TFI International Inc. (NYSE:TFII) Shares Sold by Marshall Wace LLP

Marshall Wace LLP decreased its position in shares of TFI International Inc. (NYSE:TFII) by 94.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,490 shares of the company’s stock after selling 82,539 shares during the quarter. Marshall Wace LLP’s holdings in TFI International were worth $607,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in TFII. CDAM UK Ltd raised its holdings in TFI International by 2.5% in the 4th quarter. CDAM UK Ltd now owns 381,102 shares of the company’s stock worth $51,483,000 after purchasing an additional 9,200 shares during the period. Geode Capital Management LLC raised its stake in shares of TFI International by 31.5% during the 4th quarter. Geode Capital Management LLC now owns 469,263 shares of the company’s stock worth $64,345,000 after buying an additional 112,455 shares during the period. CIBC Private Wealth Group LLC lifted its position in shares of TFI International by 40.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company’s stock valued at $74,000 after buying an additional 160 shares in the last quarter. Brown Brothers Harriman & Co. grew its stake in TFI International by 124.8% in the 4th quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company’s stock valued at $32,000 after acquiring an additional 131 shares during the period. Finally, Amundi increased its holdings in TFI International by 2.4% in the 4th quarter. Amundi now owns 181,202 shares of the company’s stock worth $24,134,000 after acquiring an additional 4,266 shares in the last quarter. Institutional investors and hedge funds own 73.30% of the company’s stock.

TFI International Trading Up 2.6 %

TFII opened at $82.23 on Friday. The stock has a market capitalization of $6.91 billion, a PE ratio of 16.45, a P/E/G ratio of 1.11 and a beta of 1.57. TFI International Inc. has a one year low of $72.02 and a one year high of $158.93. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.96 and a current ratio of 1.03. The business’s 50 day moving average price is $81.23 and its 200 day moving average price is $118.11.

TFI International (NYSE:TFII) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.19). The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.46 billion. TFI International had a return on equity of 18.40% and a net margin of 5.08%. As a group, equities research analysts expect that TFI International Inc. will post 7.76 EPS for the current year.

TFI International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Monday, June 30th. TFI International’s dividend payout ratio (DPR) is 39.39%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TFII. TD Cowen dropped their target price on shares of TFI International from $128.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Stifel Nicolaus set a $88.00 price objective on TFI International in a report on Monday. The Goldman Sachs Group reduced their target price on TFI International from $176.00 to $150.00 and set a “buy” rating for the company in a report on Friday, February 21st. National Bank Financial raised TFI International from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 3rd. Finally, Citigroup increased their price objective on TFI International from $95.00 to $107.00 and gave the company a “buy” rating in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $124.00.

About TFI International

TFI International Inc, together with its subsidiaries, provides transportation and logistics services in the United States and Canada. The company operates through Package and Courier, Less-Than-Truckload (LTL), Truckload (TL), and Logistics segments. The Package and Courier segment engages in the pickup, transport, and delivery of items in North America.