TFI International Inc. (NYSE:TFII) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lowered its stake in TFI International Inc. (NYSE:TFII) by 32.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,689 shares of the company’s stock after selling 22,620 shares during the period. Russell Investments Group Ltd.’s holdings in TFI International were worth $6,519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Cary Street Partners Investment Advisory LLC purchased a new position in TFI International in the third quarter worth approximately $27,000. SG Americas Securities LLC acquired a new stake in shares of TFI International in the 3rd quarter valued at $257,000. Van ECK Associates Corp lifted its position in shares of TFI International by 3.4% during the 3rd quarter. Van ECK Associates Corp now owns 10,306 shares of the company’s stock worth $1,324,000 after purchasing an additional 343 shares during the last quarter. Barometer Capital Management Inc. acquired a new position in shares of TFI International during the third quarter worth $1,677,000. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of TFI International by 2.5% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 171,301 shares of the company’s stock worth $23,378,000 after purchasing an additional 4,113 shares in the last quarter. Hedge funds and other institutional investors own 73.30% of the company’s stock.

TFI International Stock Performance

NYSE:TFII opened at $134.47 on Thursday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.66 and a quick ratio of 1.64. The firm has a market cap of $11.37 billion, a price-to-earnings ratio of 23.88, a price-to-earnings-growth ratio of 1.02 and a beta of 1.57. The firm’s fifty day moving average price is $149.80 and its 200 day moving average price is $134.77. TFI International Inc. has a 1-year low of $102.94 and a 1-year high of $162.13.

TFI International (NYSE:TFII) last released its earnings results on Thursday, April 25th. The company reported $1.24 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.15). The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.89 billion. TFI International had a return on equity of 20.39% and a net margin of 6.44%. On average, sell-side analysts expect that TFI International Inc. will post 6.92 EPS for the current year.

TFI International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.19%. The ex-dividend date was Wednesday, March 27th. TFI International’s payout ratio is 28.42%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TFII. The Goldman Sachs Group lifted their price target on TFI International from $157.00 to $173.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. CIBC lowered their price target on TFI International from $175.00 to $172.00 and set an “outperformer” rating for the company in a report on Monday, April 29th. Stifel Nicolaus raised their price objective on shares of TFI International from $148.00 to $149.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. National Bank Financial upgraded shares of TFI International from a “sector perform under weight” rating to an “outperfrom under weight” rating in a report on Friday, April 26th. Finally, BMO Capital Markets increased their target price on shares of TFI International from $130.00 to $140.00 and gave the company a “market perform” rating in a research report on Monday, February 12th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $160.78.

TFI International Profile

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.