TFI International Inc. (NYSE:TFII) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its holdings in shares of TFI International Inc. (NYSE:TFII) by 5.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 11,772 shares of the company’s stock after selling 678 shares during the quarter. New York State Common Retirement Fund’s holdings in TFI International were worth $1,601,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Barometer Capital Management Inc. purchased a new position in shares of TFI International in the 3rd quarter valued at $1,677,000. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in TFI International by 2.5% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 171,301 shares of the company’s stock valued at $23,378,000 after purchasing an additional 4,113 shares in the last quarter. SG Americas Securities LLC acquired a new stake in TFI International in the 3rd quarter valued at $257,000. Van ECK Associates Corp increased its holdings in TFI International by 3.4% in the 3rd quarter. Van ECK Associates Corp now owns 10,306 shares of the company’s stock valued at $1,324,000 after purchasing an additional 343 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC acquired a new stake in TFI International in the 3rd quarter valued at $27,000. 73.30% of the stock is currently owned by hedge funds and other institutional investors.

TFI International Stock Up 1.4 %

NYSE:TFII opened at $136.40 on Friday. The company has a market capitalization of $11.53 billion, a price-to-earnings ratio of 24.23, a price-to-earnings-growth ratio of 1.02 and a beta of 1.57. TFI International Inc. has a one year low of $102.94 and a one year high of $162.13. The stock has a 50-day simple moving average of $149.59 and a 200 day simple moving average of $134.77. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.64 and a current ratio of 1.66.

TFI International (NYSE:TFII) last issued its earnings results on Thursday, April 25th. The company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.15). TFI International had a return on equity of 20.39% and a net margin of 6.44%. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.89 billion. Sell-side analysts predict that TFI International Inc. will post 6.92 EPS for the current fiscal 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 issued a $0.40 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.60 dividend on an annualized basis and a yield of 1.17%. TFI International’s dividend payout ratio is currently 28.24%.

Analysts Set New Price Targets

Several brokerages recently issued reports on TFII. BMO Capital Markets increased their price target on TFI International from $130.00 to $140.00 and gave the company a “market perform” rating in a report on Monday, February 12th. Scotiabank upgraded TFI International from a “sector perform” rating to a “sector outperform” rating in a report on Monday, January 22nd. Deutsche Bank Aktiengesellschaft began coverage on TFI International in a report on Monday, January 29th. They issued a “buy” rating and a $175.00 price target for the company. Royal Bank of Canada lowered their price target on TFI International from $173.00 to $162.00 and set an “outperform” rating for the company in a report on Monday, April 29th. Finally, The Goldman Sachs Group increased their price target on TFI International from $157.00 to $173.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, TFI International has an average rating of “Moderate Buy” and an average price target 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.