Sumitomo Mitsui Trust Group Inc. Raises Stock Position in TFI International Inc. $TFII

Sumitomo Mitsui Trust Group Inc. grew its stake in TFI International Inc. (NYSE:TFII) by 36.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,275 shares of the company’s stock after buying an additional 3,263 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in TFI International were worth $1,101,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Entropy Technologies LP lifted its position in TFI International by 46.9% in the first quarter. Entropy Technologies LP now owns 13,656 shares of the company’s stock valued at $1,058,000 after acquiring an additional 4,361 shares during the last quarter. Quantbot Technologies LP increased its position in shares of TFI International by 877.9% during the first quarter. Quantbot Technologies LP now owns 78,466 shares of the company’s stock worth $6,077,000 after purchasing an additional 70,442 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of TFI International by 10.5% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 41,278 shares of the company’s stock valued at $3,197,000 after purchasing an additional 3,925 shares during the last quarter. United Services Automobile Association acquired a new stake in shares of TFI International in the 1st quarter valued at about $217,000. Finally, Argent Capital Management LLC grew its stake in TFI International by 303.4% during the 2nd quarter. Argent Capital Management LLC now owns 142,864 shares of the company’s stock worth $12,811,000 after buying an additional 107,451 shares during the last quarter. 73.30% of the stock is currently owned by institutional investors and hedge funds.

TFI International Price Performance

Shares of NYSE:TFII opened at $89.85 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.05 and a debt-to-equity ratio of 0.88. The company has a market cap of $7.39 billion, a P/E ratio of 23.16, a PEG ratio of 3.10 and a beta of 1.45. TFI International Inc. has a 52 week low of $72.02 and a 52 week high of $155.12. The company has a 50-day moving average price of $92.29 and a 200 day moving average price of $89.20.

TFI International (NYSE:TFII) last released its earnings results on Thursday, October 30th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.01. The company had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.49 billion. TFI International had a return on equity of 14.17% and a net margin of 4.06%. Research analysts predict that TFI International Inc. will post 7.76 earnings per share for the current year.

TFI International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a $0.47 dividend. The ex-dividend date is Wednesday, December 31st. This is a positive change from TFI International’s previous quarterly dividend of $0.45. This represents a $1.88 annualized dividend and a yield of 2.1%. TFI International’s dividend payout ratio (DPR) is currently 46.39%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Morgan Stanley reduced their price objective on TFI International from $160.00 to $158.00 and set an “overweight” rating for the company in a research note on Monday, October 6th. Zacks Research cut shares of TFI International from a “hold” rating to a “strong sell” rating in a report on Wednesday. Cormark cut shares of TFI International from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, July 29th. UBS Group raised their price objective on shares of TFI International from $90.00 to $102.00 and gave the stock a “neutral” rating in a research report on Friday, October 3rd. Finally, Scotiabank cut shares of TFI International from a “sector outperform” rating to a “sector perform” rating in a report on Thursday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, TFI International currently has an average rating of “Moderate Buy” and an average target price of $111.53.

TFI International Company 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.