Bank of New York Mellon Corp Has $7.06 Million Position in TFI International Inc. $TFII

Bank of New York Mellon Corp grew its stake in TFI International Inc. (NYSE:TFII) by 1.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 78,729 shares of the company’s stock after buying an additional 1,356 shares during the period. Bank of New York Mellon Corp owned 0.09% of TFI International worth $7,060,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in TFII. United Services Automobile Association bought a new stake in TFI International in the first quarter valued at approximately $217,000. Entropy Technologies LP lifted its position in shares of TFI International by 46.9% in the 1st quarter. Entropy Technologies LP now owns 13,656 shares of the company’s stock worth $1,058,000 after purchasing an additional 4,361 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of TFI International by 36.2% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 12,275 shares of the company’s stock worth $1,101,000 after purchasing an additional 3,263 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its stake 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. Finally, 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 buying an additional 70,442 shares during the period. 73.30% of the stock is currently owned by institutional investors.

TFI International Stock Up 6.5%

TFII stock opened at $85.98 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.05 and a current ratio of 1.06. TFI International Inc. has a fifty-two week low of $72.02 and a fifty-two week high of $155.12. The stock’s 50 day simple moving average is $89.65 and its 200 day simple moving average is $89.85. The company has a market cap of $7.06 billion, a P/E ratio of 22.16, a price-to-earnings-growth ratio of 4.57 and a beta of 1.48.

TFI International (NYSE:TFII) last released its quarterly earnings data on Thursday, October 30th. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.19 by $0.01. TFI International had a return on equity of 14.20% and a net margin of 4.06%.The firm had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.49 billion. On average, research analysts expect that TFI International Inc. will post 7.76 earnings per share for the current fiscal 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 paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.2%. This is a positive change from TFI International’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Wednesday, December 31st. TFI International’s payout ratio is 46.39%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TFII. Susquehanna dropped their target price on shares of TFI International from $115.00 to $105.00 and set a “positive” rating on the stock in a report on Monday, November 3rd. TD Cowen dropped their price objective on TFI International from $115.00 to $107.00 and set a “buy” rating on the stock in a research note on Tuesday, July 29th. Zacks Research lowered TFI International from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 29th. Bank of America raised their target price on TFI International from $90.00 to $92.00 and gave the stock an “underperform” rating in a research note on Tuesday, July 29th. Finally, JPMorgan Chase & Co. boosted their price target on TFI International from $104.00 to $106.00 and gave the company an “outperform” rating in a research note on Monday, November 3rd. 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 company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.27.

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.