Quantbot Technologies LP Decreases Holdings in TFI International Inc. (NYSE:TFII)

Quantbot Technologies LP lowered its stake in TFI International Inc. (NYSE:TFII) by 62.7% in the 4th quarter, HoldingsChannel reports. The fund owned 8,024 shares of the company’s stock after selling 13,460 shares during the period. Quantbot Technologies LP’s holdings in TFI International were worth $1,084,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Baillie Gifford & Co. purchased a new position in shares of TFI International in the 4th quarter worth approximately $148,623,000. Geode Capital Management LLC boosted its stake in TFI International by 6.8% during the third quarter. Geode Capital Management LLC now owns 356,808 shares of the company’s stock worth $49,288,000 after buying an additional 22,566 shares during the period. Amundi increased its position in TFI International by 2.4% during the fourth quarter. Amundi now owns 181,202 shares of the company’s stock valued at $24,134,000 after acquiring an additional 4,266 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of TFI International by 6.4% in the fourth quarter. Bank of New York Mellon Corp now owns 78,621 shares of the company’s stock valued at $10,621,000 after acquiring an additional 4,763 shares during the period. Finally, Toronto Dominion Bank lifted its holdings in shares of TFI International by 37.9% in the 3rd quarter. Toronto Dominion Bank now owns 60,112 shares of the company’s stock worth $8,229,000 after acquiring an additional 16,510 shares during the last quarter. 73.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on TFII. Susquehanna cut their price target on shares of TFI International from $170.00 to $135.00 and set a “positive” rating on the stock in a report on Monday, March 3rd. Desjardins upgraded TFI International from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. UBS Group downgraded TFI International from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $163.00 to $107.00 in a report on Friday, February 21st. Bank of America cut TFI International from a “neutral” rating to an “underperform” rating in a report on Thursday, February 20th. Finally, Veritas raised TFI International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, TFI International has an average rating of “Moderate Buy” and an average target price of $148.93.

TFI International Trading Down 0.5 %

NYSE TFII opened at $83.80 on Wednesday. The company’s 50-day simple moving average is $110.23 and its two-hundred day simple moving average is $130.61. TFI International Inc. has a one year low of $80.19 and a one year high of $162.13. The company has a market capitalization of $7.05 billion, a price-to-earnings ratio of 16.76, a price-to-earnings-growth ratio of 1.11 and a beta of 1.62. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.96 and a current ratio of 1.03.

TFI International (NYSE:TFII) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.40). The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $1.54 billion. TFI International had a return on equity of 18.40% and a net margin of 5.08%. Equities analysts forecast that TFI International Inc. will post 7.76 EPS for the current fiscal year.

TFI International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Monday, March 31st. TFI International’s dividend payout ratio (DPR) is currently 36.00%.

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.