Turtle Creek Asset Management Inc. Cuts Stock Position in TFI International Inc. (NYSE:TFII)

Turtle Creek Asset Management Inc. lessened its holdings in TFI International Inc. (NYSE:TFII) by 2.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 971,426 shares of the company’s stock after selling 26,550 shares during the period. TFI International accounts for approximately 3.4% of Turtle Creek Asset Management Inc.’s holdings, making the stock its 15th biggest position. Turtle Creek Asset Management Inc. owned about 1.15% of TFI International worth $131,230,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Brown Brothers Harriman & Co. lifted its holdings in shares of TFI International by 124.8% in the 4th quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company’s stock valued at $32,000 after acquiring an additional 131 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in TFI International by 40.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company’s stock worth $74,000 after purchasing an additional 160 shares during the last quarter. Entropy Technologies LP lifted its stake in TFI International by 97.8% in the fourth quarter. Entropy Technologies LP now owns 9,295 shares of the company’s stock worth $1,256,000 after purchasing an additional 4,595 shares during the last quarter. Legato Capital Management LLC lifted its stake in TFI International by 8.9% in the fourth quarter. Legato Capital Management LLC now owns 10,468 shares of the company’s stock worth $1,414,000 after purchasing an additional 859 shares during the last quarter. Finally, Canoe Financial LP bought a new stake in TFI International in the fourth quarter worth about $1,853,000. Hedge funds and other institutional investors own 73.30% of the company’s stock.

Analysts Set New Price Targets

TFII has been the subject of several analyst reports. TD Cowen decreased their price objective on shares of TFI International from $128.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, April 25th. The Goldman Sachs Group decreased their price objective on shares of TFI International from $176.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Stifel Nicolaus set a $88.00 price target on shares of TFI International in a research note on Monday, April 28th. CIBC decreased their price target on shares of TFI International from $115.00 to $110.00 and set an “outperform” rating for the company in a research note on Friday, April 25th. Finally, Royal Bank of Canada cut their price objective on shares of TFI International from $98.00 to $94.00 and set an “outperform” rating on the stock in a report on Monday, April 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $120.69.

TFI International Stock Down 0.2%

Shares of TFII stock opened at $90.22 on Friday. The stock’s 50-day simple moving average is $81.35 and its 200-day simple moving average is $114.54. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.96 and a current ratio of 1.03. The firm has a market capitalization of $7.53 billion, a PE ratio of 18.04, a P/E/G ratio of 1.11 and a beta of 1.51. TFI International Inc. has a fifty-two week low of $72.02 and a fifty-two week high of $158.93.

TFI International (NYSE:TFII) last posted its earnings results on Wednesday, April 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.19). The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.46 billion. TFI International had a net margin of 5.08% and a return on equity of 18.40%. Equities analysts expect that TFI International Inc. will post 7.76 earnings per share for the current year.

TFI International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.80 dividend on an annualized basis and a yield of 2.00%. TFI International’s dividend payout ratio is presently 39.39%.

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.