CDAM UK Ltd Purchases 9,200 Shares of TFI International Inc. (NYSE:TFII)

CDAM UK Ltd raised its position in shares of TFI International Inc. (NYSE:TFII) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 381,102 shares of the company’s stock after acquiring an additional 9,200 shares during the quarter. TFI International makes up about 7.7% of CDAM UK Ltd’s holdings, making the stock its 9th largest holding. CDAM UK Ltd’s holdings in TFI International were worth $51,483,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Baillie Gifford & Co. purchased a new stake in TFI International during the 4th quarter valued at about $148,623,000. Geode Capital Management LLC grew its position in shares of TFI International by 31.5% in the fourth quarter. Geode Capital Management LLC now owns 469,263 shares of the company’s stock valued at $64,345,000 after purchasing an additional 112,455 shares in the last quarter. Amundi lifted its position in TFI International by 2.4% during the fourth quarter. Amundi now owns 181,202 shares of the company’s stock worth $24,134,000 after buying an additional 4,266 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in TFI International by 6.4% during the fourth quarter. Bank of New York Mellon Corp now owns 78,621 shares of the company’s stock worth $10,621,000 after buying an additional 4,763 shares during the last quarter. Finally, Toronto Dominion Bank grew its holdings in TFI International by 37.9% in the 3rd quarter. Toronto Dominion Bank now owns 60,112 shares of the company’s stock valued at $8,229,000 after buying an additional 16,510 shares in the last quarter. Hedge funds and other institutional investors own 73.30% of the company’s stock.

TFI International Stock Performance

Shares of TFII stock opened at $79.40 on Friday. The firm has a 50 day moving average of $101.28 and a two-hundred day moving average of $127.28. The stock has a market capitalization of $6.68 billion, a PE ratio of 15.88, a P/E/G ratio of 1.11 and a beta of 1.57. The company has a quick ratio of 0.96, a current ratio of 1.03 and a debt-to-equity ratio of 0.86. TFI International Inc. has a 52 week low of $72.02 and a 52 week high of $162.13.

TFI International (NYSE:TFII) last released its earnings results on Wednesday, February 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.40). TFI International had a net margin of 5.08% and a return on equity of 18.40%. The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $1.54 billion. On average, research analysts predict that TFI International Inc. will post 7.76 EPS for the current fiscal year.

TFI International Announces Dividend

The company also recently announced 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. The ex-dividend date is Monday, March 31st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.27%. TFI International’s payout ratio is 36.00%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TFII. Stephens lowered their price target on shares of TFI International from $138.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 25th. The Goldman Sachs Group dropped their price target 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. UBS Group lowered shares of TFI International from a “buy” rating to a “neutral” rating and reduced their price target for the company from $163.00 to $107.00 in a research report on Friday, February 21st. TD Cowen lowered their price objective on TFI International from $135.00 to $128.00 and set a “buy” rating for the company in a research report on Friday, March 28th. Finally, Veritas upgraded TFI International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $143.71.

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.