Legato Capital Management LLC grew its position in TFI International Inc. (NYSE:TFII – Free Report) by 234.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 16,106 shares of the company’s stock after buying an additional 11,287 shares during the quarter. Legato Capital Management LLC’s holdings in TFI International were worth $1,665,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of TFII. United Services Automobile Association bought a new stake in shares of TFI International in the first quarter valued at about $217,000. Marshall Wace LLP bought a new stake in TFI International during the second quarter worth about $294,000. BNP Paribas Financial Markets raised its holdings in TFI International by 104.0% during the second quarter. BNP Paribas Financial Markets now owns 125,737 shares of the company’s stock worth $11,275,000 after acquiring an additional 64,108 shares in the last quarter. Cornerstone Planning Group LLC raised its holdings in TFI International by 20,080.0% during the third quarter. Cornerstone Planning Group LLC now owns 1,009 shares of the company’s stock worth $89,000 after acquiring an additional 1,004 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in TFI International by 34.9% during the third quarter. Russell Investments Group Ltd. now owns 27,623 shares of the company’s stock worth $2,432,000 after acquiring an additional 7,150 shares in the last quarter. 73.30% of the stock is currently owned by institutional investors.
TFI International Price Performance
NYSE:TFII opened at $147.91 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.88. The stock’s 50 day moving average price is $124.45 and its two-hundred day moving average price is $111.82. The firm has a market capitalization of $12.16 billion, a price-to-earnings ratio of 41.20, a P/E/G ratio of 1.36 and a beta of 1.62. TFI International Inc. has a 12-month low of $80.63 and a 12-month high of $149.09.
TFI International Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a $0.47 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $1.88 annualized dividend and a yield of 1.3%. TFI International’s dividend payout ratio is currently 52.37%.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the company. JPMorgan Chase & Co. upped their target price on TFI International from $131.00 to $156.00 and gave the stock an “overweight” rating in a report on Tuesday, April 28th. Citigroup upped their target price on TFI International from $144.00 to $163.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Needham & Company LLC set a $130.00 target price on TFI International in a report on Wednesday, February 18th. Bank of America upgraded TFI International from a “neutral” rating to a “buy” rating and upped their target price for the stock from $122.00 to $161.00 in a report on Tuesday, April 28th. Finally, TD Cowen upped their target price on TFI International from $130.00 to $153.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Nine investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, TFI International presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.86.
Read Our Latest Report on TFI International
TFI International Profile
TFI International Inc (NYSE: TFII) is a leading North American transport and logistics company headquartered in Montreal, Quebec. The company operates through a network of subsidiaries that provide truckload, less-than-truckload (LTL), specialized freight, package and courier, and logistics services. By integrating these operations, TFI delivers comprehensive end-to-end solutions, including long-haul and regional transportation, expedited delivery, warehousing, and cross-border freight movement.
Originally founded in 1957 as a regional trucking outfit in Cabano, Quebec, TFI International has expanded significantly through a disciplined acquisition strategy.
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