Sumitomo Mitsui Trust Holdings Inc. Increases Stock Holdings in TFI International Inc. (NYSE:TFII)

Sumitomo Mitsui Trust Holdings Inc. raised its stake in TFI International Inc. (NYSE:TFII) by 2.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 171,301 shares of the company’s stock after purchasing an additional 4,113 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.20% of TFI International worth $23,378,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of TFI International in the 3rd quarter valued at approximately $27,000. SG Americas Securities LLC acquired a new stake in shares of TFI International in the 3rd quarter valued at approximately $257,000. Ensign Peak Advisors Inc lifted its holdings in shares of TFI International by 94.1% in the 3rd quarter. Ensign Peak Advisors Inc now owns 3,300 shares of the company’s stock valued at $315,000 after buying an additional 1,600 shares during the period. US Bancorp DE lifted its holdings in shares of TFI International by 1,700.8% in the 1st quarter. US Bancorp DE now owns 4,376 shares of the company’s stock valued at $466,000 after buying an additional 4,133 shares during the period. Finally, United Capital Financial Advisers LLC lifted its holdings in shares of TFI International by 4.1% in the 2nd quarter. United Capital Financial Advisers LLC now owns 7,738 shares of the company’s stock valued at $882,000 after buying an additional 303 shares during the period. 73.30% of the stock is owned by institutional investors and hedge funds.

TFI International Price Performance

Shares of NYSE:TFII opened at $142.96 on Monday. The company has a market cap of $12.09 billion, a P/E ratio of 24.61, a P/E/G ratio of 1.46 and a beta of 1.52. The company has a quick ratio of 1.23, a current ratio of 1.25 and a debt-to-equity ratio of 0.66. TFI International Inc. has a 52 week low of $100.96 and a 52 week high of $162.13. The business has a fifty day simple moving average of $151.96 and a 200-day simple moving average of $133.59.

TFI International (NYSE:TFII) last announced its quarterly earnings data on Friday, February 9th. The company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.04. The business had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.95 billion. TFI International had a return on equity of 20.92% and a net margin of 6.71%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.72 earnings per share. Equities research analysts forecast that TFI International Inc. will post 7.49 EPS for the current year.

TFI International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date was Wednesday, March 27th. TFI International’s dividend payout ratio (DPR) is presently 27.54%.

Analyst Ratings Changes

Several research firms have recently commented on TFII. CIBC raised their price target on TFI International from $167.00 to $175.00 and gave the company an “outperformer” rating in a report on Tuesday, April 2nd. Bank of America lifted their price objective on TFI International from $154.00 to $166.00 and gave the stock a “neutral” rating in a report on Monday, April 15th. The Goldman Sachs Group lifted their price objective on TFI International from $157.00 to $173.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Stifel Nicolaus lifted their price objective on TFI International from $148.00 to $149.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $155.00 price objective on shares of TFI International in a report on Monday, February 12th. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $159.83.

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.