TFI International Inc. (NYSE:TFII) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. trimmed its position in shares of TFI International Inc. (NYSE:TFII) by 1.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,001 shares of the company’s stock after selling 105 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in TFI International were worth $1,232,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Hood River Capital Management LLC increased its stake in TFI International by 6.6% in the 1st quarter. Hood River Capital Management LLC now owns 226,888 shares of the company’s stock valued at $36,180,000 after purchasing an additional 13,995 shares in the last quarter. Industrial Alliance Investment Management Inc. increased its position in TFI International by 3.2% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 2,590 shares of the company’s stock worth $413,000 after purchasing an additional 80 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. raised its stake in TFI International by 1.3% in the 2nd quarter. Dixon Mitchell Investment Counsel Inc. now owns 537,835 shares of the company’s stock valued at $78,394,000 after purchasing an additional 6,887 shares during the last quarter. Summit Global Investments lifted its holdings in TFI International by 83.7% in the 2nd quarter. Summit Global Investments now owns 6,610 shares of the company’s stock valued at $959,000 after purchasing an additional 3,012 shares in the last quarter. Finally, iA Global Asset Management Inc. acquired a new position in shares of TFI International in the second quarter valued at approximately $240,000. Hedge funds and other institutional investors own 73.30% of the company’s stock.

TFI International Stock Performance

Shares of NYSE TFII opened at $142.86 on Wednesday. The stock’s 50-day moving average is $140.19 and its 200 day moving average is $142.22. The stock has a market cap of $12.09 billion, a price-to-earnings ratio of 25.97, a P/E/G ratio of 1.85 and a beta of 1.55. TFI International Inc. has a 1-year low of $111.72 and a 1-year high of $162.13. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 0.84.

TFI International (NYSE:TFII) last issued its earnings results on Monday, October 21st. The company reported $1.60 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.19). The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.28 billion. TFI International had a return on equity of 20.25% and a net margin of 5.67%. During the same quarter in the previous year, the business earned $1.57 EPS. On average, sell-side analysts anticipate that TFI International Inc. will post 6.26 EPS for the current fiscal year.

TFI International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Tuesday, December 31st. This is a boost from TFI International’s previous quarterly dividend of $0.40. TFI International’s payout ratio is 29.09%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TFII. The Goldman Sachs Group decreased their target price on TFI International from $189.00 to $184.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Stifel Nicolaus lowered shares of TFI International from a “buy” rating to a “hold” rating and cut their price objective for the stock from $158.00 to $142.00 in a report on Wednesday, October 23rd. National Bank Financial cut TFI International from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 26th. TD Securities dropped their price target on shares of TFI International from $180.00 to $171.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Finally, Stephens reaffirmed an “equal weight” rating and set a $149.00 price target (down previously from $176.00) on shares of TFI International in a research report on Tuesday, October 1st. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, TFI International currently has a consensus rating of “Moderate Buy” and an average price target of $168.56.

TFI International 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.