iA Global Asset Management Inc. Sells 31,200 Shares of TFI International Inc. (NYSE:TFII)

iA Global Asset Management Inc. lessened its position in shares of TFI International Inc. (NYSE:TFII) by 94.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,710 shares of the company’s stock after selling 31,200 shares during the period. iA Global Asset Management Inc.’s holdings in TFI International were worth $231,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Legato Capital Management LLC increased its holdings in TFI International by 8.9% during the 4th quarter. Legato Capital Management LLC now owns 10,468 shares of the company’s stock worth $1,414,000 after acquiring an additional 859 shares during the period. Amundi grew its stake in TFI International by 2.4% in the 4th 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. Entropy Technologies LP grew its stake in TFI International by 97.8% in the 4th quarter. Entropy Technologies LP now owns 9,295 shares of the company’s stock worth $1,256,000 after buying an additional 4,595 shares in the last quarter. Bank of New York Mellon Corp grew its stake in TFI International by 6.4% in the 4th 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 in the last quarter. Finally, Canoe Financial LP purchased a new position in TFI International in the 4th quarter worth approximately $1,853,000. Institutional investors own 73.30% of the company’s stock.

TFI International Trading Down 1.7 %

NYSE:TFII opened at $81.96 on Friday. The company has a fifty day moving average of $112.24 and a 200 day moving average of $131.51. TFI International Inc. has a 52 week low of $80.19 and a 52 week high of $162.13. The company has a quick ratio of 0.96, a current ratio of 1.03 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $6.90 billion, a P/E ratio of 16.39, a P/E/G ratio of 1.11 and a beta of 1.62.

TFI International (NYSE:TFII) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $1.19 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 firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $1.54 billion. On average, research analysts predict that TFI International Inc. will post 7.76 earnings per share for the current year.

TFI International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.45 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.80 annualized dividend and a yield of 2.20%. TFI International’s dividend payout ratio (DPR) is presently 36.00%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Citigroup cut their price target on shares of TFI International from $162.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, February 25th. Bank of America cut shares of TFI International from a “neutral” rating to an “underperform” rating in a research note on Thursday, February 20th. Desjardins raised shares of TFI International from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Stephens cut their price objective on shares of TFI International from $138.00 to $110.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 25th. Finally, CIBC cut their price objective on shares of TFI International from $160.00 to $141.00 and set an “outperformer” rating for the company in a research note on Friday, February 21st. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $148.93.

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.