Geode Capital Management LLC Purchases 112,455 Shares of TFI International Inc. (NYSE:TFII)

Geode Capital Management LLC lifted its position in shares of TFI International Inc. (NYSE:TFII) by 31.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 469,263 shares of the company’s stock after buying an additional 112,455 shares during the period. Geode Capital Management LLC owned about 0.56% of TFI International worth $64,345,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp lifted its position in shares of TFI International by 6.4% in the fourth quarter. Bank of New York Mellon Corp now owns 78,621 shares of the company’s stock worth $10,621,000 after purchasing an additional 4,763 shares in the last quarter. Baillie Gifford & Co. bought a new stake in TFI International during the 4th quarter worth about $148,623,000. Canoe Financial LP acquired a new position in shares of TFI International during the 4th quarter worth about $1,853,000. Toronto Dominion Bank grew its holdings in shares of 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 acquiring an additional 16,510 shares in the last quarter. Finally, Entropy Technologies LP increased its position in shares of TFI International by 97.8% in the fourth quarter. Entropy Technologies LP now owns 9,295 shares of the company’s stock valued at $1,256,000 after acquiring an additional 4,595 shares during the last quarter. 73.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on TFII. Susquehanna decreased their price target on TFI International from $135.00 to $105.00 and set a “positive” rating for the company in a research note on Monday, March 31st. Royal Bank of Canada decreased their target price on shares of TFI International from $156.00 to $127.00 and set an “outperform” rating for the company in a research note on Friday, February 21st. CIBC dropped their price target on shares of TFI International from $160.00 to $141.00 and set an “outperformer” rating on the stock in a research report on Friday, February 21st. The Goldman Sachs Group decreased their price objective on shares of TFI International from $176.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Finally, Bank of America cut shares of TFI International from a “neutral” rating to an “underperform” rating in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $141.21.

TFI International Price Performance

NYSE:TFII opened at $81.21 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.96 and a current ratio of 1.03. The firm has a market cap of $6.83 billion, a price-to-earnings ratio of 16.24, a P/E/G ratio of 1.11 and a beta of 1.57. TFI International Inc. has a 52 week low of $72.02 and a 52 week high of $159.11. The firm’s 50-day simple moving average is $93.44 and its 200 day simple moving average is $123.97.

TFI International (NYSE:TFII) last announced its earnings results on Wednesday, February 19th. The company reported $1.19 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.40). The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $1.54 billion. TFI International had a return on equity of 18.40% and a net margin of 5.08%. As a group, sell-side 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 announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.22%. The ex-dividend date is Monday, March 31st. TFI International’s dividend payout ratio (DPR) is currently 36.00%.

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.