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

iA Global Asset Management Inc. trimmed its holdings in TFI International Inc. (NYSE:TFII) by 94.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,710 shares of the company’s stock after selling 31,200 shares during the quarter. 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 (SEC).

Several other institutional investors also recently modified their holdings of TFII. Quantbot Technologies LP increased its stake in shares of TFI International by 295.1% in the 3rd quarter. Quantbot Technologies LP now owns 21,484 shares of the company’s stock worth $2,941,000 after acquiring an additional 16,047 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of TFI International in the 3rd quarter worth about $2,373,000. Geode Capital Management LLC increased its stake in shares of TFI International by 6.8% in the 3rd quarter. Geode Capital Management LLC now owns 356,808 shares of the company’s stock worth $49,288,000 after acquiring an additional 22,566 shares in the last quarter. Toronto Dominion Bank increased its stake 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 worth $8,229,000 after acquiring an additional 16,510 shares in the last quarter. Finally, Canoe Financial LP bought a new position in shares of TFI International in the 4th quarter worth about $1,853,000. 73.30% of the stock is currently owned by institutional investors.

TFI International Stock Performance

Shares of NYSE TFII opened at $81.96 on Friday. The firm has a 50 day moving average of $112.24 and a 200 day moving average of $131.51. The company has a current ratio of 1.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $6.90 billion, a price-to-earnings ratio of 16.39, a price-to-earnings-growth ratio of 1.11 and a beta of 1.62. TFI International Inc. has a 12-month low of $80.19 and a 12-month high of $162.13.

TFI International (NYSE:TFII) last announced its earnings results on Wednesday, February 19th. The company reported $1.19 earnings per share (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 net margin of 5.08% and a return on equity of 18.40%. On average, research analysts anticipate that TFI International Inc. will post 7.76 earnings per share for the current year.

TFI International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.45 per share. 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 36.00%.

Analyst Ratings Changes

Several brokerages recently commented on TFII. Stephens cut their price objective on shares of TFI International from $138.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 25th. The Goldman Sachs Group cut their price objective on shares of TFI International from $176.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Royal Bank of Canada cut their price objective on shares of TFI International from $156.00 to $127.00 and set an “outperform” rating on the stock in a research report on Friday, February 21st. Susquehanna cut their price objective on shares of TFI International from $170.00 to $135.00 and set a “positive” rating on the stock in a research report on Monday, March 3rd. Finally, CIBC cut their price objective 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. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, TFI International presently has an average rating of “Moderate Buy” and an average price target of $148.93.

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.