Mediolanum International Funds Ltd Purchases New Shares in TFI International Inc. (NYSE:TFII)

Mediolanum International Funds Ltd purchased a new position in TFI International Inc. (NYSE:TFII) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 60,055 shares of the company’s stock, valued at approximately $10,118,000. Mediolanum International Funds Ltd owned about 0.07% of TFI International as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of TFII. UMB Bank n.a. bought a new stake in shares of TFI International in the 1st quarter worth about $136,000. Clearbridge Investments LLC purchased a new stake in TFI International in the 4th quarter worth about $287,000. Campbell & CO Investment Adviser LLC lifted its stake in TFI International by 67.0% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 3,842 shares of the company’s stock worth $522,000 after purchasing an additional 1,542 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of TFI International by 2.7% during the fourth quarter. Parallel Advisors LLC now owns 10,625 shares of the company’s stock valued at $1,445,000 after buying an additional 278 shares during the period. Finally, Van ECK Associates Corp grew its stake in shares of TFI International by 4.4% during the fourth quarter. Van ECK Associates Corp now owns 10,759 shares of the company’s stock valued at $1,464,000 after buying an additional 453 shares during the last quarter. 73.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on TFII shares. Bank of America boosted their price objective on TFI International from $154.00 to $166.00 and gave the company a “neutral” rating in a report on Monday, April 15th. TD Cowen lowered their target price on shares of TFI International from $178.00 to $176.00 and set a “buy” rating for the company in a research note on Monday, April 29th. The Goldman Sachs Group raised their price target on shares of TFI International from $157.00 to $173.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. National Bank Financial upgraded shares of TFI International from a “sector perform under weight” rating to an “outperfrom under weight” rating in a report on Friday, April 26th. Finally, Royal Bank of Canada reduced their target price on shares of TFI International from $173.00 to $162.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, TFI International presently has an average rating of “Moderate Buy” and a consensus price target of $161.53.

TFI International Stock Up 3.3 %

TFII stock traded up $4.79 during trading on Wednesday, reaching $149.80. 238,137 shares of the company traded hands, compared to its average volume of 273,069. The business has a 50 day simple moving average of $137.66 and a 200 day simple moving average of $142.01. TFI International Inc. has a 12 month low of $104.91 and a 12 month high of $162.13. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.64 and a current ratio of 1.66. The company has a market capitalization of $12.65 billion, a price-to-earnings ratio of 26.55, a price-to-earnings-growth ratio of 1.56 and a beta of 1.56.

TFI International (NYSE:TFII) last released its quarterly earnings results on Thursday, April 25th. The company reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.15). The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.89 billion. TFI International had a net margin of 6.44% and a return on equity of 20.39%. On average, equities research analysts anticipate that TFI International Inc. will post 6.8 earnings per share for the current fiscal year.

TFI International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend is Friday, June 28th. TFI International’s payout ratio is presently 28.42%.

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.