TFI International Inc. (NYSE:TFII) Stock Holdings Lessened by Bessemer Group Inc.

Bessemer Group Inc. reduced its stake in shares of TFI International Inc. (NYSE:TFII) by 3.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 45,851 shares of the company’s stock after selling 1,622 shares during the quarter. Bessemer Group Inc.’s holdings in TFI International were worth $7,312,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. acquired a new stake in shares of TFI International during the 1st quarter valued at $136,000. Clearbridge Investments LLC acquired a new stake in TFI International during the fourth quarter valued at $287,000. Campbell & CO Investment Adviser LLC boosted its position in TFI International by 67.0% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 3,842 shares of the company’s stock valued at $522,000 after purchasing an additional 1,542 shares during the last quarter. Hillsdale Investment Management Inc. grew its stake in TFI International by 1,200.0% in the first quarter. Hillsdale Investment Management Inc. now owns 4,550 shares of the company’s stock valued at $726,000 after purchasing an additional 4,200 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in TFI International by 2.7% in the 4th quarter. Parallel Advisors LLC now owns 10,625 shares of the company’s stock worth $1,445,000 after purchasing an additional 278 shares during the last quarter. 73.30% of the stock is owned by hedge funds and other institutional investors.

TFI International Stock Performance

NYSE TFII traded down $0.96 during trading on Wednesday, hitting $153.00. The company’s stock had a trading volume of 187,162 shares, compared to its average volume of 269,823. TFI International Inc. has a 52 week low of $104.91 and a 52 week high of $162.13. The firm has a market cap of $12.94 billion, a P/E ratio of 27.18, a price-to-earnings-growth ratio of 1.67 and a beta of 1.56. The firm has a 50 day moving average price of $141.68 and a 200 day moving average price of $143.44. The company has a quick ratio of 1.64, a current ratio of 1.66 and a debt-to-equity ratio of 0.86.

TFI International (NYSE:TFII) last announced its quarterly earnings data on Thursday, April 25th. The company reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.15). TFI International had a return on equity of 20.39% and a net margin of 6.44%. The company had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.89 billion. Equities research analysts forecast that TFI International Inc. will post 6.74 earnings per share for the current fiscal year.

TFI International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.60 annualized dividend and a dividend yield of 1.05%. TFI International’s payout ratio is 28.42%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on TFII shares. TD Cowen reduced their price target on TFI International from $178.00 to $176.00 and set a “buy” rating for the company in a report on Monday, April 29th. CIBC decreased their target price on shares of TFI International from $172.00 to $167.00 and set an “outperform” rating for the company in a research report on Wednesday, June 12th. Bank of America increased their price target on shares of TFI International from $148.00 to $165.00 and gave the stock a “neutral” rating in a research note on Monday. National Bank Financial raised shares of TFI International from a “sector perform under weight” rating to an “outperfrom under weight” rating in a research note on Friday, April 26th. Finally, The Goldman Sachs Group increased their target price on shares of TFI International from $157.00 to $173.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $161.47.

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.