Knights of Columbus Asset Advisors LLC Cuts Stock Position in TFI International Inc. (NYSE:TFII)

Knights of Columbus Asset Advisors LLC lessened its stake in TFI International Inc. (NYSE:TFII) by 23.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,453 shares of the company’s stock after selling 455 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in TFI International were worth $148,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Turtle Creek Asset Management Inc. grew its stake in TFI International by 1.2% in the second quarter. Turtle Creek Asset Management Inc. now owns 1,200,839 shares of the company’s stock valued at $109,505,000 after purchasing an additional 14,100 shares during the last quarter. Amundi purchased a new position in TFI International in the second quarter valued at about $27,158,000. Bank of New York Mellon Corp grew its stake in TFI International by 70.3% in the second quarter. Bank of New York Mellon Corp now owns 86,801 shares of the company’s stock valued at $7,915,000 after purchasing an additional 35,839 shares during the last quarter. Toronto Dominion Bank grew its stake in shares of TFI International by 4.9% during the third quarter. Toronto Dominion Bank now owns 37,036 shares of the company’s stock worth $3,789,000 after acquiring an additional 1,731 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of TFI International by 10.0% during the second quarter. Geode Capital Management LLC now owns 35,462 shares of the company’s stock worth $3,328,000 after acquiring an additional 3,210 shares during the last quarter. Institutional investors own 58.20% of the company’s stock.

Shares of NYSE:TFII opened at $96.56 on Friday. TFI International Inc. has a 12-month low of $51.13 and a 12-month high of $120.50. The company has a market capitalization of $8.90 billion, a PE ratio of 17.12, a PEG ratio of 0.51 and a beta of 1.61. The business has a 50 day moving average of $105.58 and a two-hundred day moving average of $107.71. The company has a current ratio of 0.85, a quick ratio of 0.83 and a debt-to-equity ratio of 0.55.

TFI International (NYSE:TFII) last announced its quarterly earnings results on Thursday, October 28th. The company reported $1.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.16. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.01 billion. TFI International had a return on equity of 22.94% and a net margin of 8.66%. TFI International’s revenue for the quarter was up 123.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.94 earnings per share. Equities research analysts predict that TFI International Inc. will post 4.89 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 17th. Stockholders of record on Friday, December 31st will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.12%. This is an increase from TFI International’s previous quarterly dividend of $0.18. The ex-dividend date is Thursday, December 30th. TFI International’s dividend payout ratio is presently 19.15%.

A number of brokerages have recently weighed in on TFII. Susquehanna Bancshares began coverage on TFI International in a research note on Thursday, December 9th. They set a “positive” rating and a $132.00 price target on the stock. Royal Bank of Canada boosted their price target on TFI International from $117.00 to $124.00 and gave the stock an “outperform” rating in a research note on Monday, November 1st. Zacks Investment Research lowered TFI International from a “hold” rating to a “sell” rating in a research note on Thursday. Scotiabank boosted their price target on TFI International from C$150.00 to C$155.00 and gave the stock an “outperform” rating in a research note on Monday, November 1st. Finally, Desjardins lifted their target price on TFI International from C$158.00 to C$161.00 and gave the stock a “buy” rating in a report on Tuesday, November 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, TFI International has an average rating of “Buy” and an average price target of $123.68.

TFI International Profile

TFI International, Inc engages in the provision of freight transportation and logistics services. It operates through the following segments: Package and Courier, Less-Than-Truckload, Truckload, and Logistics. The Package and Courier segment consists of pickup, transport, and delivery of items across North America.

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Institutional Ownership by Quarter for TFI International (NYSE:TFII)

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