TFI International Inc. (NYSE:TFII) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its holdings in TFI International Inc. (NYSE:TFII) by 6.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 78,621 shares of the company’s stock after acquiring an additional 4,763 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.09% of TFI International worth $10,621,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Baillie Gifford & Co. bought a new stake in TFI International in the fourth quarter valued at about $148,623,000. iA Global Asset Management Inc. boosted its position in shares of TFI International by 1,894.5% during the third quarter. iA Global Asset Management Inc. now owns 32,910 shares of the company’s stock worth $4,505,000 after buying an additional 31,260 shares during the period. Geode Capital Management LLC grew its stake in shares of TFI International by 6.8% in the third quarter. Geode Capital Management LLC now owns 356,808 shares of the company’s stock worth $49,288,000 after purchasing an additional 22,566 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in TFI International during the 3rd quarter valued at about $2,373,000. Finally, Toronto Dominion Bank boosted its holdings in shares of TFI International by 37.9% in the third 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. 73.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TFII shares. Royal Bank of Canada cut their target price on TFI International from $156.00 to $127.00 and set an “outperform” rating for the company in a research report on Friday, February 21st. CIBC cut their price objective on TFI International from $160.00 to $141.00 and set an “outperformer” rating for the company in a report on Friday, February 21st. UBS Group lowered TFI International from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $163.00 to $107.00 in a report on Friday, February 21st. Veritas cut shares of TFI International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 21st. Finally, Desjardins upgraded shares of TFI International from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, TFI International currently has an average rating of “Hold” and a consensus price target of $148.93.

TFI International Stock Down 1.6 %

Shares of TFI International stock opened at $81.90 on Friday. TFI International Inc. has a 1 year low of $80.19 and a 1 year high of $162.13. The company has a market cap of $6.90 billion, a P/E ratio of 16.38, a P/E/G ratio of 1.11 and a beta of 1.62. 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 stock has a 50-day moving average price of $118.35 and a 200 day moving average price of $134.37.

TFI International (NYSE:TFII) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.40). The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $1.54 billion. TFI International had a return on equity of 18.40% and a net margin of 5.08%. As a group, analysts expect that TFI International Inc. will post 7.76 EPS for the current fiscal year.

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.