Hood River Capital Management LLC Has $31.21 Million Position in TFI International Inc. (NYSE:TFII)

Hood River Capital Management LLC lessened its holdings in shares of TFI International Inc. (NYSE:TFII) by 5.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 215,016 shares of the company’s stock after selling 11,872 shares during the period. Hood River Capital Management LLC owned 0.25% of TFI International worth $31,212,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TFII. UMB Bank n.a. bought a new position in TFI International in the 1st quarter worth approximately $136,000. iA Global Asset Management Inc. bought a new stake in shares of TFI International during the second quarter worth $240,000. Clearbridge Investments LLC acquired a new position in shares of TFI International during the fourth quarter valued at $287,000. Industrial Alliance Investment Management Inc. boosted its holdings in TFI International by 3.2% in the first quarter. Industrial Alliance Investment Management Inc. now owns 2,590 shares of the company’s stock valued at $413,000 after acquiring an additional 80 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC increased its position 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 period. 73.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Stifel Nicolaus upped their target price on shares of TFI International from $151.00 to $162.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Cormark upgraded shares of TFI International from a “hold” rating to a “moderate buy” rating in a report on Monday, July 15th. Stephens reaffirmed an “overweight” rating and issued a $176.00 price objective on shares of TFI International in a research note on Tuesday, July 30th. TD Cowen upped their target price on shares of TFI International from $176.00 to $184.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Finally, CIBC raised their price target on TFI International from $167.00 to $179.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $170.33.

TFI International Stock Down 3.0 %

Shares of TFI International stock opened at $145.35 on Monday. The company has a market capitalization of $12.30 billion, a P/E ratio of 25.82, a price-to-earnings-growth ratio of 1.50 and a beta of 1.55. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.92. The business has a 50-day moving average of $148.28 and a two-hundred day moving average of $145.65. TFI International Inc. has a 1 year low of $104.91 and a 1 year high of $162.13.

TFI International (NYSE:TFII) last posted its earnings results on Thursday, July 25th. The company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.10. TFI International had a return on equity of 20.48% and a net margin of 5.93%. The business had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same period in the prior year, the business earned $1.59 EPS. TFI International’s revenue for the quarter was up 26.4% compared to the same quarter last year. As a group, equities analysts predict that TFI International Inc. will post 6.86 EPS for the current year.

TFI International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, September 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.10%. TFI International’s payout ratio is 28.60%.

About TFI International

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.