Baillie Gifford & Co. Lowers Holdings in TFI International Inc. (NYSE:TFII)

Key Points

• Baillie Gifford & Co. reduced its stake in TFI International Inc. by 3.1% during Q1, now owning approximately 1.27% of the company, valued at $82.58 million.
• Analysts have given TFI International varying ratings, with one upgrade to a "strong-buy" and price targets ranging from $91.00 to $108.00.
• TFI International's most recent quarterly earnings showed a miss on EPS estimates, reporting $0.76 versus a expected $0.95, while revenue came in at $1.96 billion, exceeding estimates of $1.46 billion.

Baillie Gifford & Co. cut its stake in shares of TFI International Inc. (NYSE:TFII - Free Report) by 3.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,066,750 shares of the company's stock after selling 33,691 shares during the quarter. Baillie Gifford & Co. owned about 1.27% of TFI International worth $82,583,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Brown Brothers Harriman & Co. boosted its position in TFI International by 124.8% in the fourth quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company's stock worth $32,000 after purchasing an additional 131 shares during the last quarter. CIBC Private Wealth Group LLC boosted its position in TFI International by 40.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company's stock worth $74,000 after purchasing an additional 160 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in TFI International by 4.2% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,012 shares of the company's stock worth $698,000 after purchasing an additional 363 shares during the last quarter. Canoe Financial LP boosted its position in TFI International by 168.5% in the first quarter. Canoe Financial LP now owns 36,857 shares of the company's stock worth $2,854,000 after purchasing an additional 23,131 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of TFI International by 7.8% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 37,353 shares of the company's stock valued at $5,046,000 after buying an additional 2,696 shares in the last quarter. 73.30% of the stock is currently owned by institutional investors.

TFI International Trading Down 4.2%

TFII traded down $3.98 during trading hours on Wednesday, reaching $89.75. 204,318 shares of the company's stock traded hands, compared to its average volume of 477,594. The firm has a 50-day moving average price of $89.40 and a 200 day moving average price of $94.91. TFI International Inc. has a 52-week low of $72.02 and a 52-week high of $157.77. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $7.45 billion, a PE ratio of 20.58, a PEG ratio of 2.78 and a beta of 1.48.

TFI International (NYSE:TFII - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The company reported $1.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.24 by $0.10. TFI International had a return on equity of 15.44% and a net margin of 4.48%. The company had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $1.49 billion. As a group, sell-side analysts predict that TFI International Inc. will post 7.76 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on TFII. TD Cowen lowered their price objective on TFI International from $115.00 to $107.00 and set a "buy" rating on the stock in a research report on Tuesday. Bank of America lifted their price objective on TFI International from $90.00 to $92.00 and gave the company an "underperform" rating in a research report on Tuesday. National Bankshares lifted their price objective on TFI International from $132.00 to $138.00 and gave the company an "outperform" rating in a research report on Friday, April 25th. Citigroup lifted their price objective on TFI International from $107.00 to $108.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Finally, National Bank Financial raised TFI International from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, TFI International has a consensus rating of "Moderate Buy" and a consensus price target of $117.13.

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.