Public Employees Retirement System of Ohio Lowers Stake in TFI International Inc. (NYSE:TFII)

Public Employees Retirement System of Ohio reduced its position in TFI International Inc. (NYSE:TFII - Free Report) by 19.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,005 shares of the company's stock after selling 3,310 shares during the quarter. Public Employees Retirement System of Ohio's holdings in TFI International were worth $1,892,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. 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 valued at $32,000 after buying an additional 131 shares during the last quarter. CIBC Private Wealth Group LLC raised its stake in TFI International by 40.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company's stock valued at $74,000 after purchasing an additional 160 shares during the last quarter. Entropy Technologies LP increased its stake in shares of TFI International by 97.8% in the 4th quarter. Entropy Technologies LP now owns 9,295 shares of the company's stock worth $1,256,000 after acquiring an additional 4,595 shares during the last quarter. Legato Capital Management LLC grew its holdings in shares of TFI International by 8.9% during the 4th quarter. Legato Capital Management LLC now owns 10,468 shares of the company's stock worth $1,414,000 after purchasing an additional 859 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its holdings in 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 acquiring an additional 2,696 shares during the period. 73.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TFII has been the topic of several research analyst reports. Susquehanna Bancshares cut their target price on TFI International from $105.00 to $100.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. UBS Group decreased their target price on TFI International from $107.00 to $88.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. Royal Bank of Canada cut their price target on TFI International from $98.00 to $94.00 and set an "outperform" rating for the company in a report on Monday, April 28th. CIBC reiterated an "outperform" rating on shares of TFI International in a research report on Tuesday, May 20th. Finally, Citigroup increased their target price on TFI International from $95.00 to $107.00 and gave the company a "buy" rating in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, TFI International currently has an average rating of "Moderate Buy" and a consensus target price of $121.19.

TFI International Stock Performance

TFI International stock traded down $0.67 during trading hours on Thursday, hitting $86.69. The company had a trading volume of 201,400 shares, compared to its average volume of 346,421. The firm has a market cap of $7.24 billion, a PE ratio of 17.34, a PEG ratio of 1.11 and a beta of 1.51. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.03 and a quick ratio of 0.96. TFI International Inc. has a one year low of $72.02 and a one year high of $158.93. The firm has a 50-day moving average of $82.67 and a 200 day moving average of $109.35.

TFI International (NYSE:TFII - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.19). The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.46 billion. TFI International had a return on equity of 18.40% and a net margin of 5.08%. On average, sell-side analysts expect that TFI International Inc. will post 7.76 earnings per share for the current year.

TFI International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.45 per share. The ex-dividend date is Monday, June 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.08%. TFI International's dividend payout ratio (DPR) is presently 39.39%.

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.