Turtle Creek Asset Management Inc. Decreases Stake in TFI International Inc. (NYSE:TFII)

Turtle Creek Asset Management Inc. cut its position in shares of TFI International Inc. (NYSE:TFII - Free Report) by 2.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 971,426 shares of the company's stock after selling 26,550 shares during the period. TFI International makes up 3.4% of Turtle Creek Asset Management Inc.'s portfolio, making the stock its 15th largest holding. Turtle Creek Asset Management Inc. owned about 1.15% of TFI International worth $131,230,000 at the end of the most recent quarter.

Other large investors 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 4th 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 period. CIBC Private Wealth Group LLC boosted its position 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 buying an additional 160 shares during the period. Entropy Technologies LP boosted its position in TFI International by 97.8% in the 4th quarter. Entropy Technologies LP now owns 9,295 shares of the company's stock valued at $1,256,000 after buying an additional 4,595 shares during the period. Legato Capital Management LLC raised its holdings in shares of TFI International by 8.9% in the 4th quarter. Legato Capital Management LLC now owns 10,468 shares of the company's stock valued at $1,414,000 after purchasing an additional 859 shares in the last quarter. Finally, Canoe Financial LP purchased a new stake in shares of TFI International in the 4th quarter worth approximately $1,853,000. 73.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on TFII shares. Veritas raised shares of TFI International from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 18th. Stephens lowered their price target on shares of TFI International from $138.00 to $110.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 25th. CIBC upped their price target on shares of TFI International from $110.00 to $118.00 and gave the stock an "outperformer" rating in a research report on Tuesday. National Bank Financial raised shares of TFI International from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 3rd. Finally, National Bankshares upped their price target on shares of TFI International from $132.00 to $138.00 and gave the stock an "outperform" rating in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $121.19.

TFI International Stock Down 2.4%

NYSE:TFII traded down $2.16 during midday trading on Wednesday, reaching $87.58. 364,580 shares of the stock traded hands, compared to its average volume of 339,636. TFI International Inc. has a 12-month low of $72.02 and a 12-month high of $158.93. The business has a 50-day moving average of $81.64 and a two-hundred day moving average of $113.93. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.96 and a current ratio of 1.03. The stock has a market capitalization of $7.31 billion, a PE ratio of 17.52, a price-to-earnings-growth ratio of 1.11 and a beta of 1.51.

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

TFI International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $0.45 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.06%. TFI International's dividend payout ratio is currently 39.39%.

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.