Geode Capital Management LLC Has $64.35 Million Stake in TFI International Inc. (NYSE:TFII)

Geode Capital Management LLC grew its holdings in TFI International Inc. (NYSE:TFII - Free Report) by 31.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 469,263 shares of the company's stock after acquiring an additional 112,455 shares during the period. Geode Capital Management LLC owned 0.56% of TFI International worth $64,345,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. grew 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 acquiring an additional 131 shares during the period. CIBC Private Wealth Group LLC lifted 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 acquiring an additional 160 shares in the last quarter. Entropy Technologies LP lifted its position in shares of TFI International by 97.8% in the fourth quarter. Entropy Technologies LP now owns 9,295 shares of the company's stock worth $1,256,000 after purchasing an additional 4,595 shares in the last quarter. Legato Capital Management LLC increased its position 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 last quarter. Finally, Canoe Financial LP acquired a new stake in TFI International in the 4th quarter valued at about $1,853,000. 73.30% of the stock is currently owned by institutional investors and hedge funds.

TFI International Price Performance

TFI International stock traded up $1.24 during midday trading on Friday, reaching $77.79. The company's stock had a trading volume of 493,189 shares, compared to its average volume of 321,351. The stock's 50 day simple moving average is $89.25 and its 200 day simple moving average is $122.38. The firm has a market capitalization of $6.53 billion, a PE ratio of 15.56, a P/E/G ratio of 1.11 and a beta of 1.57. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.96 and a current ratio of 1.03. TFI International Inc. has a fifty-two week low of $72.02 and a fifty-two week high of $158.93.

TFI International (NYSE:TFII - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $1.19 EPS for the quarter, missing analysts' consensus estimates of $1.59 by ($0.40). The firm had revenue of $2.08 billion during the quarter, compared to analysts' expectations of $1.54 billion. TFI International had a return on equity of 18.40% and a net margin of 5.08%. On average, equities research analysts forecast that TFI International Inc. will post 7.76 earnings per share for the current year.

TFI International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend was Monday, March 31st. TFI International's payout ratio is 36.00%.

Analyst Ratings Changes

TFII has been the topic of a number of analyst reports. UBS Group downgraded TFI International from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $163.00 to $107.00 in a research report on Friday, February 21st. Susquehanna reduced their price target on TFI International from $135.00 to $105.00 and set a "positive" rating on the stock in a report on Monday, March 31st. The Goldman Sachs Group lowered their price objective on TFI International from $176.00 to $150.00 and set a "buy" rating for the company in a research report on Friday, February 21st. National Bank Financial raised TFI International from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 3rd. Finally, Bank of America lowered shares of TFI International from a "neutral" rating to an "underperform" rating in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $140.14.

TFI International 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.