Hood River Capital Management LLC Sells 241,656 Shares of TFI International Inc. (NYSE:TFII)

Hood River Capital Management LLC lowered its position in TFI International Inc. (NYSE:TFII - Free Report) by 98.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,208 shares of the company's stock after selling 241,656 shares during the period. Hood River Capital Management LLC's holdings in TFI International were worth $433,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Brown Brothers Harriman & Co. boosted its holdings 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 last quarter. CIBC Private Wealth Group LLC lifted its holdings in shares of TFI International by 40.5% during 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 in the last quarter. Legato Capital Management LLC lifted 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 valued at $1,414,000 after purchasing an additional 859 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its position in TFI International by 7.8% in 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 during the last quarter. Finally, Amundi raised its position in TFI International by 2.4% in the 4th quarter. Amundi now owns 181,202 shares of the company's stock valued at $24,134,000 after buying an additional 4,266 shares during the last quarter. Institutional investors own 73.30% of the company's stock.

TFI International Stock Performance

TFI International stock traded up $2.02 during mid-day trading on Tuesday, reaching $81.85. The company's stock had a trading volume of 77,133 shares, compared to its average volume of 323,229. TFI International Inc. has a 12-month low of $72.02 and a 12-month high of $158.93. The company has a market capitalization of $6.87 billion, a P/E ratio of 16.37, a PEG 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. The firm's fifty day moving average price is $82.31 and its two-hundred day moving average price is $119.44.

TFI International (NYSE:TFII - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.76 earnings per share 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 business had revenue of $1.96 billion during the quarter, compared to analysts' expectations of $1.46 billion. Sell-side analysts predict that TFI International Inc. will post 7.76 EPS for the current fiscal year.

TFI International Announces Dividend

The business also recently disclosed 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. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend is Monday, June 30th. TFI International's dividend payout ratio is currently 39.39%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. BMO Capital Markets dropped their price objective on TFI International from $89.00 to $88.00 and set a "market perform" rating on the stock in a research note on Friday. CIBC decreased their price target on shares of TFI International from $115.00 to $110.00 and set an "outperform" rating on the stock in a research note on Friday. Bank of America lowered shares of TFI International from a "neutral" rating to an "underperform" rating in a research report on Thursday, February 20th. Royal Bank of Canada lowered their price target on shares of TFI International from $98.00 to $94.00 and set an "outperform" rating on the stock in a research report on Monday. Finally, 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $125.19.

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.