Marshall Wace LLP Has $607,000 Stock Position in TFI International Inc. (NYSE:TFII)

Marshall Wace LLP lowered its position in shares of TFI International Inc. (NYSE:TFII - Free Report) by 94.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,490 shares of the company's stock after selling 82,539 shares during the quarter. Marshall Wace LLP's holdings in TFI International were worth $607,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Brown Brothers Harriman & Co. increased its position in shares of TFI International by 124.8% during the fourth quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company's stock worth $32,000 after acquiring an additional 131 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings in TFI International by 40.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company's stock worth $74,000 after purchasing an additional 160 shares in the last quarter. Entropy Technologies LP increased its holdings in TFI International by 97.8% during the 4th 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 lifted its holdings in shares of TFI International by 8.9% in the fourth 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 bought a new position in shares of TFI International during the fourth quarter worth about $1,853,000. 73.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Bank of America downgraded TFI International from a "neutral" rating to an "underperform" rating in a research report on Thursday, February 20th. BMO Capital Markets decreased their target price on shares of TFI International from $89.00 to $88.00 and set a "market perform" rating for the company in a research report on Friday, April 25th. Stifel Nicolaus set a $88.00 price target on shares of TFI International in a research report on Monday, April 28th. Susquehanna lowered their target price on TFI International from $105.00 to $100.00 and set a "positive" rating on the stock in a research report on Friday, April 25th. Finally, TD Cowen reduced their price target on TFI International from $128.00 to $115.00 and set a "buy" rating for the company in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $124.00.

TFI International Price Performance

TFII stock traded up $1.54 during mid-day trading on Thursday, hitting $82.88. The stock had a trading volume of 36,185 shares, compared to its average volume of 321,402. The firm has a fifty day simple moving average of $80.68 and a 200 day simple moving average of $116.92. TFI International Inc. has a 52 week low of $72.02 and a 52 week high of $158.93. The company has a current ratio of 1.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $6.96 billion, a P/E ratio of 16.58, a P/E/G ratio of 1.11 and a beta of 1.51.

TFI International (NYSE:TFII - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.19). The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.46 billion. TFI International had a net margin of 5.08% and a return on equity of 18.40%. As a group, research analysts forecast that TFI International Inc. will post 7.76 EPS for the current year.

TFI International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.17%. TFI International's dividend payout ratio (DPR) is currently 39.39%.

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.