Marshall Wace LLP Sells 82,539 Shares of TFI International Inc. (NYSE:TFII)

Marshall Wace LLP trimmed its position in TFI International Inc. (NYSE:TFII - Free Report) by 94.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,490 shares of the company's stock after selling 82,539 shares during the period. Marshall Wace LLP's holdings in TFI International were worth $607,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of TFII. Baillie Gifford & Co. acquired a new stake in shares of TFI International in the fourth quarter valued at about $148,623,000. Geode Capital Management LLC increased its position in shares of TFI International by 31.5% during the 4th quarter. Geode Capital Management LLC now owns 469,263 shares of the company's stock worth $64,345,000 after purchasing an additional 112,455 shares during the last quarter. Canoe Financial LP bought a new stake in shares of TFI International during the 4th quarter worth approximately $1,853,000. CDAM UK Ltd boosted its holdings in shares of TFI International by 2.5% in the 4th quarter. CDAM UK Ltd now owns 381,102 shares of the company's stock valued at $51,483,000 after buying an additional 9,200 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of TFI International by 6.4% in the fourth quarter. Bank of New York Mellon Corp now owns 78,621 shares of the company's stock valued at $10,621,000 after buying an additional 4,763 shares in the last quarter. 73.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TFII. Citigroup lifted their target price on TFI International from $95.00 to $107.00 and gave the stock a "buy" rating in a research note on Friday, April 25th. Stephens cut their price objective 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. 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 note on Friday, April 25th. Susquehanna Bancshares dropped their price target on TFI International from $105.00 to $100.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Finally, UBS Group decreased their price objective on TFI International from $107.00 to $88.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $124.00.

TFI International Trading Down 0.7 %

Shares of TFI International stock traded down $0.60 during midday trading on Monday, reaching $81.80. The company had a trading volume of 275,365 shares, compared to its average volume of 323,671. 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 fifty-two week low of $72.02 and a fifty-two week high of $158.93. The stock has a fifty day moving average price of $81.04 and a 200 day moving average price of $117.42. The firm has a market cap of $6.87 billion, a PE ratio of 16.36, a P/E/G ratio of 1.11 and a beta of 1.51.

TFI International (NYSE:TFII - Get Free Report) last announced its earnings results 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). The firm 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, equities analysts anticipate that TFI International Inc. will post 7.76 earnings per share for the current year.

TFI International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.80 annualized dividend and a dividend yield of 2.20%. TFI International's payout ratio is 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.