Russell Investments Group Ltd. Sells 22,620 Shares of TFI International Inc. (NYSE:TFII)

Russell Investments Group Ltd. lessened its holdings in TFI International Inc. (NYSE:TFII - Free Report) by 32.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,689 shares of the company's stock after selling 22,620 shares during the period. Russell Investments Group Ltd. owned about 0.06% of TFI International worth $6,519,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of TFI International in the third quarter valued at approximately $27,000. SG Americas Securities LLC purchased a new position in TFI International during the third quarter valued at $257,000. Van ECK Associates Corp grew its position in shares of TFI International by 3.4% in the third quarter. Van ECK Associates Corp now owns 10,306 shares of the company's stock valued at $1,324,000 after purchasing an additional 343 shares during the period. Barometer Capital Management Inc. purchased a new stake in shares of TFI International during the third quarter worth about $1,677,000. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of TFI International by 2.5% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 171,301 shares of the company's stock worth $23,378,000 after purchasing an additional 4,113 shares during the last quarter. Institutional investors and hedge funds own 73.30% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Scotiabank upgraded TFI International from a "sector perform" rating to a "sector outperform" rating in a research note on Monday, January 22nd. BMO Capital Markets lifted their target price on shares of TFI International from $130.00 to $140.00 and gave the stock a "market perform" rating in a research note on Monday, February 12th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of TFI International in a research report on Monday, January 29th. They issued a "buy" rating and a $175.00 target price for the company. Stifel Nicolaus boosted their price target on shares of TFI International from $148.00 to $149.00 and gave the stock a "buy" rating in a research report on Wednesday, January 10th. Finally, CIBC cut their price objective on shares of TFI International from $175.00 to $172.00 and set an "outperformer" rating for the company in a report on Monday, April 29th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, TFI International currently has a consensus rating of "Moderate Buy" and an average price target of $160.78.

TFI International Trading Up 1.4 %

Shares of NYSE TFII traded up $1.83 during mid-day trading on Thursday, reaching $136.40. 315,921 shares of the company's stock were exchanged, compared to its average volume of 290,297. The firm has a market capitalization of $11.53 billion, a price-to-earnings ratio of 23.88, a PEG ratio of 1.02 and a beta of 1.57. TFI International Inc. has a 52-week low of $102.94 and a 52-week high of $162.13. The company's 50-day moving average is $149.59 and its 200-day moving average is $134.77. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.64 and a current ratio of 1.66.

TFI International (NYSE:TFII - Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The company reported $1.24 earnings per share for the quarter, missing analysts' consensus estimates of $1.39 by ($0.15). The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.89 billion. TFI International had a net margin of 6.44% and a return on equity of 20.39%. Analysts expect that TFI International Inc. will post 6.92 EPS for the current fiscal year.

TFI International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date was Wednesday, March 27th. TFI International's payout ratio is 28.42%.

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.