TFI International Inc. (NYSE:TFII) Shares Sold by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC cut its holdings in TFI International Inc. (NYSE:TFII) by 65.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,973 shares of the company’s stock after selling 98,214 shares during the period. O Shaughnessy Asset Management LLC’s holdings in TFI International were worth $5,311,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Turtle Creek Asset Management Inc. increased its position in shares of TFI International by 1.2% during the second quarter. Turtle Creek Asset Management Inc. now owns 1,200,839 shares of the company’s stock worth $109,505,000 after purchasing an additional 14,100 shares in the last quarter. Amundi acquired a new stake in shares of TFI International during the second quarter worth about $27,158,000. Bank of New York Mellon Corp increased its position in shares of TFI International by 70.3% during the second quarter. Bank of New York Mellon Corp now owns 86,801 shares of the company’s stock worth $7,915,000 after purchasing an additional 35,839 shares in the last quarter. Toronto Dominion Bank increased its position in shares of TFI International by 4.9% during the third quarter. Toronto Dominion Bank now owns 37,036 shares of the company’s stock worth $3,789,000 after purchasing an additional 1,731 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of TFI International by 10.0% during the second quarter. Geode Capital Management LLC now owns 35,462 shares of the company’s stock worth $3,328,000 after purchasing an additional 3,210 shares in the last quarter. Institutional investors own 58.20% of the company’s stock.

Shares of TFI International stock opened at $96.56 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.85 and a quick ratio of 0.83. TFI International Inc. has a 1 year low of $51.13 and a 1 year high of $120.50. The company has a market capitalization of $8.90 billion, a P/E ratio of 17.12, a P/E/G ratio of 0.51 and a beta of 1.61. The business has a 50 day moving average price of $105.58 and a 200 day moving average price of $107.71.

TFI International (NYSE:TFII) last issued its quarterly earnings data on Thursday, October 28th. The company reported $1.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.16. TFI International had a return on equity of 22.94% and a net margin of 8.66%. The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the previous year, the firm posted $0.94 EPS. The company’s quarterly revenue was up 123.7% compared to the same quarter last year. As a group, research analysts expect that TFI International Inc. will post 4.89 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 17th. Shareholders of record on Friday, December 31st will be issued a $0.27 dividend. The ex-dividend date of this dividend is Thursday, December 30th. This is an increase from TFI International’s previous quarterly dividend of $0.18. This represents a $1.08 annualized dividend and a yield of 1.12%. TFI International’s payout ratio is 19.15%.

A number of analysts have recently commented on TFII shares. Susquehanna Bancshares assumed coverage on TFI International in a research report on Thursday, December 9th. They set a “positive” rating and a $132.00 target price on the stock. National Bank Financial reissued an “outperform market weight” rating on shares of TFI International in a report on Thursday. Zacks Investment Research lowered TFI International from a “hold” rating to a “sell” rating in a report on Thursday. Morgan Stanley raised their price target on TFI International from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday, November 2nd. Finally, Desjardins raised their price target on TFI International from C$158.00 to C$161.00 and gave the stock a “buy” rating in a report on Tuesday, November 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, TFI International presently has an average rating of “Buy” and a consensus price target of $123.68.

TFI International Profile

TFI International, Inc engages in the provision of freight transportation and logistics services. It operates through the following segments: Package and Courier, Less-Than-Truckload, Truckload, and Logistics. The Package and Courier segment consists of pickup, transport, and delivery of items across North America.

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Institutional Ownership by Quarter for TFI International (NYSE:TFII)

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