Turtle Creek Asset Management Inc. Grows Stock Position in TFI International Inc. (NYSE:TFII)

Turtle Creek Asset Management Inc. boosted its stake in shares of TFI International Inc. (NYSE:TFIIGet Rating) by 5.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,106,986 shares of the company’s stock after buying an additional 55,850 shares during the period. TFI International makes up approximately 4.1% of Turtle Creek Asset Management Inc.’s holdings, making the stock its 11th largest holding. Turtle Creek Asset Management Inc. owned approximately 1.20% of TFI International worth $124,104,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in TFII. Geode Capital Management LLC increased its stake in TFI International by 515.0% in the fourth quarter. Geode Capital Management LLC now owns 220,236 shares of the company’s stock worth $24,612,000 after purchasing an additional 184,426 shares during the period. EAM Global Investors LLC grew its position in shares of TFI International by 59.0% during the 4th quarter. EAM Global Investors LLC now owns 21,390 shares of the company’s stock worth $2,402,000 after buying an additional 7,941 shares in the last quarter. Hillsdale Investment Management Inc. grew its position in shares of TFI International by 3.4% during the 4th quarter. Hillsdale Investment Management Inc. now owns 102,840 shares of the company’s stock worth $11,548,000 after buying an additional 3,400 shares in the last quarter. Toronto Dominion Bank grew its position in shares of TFI International by 138.8% during the 4th quarter. Toronto Dominion Bank now owns 88,428 shares of the company’s stock worth $9,917,000 after buying an additional 51,392 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in TFI International by 528.9% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 225,532 shares of the company’s stock valued at $25,295,000 after purchasing an additional 189,672 shares in the last quarter. Institutional investors own 60.04% of the company’s stock.

TFII stock traded down $0.01 during trading on Friday, hitting $79.33. 212,091 shares of the company traded hands, compared to its average volume of 321,255. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.19 and a quick ratio of 1.16. TFI International Inc. has a 1 year low of $75.65 and a 1 year high of $120.50. The stock’s 50-day simple moving average is $89.94 and its 200 day simple moving average is $96.92. The company has a market cap of $7.25 billion, a PE ratio of 11.14, a P/E/G ratio of 0.61 and a beta of 1.78.

TFI International (NYSE:TFIIGet Rating) last issued its quarterly earnings data on Thursday, April 28th. The company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.29 by $0.39. TFI International had a return on equity of 26.98% and a net margin of 8.18%. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.03 billion. Research analysts expect that TFI International Inc. will post 6.68 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Shareholders of record on Thursday, March 31st were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.36%. The ex-dividend date was Wednesday, March 30th. TFI International’s payout ratio is currently 15.17%.

TFII has been the topic of a number of recent research reports. Wolfe Research raised TFI International from a “peer perform” rating to an “outperform” rating and set a $115.00 price objective on the stock in a research report on Monday, March 14th. Desjardins dropped their price objective on TFI International from C$173.00 to C$170.00 in a research report on Tuesday, May 3rd. National Bank Financial dropped their price objective on TFI International from C$160.00 to C$142.00 in a research report on Tuesday, April 19th. JPMorgan Chase & Co. dropped their price objective on TFI International from $134.00 to $112.00 and set an “overweight” rating on the stock in a research report on Friday, April 8th. Finally, Bank of America downgraded TFI International from a “buy” rating to a “neutral” rating and set a $95.00 price objective on the stock. in a research report on Friday, April 8th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $123.41.

About TFI International (Get Rating)

TFI International Inc provides transportation and logistics services in the United States, Canada, and Mexico. 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.

Further Reading

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

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