Russell Investments Group Ltd. Sells 2,365 Shares of TFI International Inc. (NYSE:TFII)

Posted August 20, 2023

In Uncategorized

Russell Investments Group Ltd. lowered its position in TFI International Inc. (NYSE:TFII – Free Report) by 3.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 63,474 shares of the company’s stock after selling 2,365 shares during the quarter. Russell Investments Group Ltd. owned about 0.07% of TFI International worth $7,564,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of TFI International by 0.3% in the fourth quarter. JPMorgan Chase & Co. now owns 313,511 shares of the company’s stock worth $31,426,000 after purchasing an additional 868 shares during the period. Amundi increased its stake in TFI International by 6.1% in the fourth quarter. Amundi now owns 161,222 shares of the company’s stock valued at $17,286,000 after acquiring an additional 9,262 shares during the last quarter. Bank of New York Mellon Corp increased its stake in TFI International by 0.9% in the third quarter. Bank of New York Mellon Corp now owns 132,859 shares of the company’s stock valued at $12,022,000 after acquiring an additional 1,208 shares during the last quarter. Credit Suisse AG increased its stake in TFI International by 3.5% in the fourth quarter. Credit Suisse AG now owns 104,704 shares of the company’s stock valued at $10,496,000 after acquiring an additional 3,506 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its stake in TFI International by 8.3% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 74,200 shares of the company’s stock valued at $7,424,000 after acquiring an additional 5,700 shares during the last quarter. Institutional investors own 61.25% of the company’s stock.

TFI International Stock Performance

TFI International stock opened at $130.03 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.38 and a debt-to-equity ratio of 0.51. The firm has a 50-day moving average of $118.57 and a 200-day moving average of $116.52. The firm has a market cap of $11.16 billion, a P/E ratio of 18.06, a P/E/G ratio of 2.38 and a beta of 1.53. TFI International Inc. has a 1-year low of $85.86 and a 1-year high of $133.80.

TFI International (NYSE:TFII – Get Free Report) last issued its quarterly earnings data on Monday, July 31st. The company reported $1.59 EPS for the quarter, missing the consensus estimate of $1.71 by ($0.12). TFI International had a return on equity of 23.85% and a net margin of 8.15%. The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter last year, the business earned $2.61 earnings per share. The business’s quarterly revenue was down 26.0% on a year-over-year basis. Sell-side analysts expect that TFI International Inc. will post 6.4 EPS for the current year.

TFI International Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.40 annualized dividend and a yield of 1.08%. TFI International’s dividend payout ratio (DPR) is presently 19.44%.

Analysts Set New Price Targets

A number of research analysts recently commented on TFII shares. CIBC increased their target price on TFI International from $139.00 to $156.00 and gave the company an “outperform” rating in a research note on Wednesday, August 2nd. Royal Bank of Canada increased their target price on TFI International from $120.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, August 2nd. The Goldman Sachs Group increased their target price on TFI International from $129.00 to $143.00 and gave the company a “buy” rating in a research note on Wednesday, August 2nd. TD Cowen upped their price target on shares of TFI International from $158.00 to $163.00 and gave the company an “outperform” rating in a research report on Tuesday, August 8th. Finally, JPMorgan Chase & Co. upped their price target on shares of TFI International from $130.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, August 2nd. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $155.84.

Read Our Latest Stock Report on TFII

TFI International Profile

(Free Report)

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.