Baillie Gifford & Co. Sells 31,911 Shares of TFI International Inc. $TFII

Baillie Gifford & Co. lessened its stake in shares of TFI International Inc. (NYSE:TFII) by 3.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,019,178 shares of the company’s stock after selling 31,911 shares during the quarter. Baillie Gifford & Co.’s holdings in TFI International were worth $89,715,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. lifted its holdings in TFI International by 9.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,418 shares of the company’s stock worth $1,182,000 after purchasing an additional 1,143 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in TFI International by 1.8% during the second quarter. Bank of New York Mellon Corp now owns 78,729 shares of the company’s stock valued at $7,060,000 after purchasing an additional 1,356 shares during the last quarter. QV Investors Inc. raised its position in shares of TFI International by 0.8% in the second quarter. QV Investors Inc. now owns 352,781 shares of the company’s stock valued at $31,604,000 after purchasing an additional 2,685 shares during the period. United Services Automobile Association acquired a new stake in shares of TFI International in the first quarter worth $217,000. Finally, Marshall Wace LLP acquired a new position in TFI International in the 2nd quarter valued at $294,000. 73.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TFII shares. CIBC restated an “outperform” rating and set a $121.00 price target on shares of TFI International in a report on Thursday, January 8th. Royal Bank Of Canada boosted their price objective on TFI International from $102.00 to $125.00 and gave the stock an “outperform” rating in a research report on Monday, December 22nd. Scotiabank reaffirmed a “sector perform” rating on shares of TFI International in a report on Wednesday. UBS Group lifted their price target on TFI International from $90.00 to $102.00 and gave the stock a “neutral” rating in a research report on Friday, October 3rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of TFI International in a research report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, TFI International presently has an average rating of “Moderate Buy” and an average price target of $120.80.

TFI International Trading Down 2.2%

TFI International stock opened at $109.34 on Friday. The business has a 50 day moving average price of $101.16 and a two-hundred day moving average price of $94.45. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.88. TFI International Inc. has a 12 month low of $72.02 and a 12 month high of $140.35. The stock has a market cap of $8.98 billion, a price-to-earnings ratio of 28.18, a price-to-earnings-growth ratio of 5.01 and a beta of 1.49.

TFI International (NYSE:TFII) last announced its quarterly earnings data on Thursday, October 30th. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.01. The company had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.49 billion. TFI International had a return on equity of 14.20% and a net margin of 4.06%. As a group, equities analysts forecast that TFI International Inc. will post 7.76 EPS for the current year.

TFI International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a $0.47 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This is an increase from TFI International’s previous quarterly dividend of $0.45. This represents a $1.88 dividend on an annualized basis and a yield of 1.7%. TFI International’s payout ratio is presently 48.45%.

TFI International Profile

TFI International Inc (NYSE: TFII) is a leading North American transport and logistics company headquartered in Montreal, Quebec. The company operates through a network of subsidiaries that provide truckload, less-than-truckload (LTL), specialized freight, package and courier, and logistics services. By integrating these operations, TFI delivers comprehensive end-to-end solutions, including long-haul and regional transportation, expedited delivery, warehousing, and cross-border freight movement.

Originally founded in 1957 as a regional trucking outfit in Cabano, Quebec, TFI International has expanded significantly through a disciplined acquisition strategy.