100,000 Shares in TFI International Inc. (NYSE:TFII) Purchased by Steamboat Capital Partners LLC

Steamboat Capital Partners LLC purchased a new position in TFI International Inc. (NYSE:TFII) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 100,000 shares of the company’s stock, valued at approximately $11,926,000. TFI International makes up 4.0% of Steamboat Capital Partners LLC’s portfolio, making the stock its 8th biggest holding. Steamboat Capital Partners LLC owned about 0.12% of TFI International as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Hood River Capital Management LLC raised its position in TFI International by 4.4% in the first quarter. Hood River Capital Management LLC now owns 571,958 shares of the company’s stock worth $68,229,000 after acquiring an additional 23,971 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in TFI International by 0.3% during the 4th quarter. JPMorgan Chase & Co. now owns 313,511 shares of the company’s stock worth $31,426,000 after buying an additional 868 shares during the period. Geode Capital Management LLC raised its holdings in TFI International by 2.4% during the 1st quarter. Geode Capital Management LLC now owns 253,106 shares of the company’s stock worth $30,240,000 after buying an additional 5,924 shares during the period. Amundi raised its holdings in TFI International by 6.1% during the 4th quarter. Amundi now owns 161,222 shares of the company’s stock worth $17,286,000 after buying an additional 9,262 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in TFI International by 0.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 132,859 shares of the company’s stock worth $12,022,000 after buying an additional 1,208 shares during the period. 60.32% of the stock is currently owned by institutional investors.

TFI International Stock Performance

TFI International stock traded down $0.49 during trading hours on Tuesday, reaching $131.92. 112,886 shares of the company were exchanged, compared to its average volume of 261,236. TFI International Inc. has a 12 month low of $85.86 and a 12 month high of $138.16. 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 market cap of $11.32 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 2.39 and a beta of 1.52. The stock has a 50-day moving average of $126.28 and a 200 day moving average of $117.47.

TFI International (NYSE:TFII) last posted its quarterly earnings data on Monday, July 31st. The company reported $1.59 earnings per share for the quarter, missing the consensus estimate of $1.71 by ($0.12). TFI International had a net margin of 8.15% and a return on equity of 23.85%. The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the prior year, the company posted $2.61 earnings per share. The firm’s revenue was down 26.0% compared to the same quarter last year. As a group, research analysts anticipate that TFI International Inc. will post 6.43 earnings per share for the current year.

TFI International Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Saturday, September 30th will be paid a $0.35 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.06%. TFI International’s payout ratio is 19.44%.

Wall Street Analysts Forecast Growth

TFII has been the topic of several recent analyst reports. Stephens restated an “overweight” rating and set a $145.00 price objective on shares of TFI International in a report on Tuesday, August 1st. Scotiabank boosted their price objective on TFI International from $165.00 to $180.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 2nd. BMO Capital Markets upped their target price on TFI International from $125.00 to $130.00 and gave the company a “market perform” rating in a report on Wednesday, August 2nd. JPMorgan Chase & Co. upped their target price on TFI International from $130.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, August 2nd. Finally, Credit Suisse Group upped their target price on TFI International from $121.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, August 9th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $155.84.

TFI International Company Profile

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.