TFI International Inc. (NYSE:TFII) Sees Significant Decrease in Short Interest

TFI International Inc. (NYSE:TFII) was the recipient of a significant drop in short interest in February. As of February 28th, there was short interest totalling 840,400 shares, a drop of 20.7% from the February 13th total of 1,060,000 shares. Approximately 1.1% of the company’s stock are short sold. Based on an average trading volume of 368,000 shares, the days-to-cover ratio is currently 2.3 days.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TFII. Stifel Nicolaus dropped their price target on shares of TFI International from $147.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, February 21st. Susquehanna cut their price target on shares of TFI International from $170.00 to $135.00 and set a “positive” rating on the stock in a report on Monday, March 3rd. UBS Group lowered shares of TFI International from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $163.00 to $107.00 in a report on Friday, February 21st. Royal Bank of Canada cut their target price on TFI International from $156.00 to $127.00 and set an “outperform” rating on the stock in a research note on Friday, February 21st. Finally, Desjardins raised TFI International from a “hold” rating to a “buy” rating in a report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, TFI International has a consensus rating of “Hold” and a consensus target price of $148.93.

TFI International Stock Performance

Shares of NYSE:TFII traded down $0.01 during trading on Tuesday, hitting $83.24. The company’s stock had a trading volume of 501,329 shares, compared to its average volume of 275,927. The company has a 50-day moving average of $115.26 and a 200-day moving average of $132.76. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.03 and a quick ratio of 0.96. The firm has a market cap of $7.01 billion, a price-to-earnings ratio of 16.65, a P/E/G ratio of 1.11 and a beta of 1.62. TFI International has a 12 month low of $80.19 and a 12 month high of $162.13.

TFI International (NYSE:TFII) last released its quarterly earnings results on Wednesday, February 19th. The company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.40). The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $1.54 billion. TFI International had a return on equity of 18.40% and a net margin of 5.08%. On average, sell-side analysts expect that TFI International will post 7.76 earnings per share for the current year.

TFI International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.16%. The ex-dividend date is Monday, March 31st. TFI International’s dividend payout ratio is presently 36.00%.

Institutional Investors Weigh In On TFI International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quantbot Technologies LP boosted its position in shares of TFI International by 295.1% in the third quarter. Quantbot Technologies LP now owns 21,484 shares of the company’s stock worth $2,941,000 after purchasing an additional 16,047 shares during the period. iA Global Asset Management Inc. boosted its stake in shares of TFI International by 1,894.5% in the third quarter. iA Global Asset Management Inc. now owns 32,910 shares of the company’s stock worth $4,505,000 after acquiring an additional 31,260 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of TFI International during the third quarter worth about $2,373,000. Geode Capital Management LLC raised its stake in TFI International by 6.8% during the 3rd quarter. Geode Capital Management LLC now owns 356,808 shares of the company’s stock valued at $49,288,000 after purchasing an additional 22,566 shares during the period. Finally, Toronto Dominion Bank lifted its holdings in TFI International by 37.9% in the 3rd quarter. Toronto Dominion Bank now owns 60,112 shares of the company’s stock worth $8,229,000 after purchasing an additional 16,510 shares in the last quarter. Institutional investors own 73.30% of the company’s stock.

TFI International Company Profile

TFI International Inc, together with its subsidiaries, provides transportation and logistics services in the United States and Canada. 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 in North America.