TFI International Inc. (NYSE:TFII) Short Interest Update

TFI International Inc. (NYSE:TFII) saw a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 840,400 shares, a decline of 20.7% from the February 13th total of 1,060,000 shares. Based on an average trading volume of 368,000 shares, the short-interest ratio is presently 2.3 days. Approximately 1.1% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Stifel Nicolaus dropped their price objective on shares of TFI International from $147.00 to $120.00 and set a “hold” rating for the company in a report on Friday, February 21st. The Goldman Sachs Group cut their price target on TFI International from $176.00 to $150.00 and set a “buy” rating for the company in a report on Friday, February 21st. Royal Bank of Canada decreased their price objective on TFI International from $156.00 to $127.00 and set an “outperform” rating on the stock in a report on Friday, February 21st. Bank of America lowered shares of TFI International from a “neutral” rating to an “underperform” rating in a report on Thursday, February 20th. Finally, UBS Group downgraded shares of TFI International from a “buy” rating to a “neutral” rating and decreased their price target for the company from $163.00 to $107.00 in a research note on Friday, February 21st. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, TFI International presently has an average rating of “Hold” and a consensus price target of $148.93.

Institutional Trading of TFI International

A number of large investors have recently made changes to their positions in TFII. Brown Brothers Harriman & Co. lifted its holdings in TFI International by 124.8% during the 4th quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company’s stock valued at $32,000 after buying an additional 131 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake in TFI International by 40.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company’s stock worth $74,000 after acquiring an additional 160 shares in the last quarter. Entropy Technologies LP increased its position in shares of TFI International by 97.8% during the fourth quarter. Entropy Technologies LP now owns 9,295 shares of the company’s stock worth $1,256,000 after acquiring an additional 4,595 shares during the period. Legato Capital Management LLC increased its holdings in TFI International by 8.9% during the 4th quarter. Legato Capital Management LLC now owns 10,468 shares of the company’s stock worth $1,414,000 after purchasing an additional 859 shares during the period. Finally, Canoe Financial LP bought a new stake in TFI International during the 4th quarter valued at $1,853,000. 73.30% of the stock is owned by hedge funds and other institutional investors.

TFI International Trading Down 0.0 %

NYSE:TFII traded down $0.01 during mid-day trading on Tuesday, hitting $83.24. 501,329 shares of the stock traded hands, compared to its average volume of 275,927. The company has a quick ratio of 0.96, a current ratio of 1.03 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $7.01 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 1.11 and a beta of 1.62. TFI International has a 52 week low of $80.19 and a 52 week high of $162.13. The firm’s 50 day moving average is $115.26 and its two-hundred day moving average is $132.76.

TFI International (NYSE:TFII) last issued 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). TFI International had a return on equity of 18.40% and a net margin of 5.08%. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $1.54 billion. On average, equities research analysts predict that TFI International will post 7.76 earnings per share for the current year.

TFI International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.80 annualized dividend and a dividend yield of 2.16%. TFI International’s dividend payout ratio (DPR) is 36.00%.

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.