Quantbot Technologies LP Has $2.94 Million Holdings in TFI International Inc. (NYSE:TFII)

Quantbot Technologies LP grew its stake in shares of TFI International Inc. (NYSE:TFII - Free Report) by 295.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,484 shares of the company's stock after buying an additional 16,047 shares during the quarter. Quantbot Technologies LP's holdings in TFI International were worth $2,941,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Plato Investment Management Ltd acquired a new position in TFI International during the third quarter worth about $134,000. NewGen Asset Management Ltd raised its holdings in shares of TFI International by 5.3% in the 2nd quarter. NewGen Asset Management Ltd now owns 20,000 shares of the company's stock worth $2,903,000 after purchasing an additional 1,000 shares in the last quarter. iA Global Asset Management Inc. acquired a new stake in TFI International during the second quarter valued at approximately $240,000. Dixon Mitchell Investment Counsel Inc. boosted its holdings in TFI International by 0.4% during the third quarter. Dixon Mitchell Investment Counsel Inc. now owns 539,815 shares of the company's stock worth $74,242,000 after buying an additional 1,980 shares in the last quarter. Finally, Summit Global Investments grew its position in TFI International by 83.7% in the second quarter. Summit Global Investments now owns 6,610 shares of the company's stock worth $959,000 after buying an additional 3,012 shares during the last quarter. 73.30% of the stock is owned by institutional investors and hedge funds.

TFI International Stock Down 1.2 %

Shares of NYSE TFII traded down $1.86 during trading hours on Thursday, hitting $147.37. The stock had a trading volume of 119,312 shares, compared to its average volume of 261,268. The company has a market capitalization of $12.47 billion, a P/E ratio of 26.79, a P/E/G ratio of 1.93 and a beta of 1.55. The firm's 50-day moving average price is $140.56 and its two-hundred day moving average price is $142.69. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.96 and a current ratio of 0.98. TFI International Inc. has a 52 week low of $111.72 and a 52 week high of $162.13.

TFI International (NYSE:TFII - Get Free Report) last posted its earnings results on Monday, October 21st. The company reported $1.60 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.19). The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.28 billion. TFI International had a return on equity of 20.25% and a net margin of 5.67%. During the same period in the prior year, the firm earned $1.57 earnings per share. Analysts anticipate that TFI International Inc. will post 6.26 EPS for the current fiscal year.

TFI International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.22%. This is an increase from TFI International's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Tuesday, December 31st. TFI International's dividend payout ratio is presently 32.73%.

Analyst Upgrades and Downgrades

TFII has been the subject of a number of recent research reports. National Bankshares cut their price objective on TFI International from $209.00 to $198.00 and set a "sector perform" rating for the company in a research report on Wednesday, October 23rd. Desjardins reduced their target price on TFI International from $209.00 to $204.00 and set a "hold" rating for the company in a report on Wednesday, October 23rd. The Goldman Sachs Group dropped their price target on TFI International from $189.00 to $184.00 and set a "buy" rating on the stock in a research note on Wednesday, October 9th. Royal Bank of Canada reduced their price objective on shares of TFI International from $167.00 to $160.00 and set an "outperform" rating for the company in a research note on Wednesday, October 23rd. Finally, Stifel Nicolaus downgraded shares of TFI International from a "buy" rating to a "hold" rating and dropped their target price for the stock from $158.00 to $142.00 in a research report on Wednesday, October 23rd. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, TFI International presently has a consensus rating of "Moderate Buy" and a consensus price target of $168.56.

About TFI International

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.