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

TFI International Inc. (NYSE:TFII - Get Free Report) saw a significant decline in short interest in 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. Currently, 1.1% of the shares of the company are short sold. Based on an average daily trading volume, of 368,000 shares, the short-interest ratio is currently 2.3 days.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on TFII shares. Veritas upgraded TFI International from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. Desjardins upgraded TFI International from a "hold" rating to a "buy" rating in a research report on Monday, December 9th. Royal Bank of Canada dropped 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. CIBC reduced their target price on TFI International from $160.00 to $141.00 and set an "outperformer" rating for the company in a research note on Friday, February 21st. Finally, The Goldman Sachs Group dropped their price target on shares of TFI International from $176.00 to $150.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $148.93.

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TFI International Price Performance

TFII traded down $1.42 during trading on Friday, reaching $81.96. The company's stock had a trading volume of 496,528 shares, compared to its average volume of 279,905. The company has a market cap of $6.90 billion, a price-to-earnings ratio of 16.39, a PEG ratio of 1.11 and a beta of 1.62. The firm has a fifty day simple moving average of $113.26 and a two-hundred day simple moving average of $132.07. TFI International has a 1 year low of $80.19 and a 1 year high of $162.13. The company has a quick ratio of 0.96, a current ratio of 1.03 and a debt-to-equity ratio of 0.86.

TFI International (NYSE:TFII - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $1.19 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.40). The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $1.54 billion. TFI International had a net margin of 5.08% and a return on equity of 18.40%. As a group, analysts anticipate that TFI International will post 7.76 EPS for the current year.

TFI International Dividend Announcement

The company also recently declared 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 2.20%. TFI International's payout ratio is 36.00%.

Institutional Investors Weigh In On TFI International

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Brown Brothers Harriman & Co. grew its stake in shares of TFI International by 124.8% in 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 during the period. CIBC Private Wealth Group LLC lifted its holdings in TFI International by 40.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company's stock valued at $74,000 after acquiring an additional 160 shares during the last quarter. Entropy Technologies LP grew its position in TFI International by 97.8% in 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 stake in TFI International by 8.9% during the fourth quarter. Legato Capital Management LLC now owns 10,468 shares of the company's stock worth $1,414,000 after acquiring an additional 859 shares during the last quarter. Finally, Canoe Financial LP purchased a new stake in TFI International in the fourth quarter valued at $1,853,000. 73.30% of the stock is currently owned by institutional investors and hedge funds.

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.