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

TFI International Inc. (NYSE:TFIIGet Free Report) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totalling 420,500 shares, a decline of 16.7% from the April 30th total of 504,500 shares. Based on an average daily trading volume, of 265,600 shares, the short-interest ratio is currently 1.6 days. Approximately 0.5% of the shares of the company are short sold.

TFI International Stock Up 0.3 %

Shares of NYSE:TFII opened at $132.28 on Friday. TFI International has a one year low of $102.94 and a one year high of $162.13. The firm has a fifty day moving average price of $143.65 and a two-hundred day moving average price of $137.32. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.66 and a quick ratio of 1.64. The company has a market cap of $11.19 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 1.40 and a beta of 1.57.

TFI International (NYSE:TFIIGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.15). TFI International had a net margin of 6.44% and a return on equity of 20.39%. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.89 billion. Analysts anticipate that TFI International will post 6.83 EPS for the current fiscal year.

TFI International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.40 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.60 annualized dividend and a yield of 1.21%. TFI International’s payout ratio is 28.42%.

Hedge Funds Weigh In On TFI International

Several institutional investors and hedge funds have recently added to or reduced their stakes in TFII. Barometer Capital Management Inc. bought a new stake in TFI International during the third quarter worth about $1,677,000. Van ECK Associates Corp grew its stake in shares of TFI International by 3.4% in the 3rd quarter. Van ECK Associates Corp now owns 10,306 shares of the company’s stock worth $1,324,000 after buying an additional 343 shares during the last quarter. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of TFI International in the 3rd quarter worth approximately $27,000. Sumitomo Mitsui Trust Holdings Inc. increased its position in TFI International by 2.5% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 171,301 shares of the company’s stock valued at $23,378,000 after buying an additional 4,113 shares in the last quarter. Finally, Canoe Financial LP increased its holdings in shares of TFI International by 3.9% during the fourth quarter. Canoe Financial LP now owns 24,549 shares of the company’s stock valued at $3,339,000 after acquiring an additional 918 shares in the last quarter. Hedge funds and other institutional investors own 73.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on TFII shares. BMO Capital Markets boosted their price target on TFI International from $130.00 to $140.00 and gave the company a “market perform” rating in a research note on Monday, February 12th. Morgan Stanley upped their target price on shares of TFI International from $169.00 to $176.00 and gave the company an “overweight” rating in a research note on Monday, February 12th. National Bank Financial upgraded TFI International from a “sector perform under weight” rating to an “outperfrom under weight” rating in a report on Friday, April 26th. Bank of America boosted their target price on shares of TFI International from $154.00 to $166.00 and gave the stock a “neutral” rating in a report on Monday, April 15th. Finally, Royal Bank of Canada reduced their price objective on shares of TFI International from $173.00 to $162.00 and set an “outperform” rating for the company in a research report on Monday, April 29th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, TFI International currently has an average rating of “Moderate Buy” and an average price target of $160.78.

Get Our Latest Analysis on TFI International

About TFI International

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for TFI International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TFI International and related companies with MarketBeat.com's FREE daily email newsletter.