Traders Buy Large Volume of TFI International Call Options (NYSE:TFII)

TFI International Inc. (NYSE:TFII) was the target of unusually large options trading activity on Tuesday. Traders bought 13,800 call options on the company. This represents an increase of 17,368% compared to the average daily volume of 79 call options.

Hedge Funds Weigh In On TFI International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TFII. Flow Traders U.S. LLC purchased a new stake in shares of TFI International during the 3rd quarter valued at approximately $207,000. Twin Tree Management LP lifted its holdings in TFI International by 6.5% during the 3rd quarter. Twin Tree Management LP now owns 16,527 shares of the company’s stock worth $1,455,000 after purchasing an additional 1,013 shares in the last quarter. FourThought Financial Partners LLC bought a new position in TFI International in the 3rd quarter worth about $245,000. Dixon Mitchell Investment Counsel Inc. increased its position in shares of TFI International by 11.5% during the third quarter. Dixon Mitchell Investment Counsel Inc. now owns 912,039 shares of the company’s stock valued at $80,718,000 after buying an additional 93,705 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in shares of TFI International by 34.9% in the third quarter. Russell Investments Group Ltd. now owns 27,623 shares of the company’s stock worth $2,432,000 after buying an additional 7,150 shares in the last quarter. Institutional investors own 73.30% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Royal Bank Of Canada increased their price target on TFI International from $102.00 to $125.00 and gave the stock an “outperform” rating in a report on Monday, December 22nd. Citigroup dropped their price objective on shares of TFI International from $110.00 to $106.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. UBS Group boosted their target price on shares of TFI International from $90.00 to $102.00 and gave the stock a “neutral” rating in a research report on Friday, October 3rd. Morgan Stanley restated an “overweight” rating and issued a $160.00 target price on shares of TFI International in a report on Monday, December 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of TFI International in a research note on Monday. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $113.40.

TFI International Price Performance

Shares of NYSE TFII opened at $104.66 on Wednesday. The company has a market capitalization of $8.59 billion, a PE ratio of 26.97, a PEG ratio of 6.08 and a beta of 1.50. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.88. The stock’s 50 day moving average price is $93.45 and its 200-day moving average price is $92.05. TFI International has a twelve month low of $72.02 and a twelve month high of $140.35.

TFI International (NYSE:TFII) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. TFI International had a return on equity of 14.20% and a net margin of 4.06%.The company had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.49 billion. On average, equities analysts anticipate that TFI International will post 7.76 EPS for the current year.

TFI International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 1.8%. This is a positive change from TFI International’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Wednesday, December 31st. TFI International’s dividend payout ratio is currently 48.45%.

TFI International Company Profile

TFI International Inc (NYSE: TFII) is a leading North American transport and logistics company headquartered in Montreal, Quebec. The company operates through a network of subsidiaries that provide truckload, less-than-truckload (LTL), specialized freight, package and courier, and logistics services. By integrating these operations, TFI delivers comprehensive end-to-end solutions, including long-haul and regional transportation, expedited delivery, warehousing, and cross-border freight movement.

Originally founded in 1957 as a regional trucking outfit in Cabano, Quebec, TFI International has expanded significantly through a disciplined acquisition strategy.