TFI International Inc. (NYSE:TFII) Short Interest Down 20.7% in February

TFI International Inc. (NYSE:TFII) was the recipient of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 840,400 shares, a drop 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 currently 2.3 days. Approximately 1.1% of the shares of the stock are sold short.

Analysts Set New Price Targets

A number of research firms have commented on TFII. Susquehanna lowered their price objective on TFI International from $170.00 to $135.00 and set a “positive” rating on the stock in a research note on Monday, March 3rd. The Goldman Sachs Group reduced their target price on TFI International from $176.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Desjardins raised TFI International from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Citigroup reduced their target price on TFI International from $162.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, February 25th. Finally, Stephens reduced their target price on TFI International from $138.00 to $110.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $148.93.

TFI International Trading Down 0.2 %

NYSE:TFII traded down $0.13 during trading hours on Wednesday, hitting $83.11. 759,301 shares of the company were exchanged, compared to its average volume of 277,724. The stock has a market capitalization of $7.00 billion, a price-to-earnings ratio of 16.62, a price-to-earnings-growth ratio of 1.11 and a beta of 1.62. The company has a current ratio of 1.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.86. TFI International has a one year low of $80.19 and a one year high of $162.13. The company has a fifty day simple moving average of $115.26 and a 200 day simple moving average of $132.76.

TFI International (NYSE:TFII) last announced its earnings results on Wednesday, February 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.40). The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $1.54 billion. TFI International had a return on equity of 18.40% and a net margin of 5.08%. Sell-side analysts expect that TFI International will post 7.76 EPS for the current fiscal year.

TFI International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.17%. The ex-dividend date is Monday, March 31st. TFI International’s dividend payout ratio is currently 36.00%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Brown Brothers Harriman & Co. raised its position in TFI International by 124.8% during the 4th quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company’s stock worth $32,000 after purchasing an additional 131 shares during the last quarter. CIBC Private Wealth Group LLC raised its position in shares of 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 raised its position in shares of TFI International by 97.8% in the 4th 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 in the last quarter. Legato Capital Management LLC raised its position in shares of TFI International by 8.9% in the 4th 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 in the last quarter. Finally, Canoe Financial LP bought a new position in shares of TFI International in the 4th quarter worth about $1,853,000. 73.30% of the stock is owned by institutional investors.

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.