Short Interest in TFI International Inc. (NYSE:TFII) Decreases By 20.7%

TFI International Inc. (NYSE:TFII) saw a large 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. Based on an average trading volume of 368,000 shares, the days-to-cover ratio is presently 2.3 days. Approximately 1.1% of the company’s shares are sold short.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on TFII shares. Susquehanna dropped their price objective on shares of TFI International from $170.00 to $135.00 and set a “positive” rating for the company in a report on Monday, March 3rd. Royal Bank of Canada dropped their price target on shares of TFI International from $156.00 to $127.00 and set an “outperform” rating for the company in a research note on Friday, February 21st. The Goldman Sachs Group reduced their price objective on TFI International from $176.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Stephens lowered their target price on TFI International from $138.00 to $110.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 25th. Finally, Bank of America lowered TFI International from a “neutral” rating to an “underperform” rating in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, TFI International currently has a consensus rating of “Hold” and an average target price of $148.93.

Institutional Trading of TFI International

A number of hedge funds and other institutional investors have recently made changes to their positions in TFII. Baillie Gifford & Co. acquired a new position in shares of TFI International in the 4th quarter valued at $148,623,000. Geode Capital Management LLC grew its position in TFI International by 31.5% during the 4th quarter. Geode Capital Management LLC now owns 469,263 shares of the company’s stock worth $64,345,000 after purchasing an additional 112,455 shares during the last quarter. CDAM UK Ltd increased its stake in TFI International by 2.5% in the fourth quarter. CDAM UK Ltd now owns 381,102 shares of the company’s stock valued at $51,483,000 after purchasing an additional 9,200 shares during the period. Amundi raised its holdings in shares of TFI International by 2.4% in the fourth quarter. Amundi now owns 181,202 shares of the company’s stock valued at $24,134,000 after buying an additional 4,266 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of TFI International by 6.4% during the fourth quarter. Bank of New York Mellon Corp now owns 78,621 shares of the company’s stock worth $10,621,000 after buying an additional 4,763 shares during the period. Institutional investors and hedge funds own 73.30% of the company’s stock.

TFI International Stock Up 0.8 %

TFII stock opened at $82.52 on Monday. The stock has a market cap of $6.95 billion, a P/E ratio of 16.50, a PEG 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 twelve month low of $80.19 and a twelve month high of $162.13. The company’s 50 day moving average is $117.33 and its two-hundred day moving average is $133.68.

TFI International (NYSE:TFII) last announced 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). TFI International had a return on equity of 18.40% and a net margin of 5.08%. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $1.54 billion. Research analysts expect that TFI International will post 7.76 earnings per share for the current fiscal year.

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.