TFI International (NYSE:TFII) Trading 5.7% Higher – Here’s What Happened

TFI International Inc. (NYSE:TFII)’s stock price was up 5.7% on Friday . The company traded as high as $79.49 and last traded at $80.21. Approximately 523,222 shares traded hands during mid-day trading, an increase of 71% from the average daily volume of 305,507 shares. The stock had previously closed at $75.85.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TFII shares. UBS Group downgraded shares of TFI International from a “buy” rating to a “neutral” rating and decreased their target price for the company from $163.00 to $107.00 in a research report on Friday, February 21st. Stifel Nicolaus lowered their target price on TFI International from $147.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, February 21st. The Goldman Sachs Group decreased their price objective on shares of TFI International from $176.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Desjardins upgraded TFI International from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Finally, TD Cowen lowered their price target on TFI International from $135.00 to $128.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $143.71.

TFI International Stock Performance

The company has a market cap of $6.68 billion, a price-to-earnings ratio of 15.88, a PEG ratio of 1.11 and a beta of 1.57. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.96 and a current ratio of 1.03. The firm’s 50 day simple moving average is $101.28 and its 200-day simple moving average is $127.14.

TFI International (NYSE:TFII) last issued 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). TFI International had a net margin of 5.08% and a return on equity of 18.40%. The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $1.54 billion. On average, sell-side analysts predict that TFI International Inc. will post 7.76 EPS for the current year.

TFI International Dividend Announcement

The company also recently disclosed 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 2.27%. The ex-dividend date is Monday, March 31st. TFI International’s payout ratio is currently 36.00%.

Institutional Trading of TFI International

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

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.