TFI International Inc. (NYSE:TFII) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP grew its holdings in TFI International Inc. (NYSE:TFII) by 295.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,484 shares of the company’s stock after acquiring an additional 16,047 shares during the quarter. Quantbot Technologies LP’s holdings in TFI International were worth $2,941,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of TFII. Plato Investment Management Ltd acquired a new stake in shares of TFI International during the third quarter worth about $134,000. iA Global Asset Management Inc. acquired a new stake in shares of TFI International during the second quarter worth about $240,000. Entropy Technologies LP acquired a new stake in shares of TFI International during the third quarter worth about $643,000. Summit Global Investments lifted its holdings in shares of TFI International by 83.7% during the second quarter. Summit Global Investments now owns 6,610 shares of the company’s stock worth $959,000 after purchasing an additional 3,012 shares during the period. Finally, NewGen Asset Management Ltd lifted its holdings in shares of TFI International by 5.3% during the second quarter. NewGen Asset Management Ltd now owns 20,000 shares of the company’s stock worth $2,903,000 after purchasing an additional 1,000 shares during the period. Institutional investors and hedge funds own 73.30% of the company’s stock.

TFI International Stock Performance

Shares of TFI International stock opened at $147.37 on Thursday. TFI International Inc. has a 52 week low of $111.72 and a 52 week high of $162.13. The business’s fifty day simple moving average is $140.56 and its 200-day simple moving average is $142.66. The firm has a market cap of $12.47 billion, a PE ratio of 26.79, a price-to-earnings-growth ratio of 1.93 and a beta of 1.55. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 0.84.

TFI International (NYSE:TFII) last announced its quarterly earnings results on Monday, October 21st. The company reported $1.60 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.19). TFI International had a net margin of 5.67% and a return on equity of 20.25%. The business had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same period last year, the company earned $1.57 EPS. Equities analysts forecast that TFI International Inc. will post 6.26 earnings per share for the current year.

TFI International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.45 per share. This is a positive change from TFI International’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.80 annualized dividend and a yield of 1.22%. TFI International’s dividend payout ratio is presently 32.73%.

Analyst Ratings Changes

A number of equities research analysts recently commented on TFII shares. Susquehanna decreased their target price on TFI International from $180.00 to $170.00 and set a “positive” rating for the company in a report on Wednesday, October 23rd. National Bankshares reduced their price target on TFI International from $209.00 to $198.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 23rd. TD Cowen reduced their price target on TFI International from $180.00 to $171.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Stifel Nicolaus cut TFI International from a “buy” rating to a “hold” rating and reduced their price target for the company from $158.00 to $142.00 in a research report on Wednesday, October 23rd. Finally, Citigroup lifted their price target on TFI International from $158.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $168.56.

TFI International 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.