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

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

Several other hedge funds have also recently bought and sold shares of the company. Plato Investment Management Ltd purchased a new stake in TFI International during the 3rd quarter worth about $134,000. iA Global Asset Management Inc. purchased a new stake in TFI International during the 2nd quarter worth about $240,000. Entropy Technologies LP purchased a new stake in TFI International during the 3rd quarter worth about $643,000. Summit Global Investments increased its holdings in TFI International by 83.7% during the 2nd 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 increased its holdings in TFI International by 5.3% during the 2nd 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.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TFII. Desjardins cut their price target on TFI International from $209.00 to $204.00 and set a “hold” rating on the stock in a report on Wednesday, October 23rd. Stifel Nicolaus downgraded TFI International from a “buy” rating to a “hold” rating and dropped their price objective for the company from $158.00 to $142.00 in a report on Wednesday, October 23rd. Citigroup increased their price objective on TFI International from $158.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. TD Cowen dropped their price objective on TFI International from $180.00 to $171.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Finally, The Goldman Sachs Group dropped their price objective on TFI International from $189.00 to $184.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, TFI International presently has an average rating of “Moderate Buy” and a consensus price target of $168.56.

TFI International Stock Performance

TFI International stock opened at $147.37 on Thursday. The company has a market capitalization of $12.47 billion, a price-to-earnings ratio of 26.79, a PEG ratio of 1.93 and a beta of 1.55. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.96 and a current ratio of 0.98. TFI International Inc. has a fifty-two week low of $111.72 and a fifty-two week high of $162.13. The stock has a fifty day moving average of $140.56 and a two-hundred day moving average of $142.66.

TFI International (NYSE:TFII) last announced its quarterly earnings data on Monday, October 21st. The company reported $1.60 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.19). The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.28 billion. TFI International had a net margin of 5.67% and a return on equity of 20.25%. During the same period in the prior year, the firm earned $1.57 EPS. On average, analysts anticipate that TFI International Inc. will post 6.26 EPS for the current fiscal year.

TFI International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.22%. This is an increase from TFI International’s previous quarterly dividend of $0.40. TFI International’s payout ratio is currently 32.73%.

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.