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 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. Currently, 1.1% of the company’s shares are sold short.

TFI International Stock Performance

Shares of NYSE TFII traded down $0.13 during midday trading on Wednesday, reaching $83.11. The company’s stock had a trading volume of 759,301 shares, compared to its average volume of 277,724. TFI International has a 12-month low of $80.19 and a 12-month high of $162.13. The firm has a 50 day moving average price of $115.26 and a 200-day moving average price of $132.76. The stock has a market capitalization of $7.00 billion, a P/E ratio of 16.62, a PEG ratio of 1.11 and a beta of 1.62. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.03 and a quick ratio of 0.96.

TFI International (NYSE:TFII) last announced its earnings results on Wednesday, February 19th. The company reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.40). TFI International had a return on equity of 18.40% and a net margin of 5.08%. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $1.54 billion. As a group, equities analysts predict that TFI International will post 7.76 earnings per share for the current year.

TFI International Announces Dividend

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 paid a $0.45 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.80 annualized dividend and a yield of 2.17%. TFI International’s payout ratio is 36.00%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TFII. CIBC lowered their price objective on TFI International from $160.00 to $141.00 and set an “outperformer” rating for the company in a research report on Friday, February 21st. Royal Bank of Canada decreased their target price on TFI International from $156.00 to $127.00 and set an “outperform” rating for the company in a research report on Friday, February 21st. UBS Group lowered 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. Susquehanna decreased their target price on TFI International from $170.00 to $135.00 and set a “positive” rating for the company in a research report on Monday, March 3rd. Finally, Bank of America downgraded TFI International from a “neutral” rating to an “underperform” rating in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, TFI International presently has a consensus rating of “Hold” and a consensus target price of $148.93.

Hedge Funds Weigh In On TFI International

Institutional investors have recently bought and sold shares of the company. Brown Brothers Harriman & Co. lifted its stake in TFI International by 124.8% in the fourth quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company’s stock valued at $32,000 after purchasing an additional 131 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in TFI International by 40.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company’s stock valued at $74,000 after purchasing an additional 160 shares during the last quarter. Entropy Technologies LP lifted its stake in TFI International by 97.8% in the fourth quarter. Entropy Technologies LP now owns 9,295 shares of the company’s stock valued at $1,256,000 after purchasing an additional 4,595 shares during the last quarter. Legato Capital Management LLC lifted its stake in TFI International by 8.9% in the fourth quarter. Legato Capital Management LLC now owns 10,468 shares of the company’s stock valued at $1,414,000 after purchasing an additional 859 shares during the last quarter. Finally, Canoe Financial LP bought a new stake in TFI International during the 4th quarter valued at $1,853,000. Hedge funds and other institutional investors own 73.30% of the company’s stock.

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.