TFI International (NYSE:TFII) Sees Strong Trading Volume – Here’s Why

TFI International Inc. (NYSE:TFII) shares saw an uptick in trading volume on Tuesday . 381,163 shares traded hands during mid-day trading, an increase of 9% from the previous session’s volume of 349,705 shares.The stock last traded at $89.60 and had previously closed at $87.89.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TFII shares. Citigroup raised their target price on TFI International from $95.00 to $107.00 and gave the company a “buy” rating in a research note on Friday, April 25th. Stifel Nicolaus set a $88.00 price objective on shares of TFI International in a research report on Monday, April 28th. CIBC restated an “outperform” rating on shares of TFI International in a research report on Tuesday, May 20th. TD Cowen cut their price target on TFI International from $128.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Finally, National Bankshares boosted their price objective on TFI International from $132.00 to $138.00 and gave the stock an “outperform” rating in a research report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, TFI International has a consensus rating of “Moderate Buy” and a consensus target price of $121.19.

TFI International Stock Performance

The stock has a market cap of $7.63 billion, a price-to-earnings ratio of 18.28, a price-to-earnings-growth ratio of 1.11 and a beta of 1.49. The company’s 50-day simple moving average is $83.02 and its 200-day simple moving average is $108.03. The company has a quick ratio of 0.96, a current ratio of 1.03 and a debt-to-equity ratio of 0.86.

TFI International (NYSE:TFII) last issued its earnings results on Wednesday, April 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.19). TFI International had a net margin of 5.08% and a return on equity of 18.40%. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.46 billion. Analysts predict that TFI International Inc. will post 7.76 EPS for the current fiscal year.

TFI International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a $0.45 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.80 annualized dividend and a yield of 1.97%. TFI International’s dividend payout ratio is 39.39%.

Institutional Trading of TFI International

A number of hedge funds have recently modified their holdings of the company. Brown Brothers Harriman & Co. increased its stake in shares of 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 buying an additional 131 shares in the last quarter. CIBC Private Wealth Group LLC boosted its holdings in shares of 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 buying an additional 160 shares during the period. United Services Automobile Association acquired a new stake in shares of TFI International in the 1st quarter valued at about $217,000. Sumitomo Mitsui Trust Group Inc. boosted its position in TFI International by 4.2% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,012 shares of the company’s stock worth $698,000 after acquiring an additional 363 shares during the last quarter. Finally, Entropy Technologies LP boosted its stake in shares of TFI International by 46.9% during the 1st quarter. Entropy Technologies LP now owns 13,656 shares of the company’s stock worth $1,058,000 after buying an additional 4,361 shares during the last quarter. 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.