Quantbot Technologies LP Reduces Stock Position in TFI International Inc. $TFII

Quantbot Technologies LP cut its stake in TFI International Inc. (NYSE:TFII) by 91.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 6,363 shares of the company’s stock after selling 72,103 shares during the quarter. Quantbot Technologies LP’s holdings in TFI International were worth $571,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Dixon Mitchell Investment Counsel Inc. boosted its stake in TFI International by 44.4% in the 2nd quarter. Dixon Mitchell Investment Counsel Inc. now owns 818,334 shares of the company’s stock worth $73,714,000 after purchasing an additional 251,444 shares during the period. Geode Capital Management LLC lifted its holdings in shares of TFI International by 19.1% in the second quarter. Geode Capital Management LLC now owns 632,426 shares of the company’s stock worth $57,214,000 after buying an additional 101,218 shares in the last quarter. Baskin Financial Services Inc. lifted its holdings in shares of TFI International by 1.6% in the second quarter. Baskin Financial Services Inc. now owns 420,152 shares of the company’s stock worth $37,711,000 after buying an additional 6,786 shares in the last quarter. QV Investors Inc. boosted its position in shares of TFI International by 0.8% in the second quarter. QV Investors Inc. now owns 352,781 shares of the company’s stock valued at $31,604,000 after acquiring an additional 2,685 shares during the period. Finally, Argent Capital Management LLC grew its stake in TFI International by 303.4% during the second quarter. Argent Capital Management LLC now owns 142,864 shares of the company’s stock valued at $12,811,000 after acquiring an additional 107,451 shares in the last quarter. 73.30% of the stock is currently owned by institutional investors.

TFI International Stock Up 2.3%

Shares of TFII opened at $101.03 on Thursday. TFI International Inc. has a 1 year low of $72.02 and a 1 year high of $155.12. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.06 and a quick ratio of 1.05. The stock has a 50 day simple moving average of $89.67 and a two-hundred day simple moving average of $90.30. The firm has a market cap of $8.30 billion, a P/E ratio of 26.04, a P/E/G ratio of 5.67 and a beta of 1.50.

TFI International (NYSE:TFII) last announced its quarterly earnings data on Thursday, October 30th. The company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.01. TFI International had a net margin of 4.06% and a return on equity of 14.20%. The firm had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.49 billion. On average, analysts forecast that TFI International Inc. will post 7.76 earnings per share for the current fiscal year.

TFI International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.9%. This is an increase from TFI International’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Wednesday, December 31st. TFI International’s payout ratio is 46.39%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TFII. JPMorgan Chase & Co. upped their target price on shares of TFI International from $104.00 to $106.00 and gave the stock an “outperform” rating in a report on Monday, November 3rd. Stifel Nicolaus decreased their price target on shares of TFI International from $94.00 to $93.00 and set a “hold” rating on the stock in a report on Tuesday, November 4th. CIBC lifted their price objective on TFI International from $109.00 to $112.00 and gave the company an “outperform” rating in a research note on Monday, November 3rd. Morgan Stanley restated an “overweight” rating and set a $160.00 target price on shares of TFI International in a research report on Monday. Finally, Zacks Research cut TFI International from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, TFI International currently has a consensus rating of “Moderate Buy” and an average price target of $111.40.

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.