TFI International Target of Unusually Large Options Trading (NYSE:TFII)

TFI International Inc. (NYSE:TFII) was the target of unusually large options trading on Tuesday. Stock traders purchased 13,800 call options on the company. This is an increase of 17,368% compared to the typical volume of 79 call options.

Wall Street Analysts Forecast Growth

TFII has been the subject of several research reports. CIBC increased their price target on TFI International from $109.00 to $112.00 and gave the stock an “outperform” rating in a research note on Monday, November 3rd. Citigroup cut their target price on shares of TFI International from $110.00 to $106.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Morgan Stanley reissued an “overweight” rating and issued a $160.00 price target on shares of TFI International in a research report on Monday, December 8th. Weiss Ratings restated a “hold (c)” rating on shares of TFI International in a research note on Monday. Finally, UBS Group lifted their price objective on shares of TFI International from $90.00 to $102.00 and gave the company a “neutral” rating in a research note on Friday, October 3rd. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $113.40.

Hedge Funds Weigh In On TFI International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dixon Mitchell Investment Counsel Inc. raised its stake in shares of TFI International by 44.4% during the second quarter. Dixon Mitchell Investment Counsel Inc. now owns 818,334 shares of the company’s stock worth $73,714,000 after acquiring an additional 251,444 shares in the last quarter. Argent Capital Management LLC grew its holdings in shares of TFI International by 303.4% during the 2nd quarter. Argent Capital Management LLC now owns 142,864 shares of the company’s stock valued at $12,811,000 after purchasing an additional 107,451 shares during the last quarter. Geode Capital Management LLC raised its position in TFI International by 19.1% in the 2nd quarter. Geode Capital Management LLC now owns 632,426 shares of the company’s stock worth $57,214,000 after purchasing an additional 101,218 shares during the period. QV Investors Inc. lifted its stake in TFI International by 25.1% in the third quarter. QV Investors Inc. now owns 441,478 shares of the company’s stock worth $38,862,000 after purchasing an additional 88,697 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its position in TFI International by 104.0% during the second quarter. BNP Paribas Financial Markets now owns 125,737 shares of the company’s stock valued at $11,275,000 after buying an additional 64,108 shares during the period. 73.30% of the stock is currently owned by hedge funds and other institutional investors.

TFI International Price Performance

Shares of TFI International stock traded down $1.30 on Tuesday, reaching $104.66. The stock had a trading volume of 112,578 shares, compared to its average volume of 395,781. The business’s 50 day moving average is $93.27 and its two-hundred day moving average is $91.95. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.88. TFI International has a 1 year low of $72.02 and a 1 year high of $140.35. The company has a market cap of $8.59 billion, a P/E ratio of 26.97, a price-to-earnings-growth ratio of 6.10 and a beta of 1.50.

TFI International (NYSE:TFII) last issued its quarterly earnings data on Thursday, October 30th. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.19 by $0.01. TFI International had a net margin of 4.06% and a return on equity of 14.20%. The company had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.49 billion. As a group, research analysts anticipate that TFI International will post 7.76 EPS for the current year.

TFI International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a $0.47 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This is an increase from TFI International’s previous quarterly dividend of $0.45. This represents a $1.88 annualized dividend and a dividend yield of 1.8%. TFI International’s payout ratio is currently 46.39%.

TFI International Company Profile

TFI International Inc (NYSE: TFII) is a leading North American transport and logistics company headquartered in Montreal, Quebec. The company operates through a network of subsidiaries that provide truckload, less-than-truckload (LTL), specialized freight, package and courier, and logistics services. By integrating these operations, TFI delivers comprehensive end-to-end solutions, including long-haul and regional transportation, expedited delivery, warehousing, and cross-border freight movement.

Originally founded in 1957 as a regional trucking outfit in Cabano, Quebec, TFI International has expanded significantly through a disciplined acquisition strategy.