TFI International (NYSE:TFII) Stock Price Down 7.1%

Shares of TFI International Inc. (NYSE:TFII) were down 7.1% during mid-day trading on Wednesday . The company traded as low as $141.40 and last traded at $143.66. Approximately 502,129 shares were traded during trading, an increase of 89% from the average daily volume of 266,254 shares. The stock had previously closed at $154.64.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on TFII shares. Morgan Stanley upped their target price on shares of TFI International from $169.00 to $176.00 and gave the stock an “overweight” rating in a research report on Monday, February 12th. BMO Capital Markets increased their price objective on shares of TFI International from $130.00 to $140.00 and gave the company a “market perform” rating in a report on Monday, February 12th. The Goldman Sachs Group increased their price objective on shares of TFI International from $157.00 to $173.00 and gave the company a “buy” rating in a report on Thursday, April 11th. JPMorgan Chase & Co. cut their price objective on shares of TFI International from $133.00 to $132.00 and set an “overweight” rating on the stock in a report on Thursday, December 21st. Finally, CIBC increased their price objective on shares of TFI International from $167.00 to $175.00 and gave the company an “outperformer” rating in a report on Tuesday, April 2nd. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $159.83.

TFI International Price Performance

The company’s 50-day moving average price is $151.95 and its 200-day moving average price is $133.33. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.25 and a quick ratio of 1.23. The company has a market cap of $12.09 billion, a P/E ratio of 24.38, a P/E/G ratio of 1.48 and a beta of 1.52.

TFI International (NYSE:TFII) last issued its quarterly earnings data on Friday, February 9th. The company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.04. TFI International had a net margin of 6.71% and a return on equity of 20.92%. The company had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the prior year, the firm earned $1.72 earnings per share. The firm’s revenue was up .6% compared to the same quarter last year. As a group, sell-side analysts predict that TFI International Inc. will post 7.49 earnings per share for the current fiscal year.

TFI International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.12%. The ex-dividend date was Wednesday, March 27th. TFI International’s dividend payout ratio is 27.54%.

Institutional Investors Weigh In On TFI International

Several large investors have recently made changes to their positions in the stock. Sumitomo Mitsui Trust Holdings Inc. grew its position in TFI International by 1.7% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 174,215 shares of the company’s stock valued at $27,798,000 after purchasing an additional 2,914 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in TFI International in the first quarter valued at $42,583,000. Weiss Multi Strategy Advisers LLC grew its position in TFI International by 38.1% in the fourth quarter. Weiss Multi Strategy Advisers LLC now owns 36,000 shares of the company’s stock valued at $4,895,000 after purchasing an additional 9,930 shares in the last quarter. Argent Capital Management LLC grew its position in TFI International by 2.5% in the fourth quarter. Argent Capital Management LLC now owns 20,313 shares of the company’s stock valued at $2,762,000 after purchasing an additional 494 shares in the last quarter. Finally, CDAM UK Ltd grew its position in TFI International by 6.9% in the fourth quarter. CDAM UK Ltd now owns 381,912 shares of the company’s stock valued at $51,932,000 after purchasing an additional 24,730 shares in 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.