Quantbot Technologies LP Sells 13,460 Shares of TFI International Inc. (NYSE:TFII)

Quantbot Technologies LP cut its holdings in shares of TFI International Inc. (NYSE:TFII) by 62.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,024 shares of the company’s stock after selling 13,460 shares during the period. Quantbot Technologies LP’s holdings in TFI International were worth $1,084,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TFII. Entropy Technologies LP lifted its holdings in shares of TFI International by 97.8% during the 4th quarter. Entropy Technologies LP now owns 9,295 shares of the company’s stock valued at $1,256,000 after buying an additional 4,595 shares during the period. Legato Capital Management LLC boosted its holdings in shares of TFI International by 8.9% in the fourth quarter. Legato Capital Management LLC now owns 10,468 shares of the company’s stock worth $1,414,000 after buying an additional 859 shares during the last quarter. Canoe Financial LP bought a new position in TFI International in the fourth quarter worth approximately $1,853,000. Public Employees Retirement System of Ohio purchased a new position in shares of TFI International during the 3rd quarter worth $2,373,000. Finally, iA Global Asset Management Inc. grew its position in shares of TFI International by 1,894.5% during the 3rd quarter. iA Global Asset Management Inc. now owns 32,910 shares of the company’s stock valued at $4,505,000 after acquiring an additional 31,260 shares during the period. 73.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TFII has been the topic of a number of recent research reports. UBS Group cut TFI International from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $163.00 to $107.00 in a report on Friday, February 21st. Susquehanna decreased their price objective on TFI International from $170.00 to $135.00 and set a “positive” rating on the stock in a research note on Monday, March 3rd. The Goldman Sachs Group cut their price objective on TFI International from $176.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, February 21st. CIBC decreased their target price on shares of TFI International from $160.00 to $141.00 and set an “outperformer” rating on the stock in a research note on Friday, February 21st. Finally, Veritas upgraded shares of TFI International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $148.93.

TFI International Stock Down 0.5 %

TFII opened at $83.80 on Wednesday. The company has a market capitalization of $7.05 billion, a PE ratio of 16.76, a price-to-earnings-growth ratio of 1.11 and a beta of 1.62. The firm has a 50-day simple moving average of $110.23 and a two-hundred day simple moving average of $130.61. 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 Inc. has a 52 week low of $80.19 and a 52 week high of $162.13.

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

TFI International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.45 per share. The ex-dividend date is Monday, March 31st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.15%. TFI International’s dividend payout ratio is currently 36.00%.

About TFI International

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.