TFI International Sees Unusually Large Options Volume (NYSE:TFII)

TFI International Inc. (NYSE:TFII) was the target of some unusual options trading activity on Tuesday. Stock traders purchased 13,800 call options on the stock. This represents an increase of approximately 17,368% compared to the average volume of 79 call options.

Wall Street Analysts Forecast Growth

TFII has been the subject of several research analyst reports. CIBC lifted their price objective on TFI International from $109.00 to $112.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. UBS Group lifted their target price on TFI International from $90.00 to $102.00 and gave the stock a “neutral” rating in a report on Friday, October 3rd. Stifel Nicolaus increased their price target on TFI International from $93.00 to $100.00 and gave the stock a “hold” rating in a report on Tuesday, December 16th. Citigroup lowered their price objective on shares of TFI International from $110.00 to $106.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of TFI International in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, ten have given 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, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $113.40.

TFI International Stock Down 1.2%

Shares of TFII traded down $1.30 during trading hours on Tuesday, reaching $104.66. The stock had a trading volume of 112,578 shares, compared to its average volume of 395,781. The firm has a 50-day simple moving average of $93.27 and a 200 day simple moving average of $91.95. TFI International has a 12 month low of $72.02 and a 12 month high of $140.35. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $8.59 billion, a price-to-earnings ratio of 26.97, a P/E/G ratio of 6.10 and a beta of 1.50.

TFI International (NYSE:TFII) last released its quarterly earnings data on Thursday, October 30th. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.01. The firm had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.49 billion. TFI International had a net margin of 4.06% and a return on equity of 14.20%. Equities research analysts predict that TFI International 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. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.88 dividend on an annualized basis and a yield of 1.8%. This is an increase from TFI International’s previous quarterly dividend of $0.45. TFI International’s dividend payout ratio is presently 46.39%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of TFII. United Services Automobile Association purchased a new position in shares of TFI International in the 1st quarter worth about $217,000. Argent Capital Management LLC boosted its stake in TFI International by 303.4% in 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 during the last quarter. Baskin Financial Services Inc. grew its position in shares of TFI International by 1.6% during the 2nd quarter. Baskin Financial Services Inc. now owns 420,152 shares of the company’s stock valued at $37,711,000 after acquiring an additional 6,786 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of TFI International by 36.2% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 12,275 shares of the company’s stock worth $1,101,000 after purchasing an additional 3,263 shares during the last quarter. Finally, QV Investors Inc. raised its holdings in shares of TFI International by 0.8% in the 2nd quarter. QV Investors Inc. now owns 352,781 shares of the company’s stock worth $31,604,000 after purchasing an additional 2,685 shares during the period. Hedge funds and other institutional investors own 73.30% of the company’s stock.

About TFI International

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.