Quantbot Technologies LP Has $571,000 Stock Position in TFI International Inc. $TFII

Quantbot Technologies LP lowered its position in TFI International Inc. (NYSE:TFII) by 91.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,363 shares of the company’s stock after selling 72,103 shares during the period. Quantbot Technologies LP’s holdings in TFI International were worth $571,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of TFII. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of TFI International by 10.5% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 41,278 shares of the company’s stock worth $3,197,000 after purchasing an additional 3,925 shares in the last quarter. United Services Automobile Association bought a new stake in TFI International during the 1st quarter valued at $217,000. Argent Capital Management LLC raised its holdings in TFI International by 303.4% during the second quarter. Argent Capital Management LLC now owns 142,864 shares of the company’s stock worth $12,811,000 after buying an additional 107,451 shares during the last quarter. Baskin Financial Services Inc. lifted its stake 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 valued at $37,711,000 after buying an additional 6,786 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of TFI International by 36.2% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 12,275 shares of the company’s stock valued at $1,101,000 after buying an additional 3,263 shares during the last quarter. Institutional investors own 73.30% of the company’s stock.

TFI International Stock Up 2.3%

TFII opened at $101.03 on Thursday. TFI International Inc. has a twelve month low of $72.02 and a twelve month high of $155.12. The company’s 50-day moving average price is $89.67 and its two-hundred day moving average price is $90.30. The stock has a market cap of $8.30 billion, a price-to-earnings ratio of 26.04, a PEG ratio of 5.67 and a beta of 1.50. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.88.

TFI International (NYSE:TFII) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.20 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $1.49 billion. As a group, equities analysts expect that TFI International Inc. will post 7.76 earnings per share for the current year.

TFI International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a $0.47 dividend. The ex-dividend date is Wednesday, December 31st. This is a boost from TFI International’s previous quarterly dividend of $0.45. This represents a $1.88 annualized dividend and a dividend yield of 1.9%. TFI International’s dividend payout ratio is presently 46.39%.

Analyst Upgrades and Downgrades

TFII has been the topic of a number of analyst reports. Citigroup lowered their target price on shares of TFI International from $110.00 to $106.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Royal Bank Of Canada lowered their price objective on TFI International from $106.00 to $102.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. Susquehanna dropped their target price on TFI International from $115.00 to $105.00 and set a “positive” rating on the stock in a report on Monday, November 3rd. Morgan Stanley reiterated an “overweight” rating and set a $160.00 price target on shares of TFI International in a report on Monday. Finally, JPMorgan Chase & Co. increased their price target on TFI International from $104.00 to $106.00 and gave the company an “outperform” rating in a research report on Monday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.40.

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.