Quantbot Technologies LP purchased a new position in shares of TFI International Inc. (NYSE:TFII – Free Report) in the second quarter, HoldingsChannel.com reports. The firm purchased 42,689 shares of the company’s stock, valued at approximately $6,129,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Allworth Financial LP acquired a new position in TFI International in the second quarter valued at $46,000. State of Wyoming acquired a new stake in shares of TFI International during the second quarter worth about $56,000. Versant Capital Management Inc boosted its stake in shares of TFI International by 47.3% during the second quarter. Versant Capital Management Inc now owns 408 shares of the company’s stock worth $59,000 after buying an additional 131 shares during the period. Tacita Capital Inc purchased a new position in shares of TFI International during the second quarter worth about $91,000. Finally, Oslo Pensjonsforsikring AS purchased a new position in shares of TFI International during the first quarter worth about $184,000. 73.30% of the stock is owned by hedge funds and other institutional investors.
TFI International Stock Performance
NYSE TFII opened at $141.51 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.08 and a debt-to-equity ratio of 0.83. The business’s 50 day moving average is $144.95 and its two-hundred day moving average is $133.67. TFI International Inc. has a 12-month low of $80.63 and a 12-month high of $167.69. The stock has a market capitalization of $11.63 billion, a price-to-earnings ratio of 34.77, a PEG ratio of 0.88 and a beta of 1.62.
TFI International Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a $0.47 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $1.88 annualized dividend and a yield of 1.3%. TFI International’s dividend payout ratio is presently 46.19%.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the company. TD boosted their price target on TFI International from $153.00 to $154.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TFI International in a research report on Wednesday, June 24th. Stephens lifted their target price on TFI International from $195.00 to $205.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Susquehanna boosted their target price on TFI International from $182.00 to $185.00 and gave the company a “positive” rating in a report on Tuesday, July 14th. Finally, JPMorgan Chase & Co. upped their price target on TFI International from $164.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $175.76.
Check Out Our Latest Report on TFI International
TFI International 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.
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