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

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TFII shares. Deutsche Bank Aktiengesellschaft assumed coverage on shares of TFI International in a research note on Monday, January 29th. They set a "buy" rating and a $175.00 target price on the stock. JPMorgan Chase & Co. cut their price target on shares of TFI International from $133.00 to $132.00 and set an "overweight" rating on the stock in a research note on Thursday, December 21st. Stifel Nicolaus upped their price objective on shares of TFI International from $148.00 to $149.00 and gave the company a "buy" rating in a research note on Wednesday, January 10th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $155.00 price objective on shares of TFI International in a report on Monday, February 12th. Finally, Scotiabank upgraded TFI International from a "sector perform" rating to a "sector outperform" rating in a research note on Monday, January 22nd. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, TFI International currently has a consensus rating of "Moderate Buy" and an average target price of $159.83.

TFI International Stock Down 6.7 %

The stock has a fifty day moving average price of $151.95 and a 200-day moving average price of $133.28. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.23 and a current ratio of 1.25. The firm has a market cap of $12.21 billion, a PE ratio of 24.85, a PEG ratio of 4.17 and a beta of 1.52.

TFI International (NYSE:TFII - Get Free Report) last released its quarterly earnings results on Friday, February 9th. The company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.67 by $0.04. The business had revenue of $1.97 billion for the quarter, compared to analysts' expectations of $1.95 billion. TFI International had a return on equity of 20.92% and a net margin of 6.71%. The company's revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.72 earnings per share. Research analysts expect that TFI International Inc. will post 7.49 EPS for the current year.

TFI International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $0.40 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.60 annualized dividend and a dividend yield of 1.11%. TFI International's dividend payout ratio is currently 27.54%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TFII. Weiss Multi Strategy Advisers LLC boosted its holdings in TFI International by 38.1% in the 4th 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 during the period. Argent Capital Management LLC grew its stake in TFI International by 2.5% during the fourth quarter. Argent Capital Management LLC now owns 20,313 shares of the company's stock worth $2,762,000 after buying an additional 494 shares during the last quarter. CDAM UK Ltd increased its holdings in TFI International by 6.9% during the 4th 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. Campbell & CO Investment Adviser LLC increased its stake in shares of TFI International by 67.0% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 3,842 shares of the company's stock valued at $522,000 after buying an additional 1,542 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in TFI International by 2.7% in the 4th quarter. Parallel Advisors LLC now owns 10,625 shares of the company's stock valued at $1,445,000 after acquiring an additional 278 shares in the last quarter. 73.30% of the stock is owned by institutional investors and hedge funds.

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.