Russell Investments Group Ltd. Lowers Position in TFI International Inc. $TFII

Russell Investments Group Ltd. trimmed its stake in TFI International Inc. (NYSE:TFII) by 47.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,724 shares of the company’s stock after selling 20,687 shares during the quarter. Russell Investments Group Ltd.’s holdings in TFI International were worth $1,759,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of TFII. Sumitomo Mitsui Trust Group Inc. lifted its position in TFI International by 4.2% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,012 shares of the company’s stock valued at $698,000 after buying an additional 363 shares in the last quarter. Baskin Financial Services Inc. lifted its position in TFI International by 1.2% during the first quarter. Baskin Financial Services Inc. now owns 413,366 shares of the company’s stock valued at $32,002,000 after buying an additional 5,092 shares in the last quarter. QV Investors Inc. lifted its position in TFI International by 60.6% during the first quarter. QV Investors Inc. now owns 350,096 shares of the company’s stock valued at $27,103,000 after buying an additional 132,166 shares in the last quarter. Canoe Financial LP lifted its position in TFI International by 168.5% during the first quarter. Canoe Financial LP now owns 36,857 shares of the company’s stock valued at $2,854,000 after buying an additional 23,131 shares in the last quarter. Finally, Entropy Technologies LP lifted its position in TFI International by 46.9% during the first quarter. Entropy Technologies LP now owns 13,656 shares of the company’s stock valued at $1,058,000 after buying an additional 4,361 shares in the last quarter. 73.30% of the stock is currently owned by hedge funds and other institutional investors.

TFI International Stock Down 0.5%

Shares of NYSE:TFII opened at $94.14 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 1.03 and a debt-to-equity ratio of 0.88. The company has a fifty day simple moving average of $90.21 and a 200 day simple moving average of $88.75. The firm has a market cap of $7.77 billion, a PE ratio of 21.59, a price-to-earnings-growth ratio of 3.27 and a beta of 1.43. TFI International Inc. has a 12-month low of $72.02 and a 12-month high of $155.12.

TFI International (NYSE:TFII) last issued its quarterly earnings results on Monday, July 28th. The company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.10. TFI International had a net margin of 4.48% and a return on equity of 15.45%. The business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.49 billion. On average, equities research analysts anticipate that TFI International Inc. will post 7.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TFII has been the topic of a number of recent research reports. Bank of America lifted their price target on shares of TFI International from $90.00 to $92.00 and gave the company an “underperform” rating in a research report on Tuesday, July 29th. Scotiabank cut shares of TFI International from a “sector outperform” rating to a “sector perform” rating in a research report on Thursday, July 10th. Susquehanna lifted their price target on shares of TFI International from $100.00 to $105.00 and gave the company a “positive” rating in a research report on Wednesday, June 18th. Cormark cut shares of TFI International from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, July 29th. Finally, Citigroup set a $108.00 price target on shares of TFI International and gave the company a “buy” rating in a research report on Tuesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, TFI International has a consensus rating of “Moderate Buy” and an average target price of $117.13.

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.