Parallel Advisors LLC Sells 1,516 Shares of TFI International Inc. $TFII

Parallel Advisors LLC reduced its stake in TFI International Inc. (NYSE:TFII) by 48.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,606 shares of the company’s stock after selling 1,516 shares during the period. Parallel Advisors LLC’s holdings in TFI International were worth $144,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of TFII. United Services Automobile Association bought a new position in TFI International in the first quarter worth about $217,000. Sumitomo Mitsui Trust Group Inc. raised its stake in TFI International by 4.2% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,012 shares of the company’s stock worth $698,000 after buying an additional 363 shares in the last quarter. Entropy Technologies LP raised its stake in TFI International by 46.9% in the first quarter. Entropy Technologies LP now owns 13,656 shares of the company’s stock worth $1,058,000 after buying an additional 4,361 shares in the last quarter. Canoe Financial LP raised its stake in TFI International by 168.5% in the first quarter. Canoe Financial LP now owns 36,857 shares of the company’s stock worth $2,854,000 after buying an additional 23,131 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S raised its stake in TFI International by 10.5% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 41,278 shares of the company’s stock worth $3,197,000 after buying an additional 3,925 shares in the last quarter. 73.30% of the stock is owned by institutional investors.

TFI International Stock Up 0.1%

Shares of TFI International stock opened at $93.33 on Wednesday. The company has a market cap of $7.69 billion, a price-to-earnings ratio of 21.40, a price-to-earnings-growth ratio of 3.22 and a beta of 1.47. The company’s 50 day moving average is $91.74 and its 200 day moving average is $87.27. TFI International Inc. has a twelve month low of $72.02 and a twelve month high of $155.12. The company has a quick ratio of 1.03, a current ratio of 1.05 and a debt-to-equity ratio of 0.88.

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

TFI International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a $0.45 dividend. The ex-dividend date is Monday, September 29th. This represents a $1.80 annualized dividend and a yield of 1.9%. TFI International’s dividend payout ratio (DPR) is presently 41.28%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of TFI International from $101.00 to $116.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. TD Cowen cut their price objective on shares of TFI International from $115.00 to $107.00 and set a “buy” rating on the stock in a report on Tuesday, July 29th. UBS Group upped their price objective on shares of TFI International from $88.00 to $90.00 and gave the stock a “neutral” rating in a report on Tuesday, July 29th. Scotiabank cut shares of TFI International from a “sector outperform” rating to a “sector perform” rating in a report on Thursday, July 10th. Finally, Citigroup set a $108.00 price objective on shares of TFI International and gave the stock a “buy” rating in a report on Tuesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, TFI International has a consensus rating of “Moderate Buy” and an average target price of $117.06.

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.