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

Parallel Advisors LLC cut its holdings in TFI International Inc. (NYSE:TFII) by 48.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. QV Investors Inc. raised its position in shares of TFI International by 60.6% during the 1st quarter. QV Investors Inc. now owns 350,096 shares of the company’s stock valued at $27,103,000 after purchasing an additional 132,166 shares during the period. Quantbot Technologies LP raised its position in shares of TFI International by 877.9% during the 1st quarter. Quantbot Technologies LP now owns 78,466 shares of the company’s stock valued at $6,077,000 after purchasing an additional 70,442 shares during the period. Canoe Financial LP raised its position in shares of TFI International by 168.5% during the 1st quarter. Canoe Financial LP now owns 36,857 shares of the company’s stock valued at $2,854,000 after purchasing an additional 23,131 shares during the period. Baskin Financial Services Inc. raised its position in shares of TFI International by 1.2% during the 1st quarter. Baskin Financial Services Inc. now owns 413,366 shares of the company’s stock valued at $32,002,000 after purchasing an additional 5,092 shares during the period. Finally, Entropy Technologies LP raised its position in shares of TFI International by 46.9% during the 1st quarter. Entropy Technologies LP now owns 13,656 shares of the company’s stock valued at $1,058,000 after purchasing an additional 4,361 shares during the period. 73.30% of the stock is currently owned by institutional investors.

TFI International Price Performance

Shares of TFII stock opened at $93.33 on Wednesday. TFI International Inc. has a twelve month low of $72.02 and a twelve month high of $155.12. The stock has a market capitalization of $7.69 billion, a price-to-earnings ratio of 21.40, a P/E/G ratio of 3.22 and a beta of 1.47. The stock has a fifty day simple moving average of $91.74 and a two-hundred day simple moving average of $87.27. The company has a current ratio of 1.05, a quick ratio of 1.03 and a debt-to-equity ratio of 0.88.

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

TFI International Dividend Announcement

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

Wall Street Analyst Weigh In

TFII has been the topic of several recent analyst reports. Cormark downgraded shares of TFI International from a “moderate buy” rating to a “hold” 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 note on Thursday, July 10th. JPMorgan Chase & Co. raised their target price on shares of TFI International from $101.00 to $116.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Bank of America raised their target price on shares of TFI International from $90.00 to $92.00 and gave the company an “underperform” rating in a research note on Tuesday, July 29th. Finally, Susquehanna raised their target price on shares of TFI International from $100.00 to $105.00 and gave the company a “positive” rating in a research note on Wednesday, June 18th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $117.06.

TFI International Company Profile

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.