Amundi Sells 111,514 Shares of TFI International Inc. $TFII

Key Points

• Amundi decreased its ownership in TFI International Inc. by 61.5%, selling 111,514 shares, and now holds 69,688 shares valued at approximately $5.28 million.
• Several institutional investors have increased their stakes in TFI International, with Quantbot Technologies LP notably raising its holdings by 877.9%, now owning 78,466 shares worth $6.08 million.
• TFI International's recent earnings report showed $1.34 earnings per share, exceeding estimates, and the company has a consensus price target of $117.13 among analysts.

Amundi decreased its position in TFI International Inc. (NYSE:TFII - Free Report) by 61.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 69,688 shares of the company's stock after selling 111,514 shares during the quarter. Amundi owned about 0.08% of TFI International worth $5,286,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. QV Investors Inc. boosted its stake in TFI International by 60.6% in 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. Canoe Financial LP lifted its holdings in shares of TFI International by 168.5% during 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. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of TFI International by 4.2% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,012 shares of the company's stock valued at $698,000 after acquiring an additional 363 shares during the period. Baskin Financial Services Inc. grew its stake in shares of TFI International by 1.2% in the first quarter. Baskin Financial Services Inc. now owns 413,366 shares of the company's stock valued at $32,002,000 after acquiring an additional 5,092 shares in the last quarter. Finally, Entropy Technologies LP increased 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 worth $1,058,000 after acquiring an additional 4,361 shares during the period. Institutional investors own 73.30% of the company's stock.

Wall Street Analysts Forecast Growth

TFII has been the subject of a number of recent research reports. Stifel Nicolaus boosted their price objective on shares of TFI International from $88.00 to $91.00 and gave the company a "hold" rating in a report on Thursday, July 24th. UBS Group boosted their price target on TFI International from $88.00 to $90.00 and gave the company a "neutral" rating in a research note on Tuesday, July 29th. Scotiabank downgraded TFI International from a "sector outperform" rating to a "sector perform" rating in a research report on Thursday, July 10th. JPMorgan Chase & Co. lifted their price objective on TFI International from $101.00 to $116.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. Finally, Susquehanna upped their target price on TFI International from $100.00 to $105.00 and gave the company a "positive" rating in a research report on Wednesday, June 18th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $117.13.

TFI International Price Performance

NYSE:TFII traded up $1.01 during trading hours on Tuesday, hitting $95.62. The company's stock had a trading volume of 182,723 shares, compared to its average volume of 261,630. TFI International Inc. has a twelve month low of $72.02 and a twelve month high of $155.12. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.05 and a quick ratio of 1.03. The stock has a fifty day simple moving average of $91.46 and a 200-day simple moving average of $86.93. The company has a market capitalization of $7.88 billion, a P/E ratio of 21.93, a PEG ratio of 3.26 and a beta of 1.47.

TFI International (NYSE:TFII - Get Free Report) last posted its earnings results on Monday, July 28th. The company reported $1.34 EPS for the quarter, topping analysts' consensus estimates of $1.24 by $0.10. The firm had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $1.49 billion. TFI International had a net margin of 4.48% and a return on equity of 15.45%. On average, analysts anticipate that TFI International Inc. will post 7.76 EPS for the current fiscal year.

TFI International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Tuesday, September 30th. TFI International's payout ratio is presently 41.28%.

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.