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

Other large investors have also added to or reduced their stakes in the company. QV Investors Inc. increased its stake in shares of TFI International by 60.6% in the first quarter. QV Investors Inc. now owns 350,096 shares of the company's stock worth $27,103,000 after purchasing an additional 132,166 shares in the last quarter. Canoe Financial LP increased its stake in shares of 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 purchasing an additional 23,131 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake 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 worth $698,000 after purchasing an additional 363 shares in the last quarter. Baskin Financial Services Inc. increased 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 worth $32,002,000 after purchasing an additional 5,092 shares in the last quarter. Finally, Entropy Technologies LP increased its stake in shares of 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 purchasing an additional 4,361 shares in the last quarter. Hedge funds and other institutional investors own 73.30% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TFII. CIBC reduced their target price on shares of TFI International from $118.00 to $110.00 and set an "outperformer" rating for the company in a research note on Tuesday, July 8th. Bank of America lifted their target price on shares of TFI International from $90.00 to $92.00 and gave the stock an "underperform" rating in a research note on Tuesday, July 29th. JPMorgan Chase & Co. lifted their target price 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 reduced their target price on shares of TFI International from $115.00 to $107.00 and set a "buy" rating for the company in a research note on Tuesday, July 29th. Finally, Susquehanna boosted their price objective 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 analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $117.13.

TFI International Price Performance

NYSE:TFII traded down $1.14 during mid-day trading on Friday, hitting $93.67. 238,592 shares of the stock traded hands, compared to its average volume of 269,287. The business's 50-day moving average price is $91.31 and its 200 day moving average price is $86.89. The company has a market cap of $7.73 billion, a PE ratio of 21.48, a price-to-earnings-growth ratio of 3.27 and a beta of 1.47. TFI International Inc. has a 12-month low of $72.02 and a 12-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 - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.24 by $0.10. The company 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 expect that TFI International Inc. will post 7.76 EPS for the current fiscal year.

TFI International 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.