Parallel Advisors LLC Sells 3,184 Shares of TFI International Inc. (NYSE:TFII)

Parallel Advisors LLC reduced its position in TFI International Inc. (NYSE:TFII - Free Report) by 50.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 3,122 shares of the company's stock after selling 3,184 shares during the period. Parallel Advisors LLC's holdings in TFI International were worth $242,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brown Brothers Harriman & Co. raised its holdings in TFI International by 124.8% during the 4th quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company's stock valued at $32,000 after acquiring an additional 131 shares during the period. CIBC Private Wealth Group LLC grew its position in shares of TFI International by 40.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company's stock valued at $74,000 after purchasing an additional 160 shares in the last quarter. Legato Capital Management LLC raised its stake in shares of TFI International by 8.9% during the 4th quarter. Legato Capital Management LLC now owns 10,468 shares of the company's stock valued at $1,414,000 after purchasing an additional 859 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in TFI International by 7.8% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 37,353 shares of the company's stock worth $5,046,000 after purchasing an additional 2,696 shares in the last quarter. Finally, Amundi boosted its stake in TFI International by 2.4% in the 4th quarter. Amundi now owns 181,202 shares of the company's stock worth $24,134,000 after purchasing an additional 4,266 shares during the period. 73.30% of the stock is currently owned by institutional investors.

TFI International Trading Up 1.3%

Shares of TFI International stock traded up $1.12 during trading on Friday, reaching $87.68. The company's stock had a trading volume of 276,649 shares, compared to its average volume of 346,143. The company has a quick ratio of 0.96, a current ratio of 1.03 and a debt-to-equity ratio of 0.86. TFI International Inc. has a 52-week low of $72.02 and a 52-week high of $158.93. The firm's 50-day moving average is $82.67 and its two-hundred day moving average is $109.35. The company has a market cap of $7.32 billion, a price-to-earnings ratio of 17.54, a PEG ratio of 1.11 and a beta of 1.51.

TFI International (NYSE:TFII - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.19). TFI International had a return on equity of 18.40% and a net margin of 5.08%. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.46 billion. On average, sell-side analysts anticipate that TFI International Inc. will post 7.76 earnings per share for the current year.

TFI International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.05%. The ex-dividend date is Monday, June 30th. TFI International's dividend payout ratio is presently 39.39%.

Wall Street Analyst Weigh In

TFII has been the topic of several analyst reports. National Bank Financial upgraded TFI International from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 3rd. Susquehanna decreased their target price on shares of TFI International from $105.00 to $100.00 and set a "positive" rating on the stock in a report on Friday, April 25th. CIBC reissued an "outperform" rating on shares of TFI International in a report on Tuesday, May 20th. BMO Capital Markets decreased their price target on shares of TFI International from $89.00 to $88.00 and set a "market perform" rating on the stock in a report on Friday, April 25th. Finally, TD Cowen lowered their price objective on TFI International from $128.00 to $115.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $121.19.

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.