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

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

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of TFI International by 7.8% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 37,353 shares of the company's stock valued at $5,046,000 after buying an additional 2,696 shares during the period. CDAM UK Ltd boosted its holdings in shares of TFI International by 2.5% in the fourth quarter. CDAM UK Ltd now owns 381,102 shares of the company's stock valued at $51,483,000 after buying an additional 9,200 shares during the period. Geode Capital Management LLC boosted its holdings in shares of TFI International by 31.5% in the fourth quarter. Geode Capital Management LLC now owns 469,263 shares of the company's stock valued at $64,345,000 after buying an additional 112,455 shares during the period. CIBC Private Wealth Group LLC boosted its holdings 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 buying an additional 160 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its holdings in shares of TFI International by 124.8% in the fourth quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company's stock valued at $32,000 after buying an additional 131 shares during the period. Institutional investors and hedge funds own 73.30% of the company's stock.

TFI International Price Performance

TFI International stock traded up $1.12 during trading hours on Friday, reaching $87.68. 276,649 shares of the stock were exchanged, compared to its average volume of 344,952. The company has a market cap of $7.32 billion, a P/E ratio of 17.54, a price-to-earnings-growth ratio of 1.11 and a beta of 1.49. The company has a current ratio of 1.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.86. TFI International Inc. has a twelve month low of $72.02 and a twelve month high of $158.93. The stock has a 50 day moving average of $82.88 and a two-hundred day moving average of $108.45.

TFI International (NYSE:TFII - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.95 by ($0.19). The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.46 billion. TFI International had a return on equity of 18.40% and a net margin of 5.08%. Equities analysts expect that TFI International Inc. will post 7.76 EPS for the current fiscal year.

TFI International Announces Dividend

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

Wall Street Analyst Weigh In

TFII has been the topic of a number of research reports. BMO Capital Markets cut their price objective on shares of TFI International from $89.00 to $88.00 and set a "market perform" rating on the stock in a research report on Friday, April 25th. Stifel Nicolaus set a $88.00 price objective on shares of TFI International in a research report on Monday, April 28th. Susquehanna cut their price objective on shares of TFI International from $105.00 to $100.00 and set a "positive" rating on the stock in a research report on Friday, April 25th. National Bank Financial raised shares of TFI International from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 3rd. Finally, TD Cowen cut their price objective on shares of 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 research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $121.19.

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.