Russell Investments Group Ltd. Trims Holdings in TFI International Inc. $TFII

Key Points

• Russell Investments Group Ltd. reduced its stake in TFI International Inc. by 47.7%, selling 20,687 shares and holding 22,724 shares worth approximately $1.76 million.
• Several other institutional investors also adjusted their positions in TFI International, with Canoe Financial LP increasing its stake by 168.5%, now owning shares valued at $2.85 million.
• TFI International reported an earnings per share (EPS) of $1.34 for the last quarter, exceeding expectations, while analysts project a 7.76 EPS for the current fiscal year.

Russell Investments Group Ltd. cut its stake in TFI International Inc. (NYSE:TFII - Free Report) by 47.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,724 shares of the company's stock after selling 20,687 shares during the period. Russell Investments Group Ltd.'s holdings in TFI International were worth $1,759,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Sumitomo Mitsui Trust Group Inc. increased its holdings in TFI International by 4.2% during the 1st 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 during the period. Baskin Financial Services Inc. grew its position in shares of TFI International by 1.2% during the first quarter. Baskin Financial Services Inc. now owns 413,366 shares of the company's stock worth $32,002,000 after buying an additional 5,092 shares in the last quarter. QV Investors Inc. increased its stake in shares of TFI International by 60.6% during the first quarter. QV Investors Inc. now owns 350,096 shares of the company's stock worth $27,103,000 after buying an additional 132,166 shares during the period. Canoe Financial LP raised its holdings in TFI International by 168.5% in the first quarter. Canoe Financial LP now owns 36,857 shares of the company's stock valued at $2,854,000 after acquiring an additional 23,131 shares in the last quarter. Finally, Entropy Technologies LP raised its holdings in TFI International by 46.9% in the first quarter. Entropy Technologies LP now owns 13,656 shares of the company's stock valued at $1,058,000 after acquiring an additional 4,361 shares in the last quarter. 73.30% of the stock is owned by institutional investors and hedge funds.

TFI International Stock Performance

Shares of TFII stock traded up $0.61 during mid-day trading on Monday, hitting $94.80. 255,764 shares of the stock were exchanged, compared to its average volume of 297,776. The stock's fifty day simple moving average is $90.68 and its two-hundred day simple moving average is $87.48. The stock has a market capitalization of $7.82 billion, a price-to-earnings ratio of 21.74, a P/E/G 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 debt-to-equity ratio of 0.88, a quick ratio of 1.03 and a current ratio of 1.05.

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

Analyst Ratings Changes

TFII has been the subject of several analyst reports. TD Cowen lowered their price target on shares of TFI International from $115.00 to $107.00 and set a "buy" rating for the company in a report on Tuesday, July 29th. Scotiabank downgraded shares of TFI International from a "sector outperform" rating to a "sector perform" rating in a research note on Thursday, July 10th. Citigroup set a $108.00 target price on TFI International and gave the company a "buy" rating in a report on Tuesday, August 5th. Stifel Nicolaus raised their price target on TFI International from $88.00 to $91.00 and gave the company a "hold" rating in a research note on Thursday, July 24th. Finally, UBS Group lifted their price target on TFI International from $88.00 to $90.00 and gave the stock a "neutral" rating in a report on Tuesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $117.13.

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.