Entropy Technologies LP Acquires 4,361 Shares of TFI International Inc. (NYSE:TFII)

Key Points

• Entropy Technologies LP increased its stake in TFI International by 46.9%, now owning 13,656 shares valued at $1,058,000.
• TFI International's stock price opened at $84.41 and has experienced a 2.0% decline recently, with a 1-year range of $72.02 to $155.12.
• The company reported $1.34 earnings per share for the last quarter, exceeding analysts' expectations of $1.24, with revenues of $2.04 billion compared to a consensus estimate of $1.49 billion.

Entropy Technologies LP boosted its holdings in shares of TFI International Inc. (NYSE:TFII - Free Report) by 46.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,656 shares of the company's stock after buying an additional 4,361 shares during the quarter. Entropy Technologies LP's holdings in TFI International were worth $1,058,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Baskin Financial Services Inc. increased its position in 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 during the last quarter. QV Investors Inc. increased its position in 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 last quarter. BI Asset Management Fondsmaeglerselskab A S increased its position in TFI International by 7.8% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 37,353 shares of the company's stock worth $5,046,000 after buying an additional 2,696 shares during the last quarter. Canoe Financial LP increased its position in 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 during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in TFI International by 4.2% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,012 shares of the company's stock worth $698,000 after buying an additional 363 shares during the last quarter. Institutional investors and hedge funds own 73.30% of the company's stock.

TFI International Price Performance

Shares of TFII stock traded up $0.80 during trading on Friday, hitting $90.84. The company had a trading volume of 306,199 shares, compared to its average volume of 447,108. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.03 and a current ratio of 1.05. The firm has a market capitalization of $7.50 billion, a P/E ratio of 20.83, a price-to-earnings-growth ratio of 3.11 and a beta of 1.43. The stock's 50-day moving average price is $89.79 and its 200 day moving average price is $90.92. TFI International Inc. has a one year low of $72.02 and a one year high of $155.12.

TFI International (NYSE:TFII - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The company reported $1.34 earnings per share (EPS) 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 analysts' expectations of $1.49 billion. TFI International had a return on equity of 15.45% and a net margin of 4.48%. Equities analysts expect that TFI International Inc. will post 7.76 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on TFII. CIBC lowered their price target on TFI International from $118.00 to $110.00 and set an "outperformer" rating on the stock in a research report on Tuesday, July 8th. National Bankshares upped their target price on TFI International from $132.00 to $138.00 and gave the company an "outperform" rating in a research report on Friday, April 25th. Royal Bank Of Canada decreased their target price on TFI International from $98.00 to $94.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. BMO Capital Markets decreased their target price on 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. Finally, Scotiabank downgraded TFI International from a "sector outperform" rating to a "sector perform" rating in a research report on Thursday, July 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $117.13.

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.