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

Other hedge funds have also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of 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 acquiring an additional 363 shares during the period. Canoe Financial LP increased its position in TFI International by 168.5% in the 1st 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. BI Asset Management Fondsmaeglerselskab A S increased its position in TFI International by 7.8% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 37,353 shares of the company's stock valued at $5,046,000 after acquiring an additional 2,696 shares in the last quarter. QV Investors Inc. increased its position in TFI International by 60.6% in the 1st quarter. QV Investors Inc. now owns 350,096 shares of the company's stock valued at $27,103,000 after acquiring an additional 132,166 shares in the last quarter. Finally, Baskin Financial Services Inc. boosted its stake in shares of TFI International by 1.2% in the 1st quarter. Baskin Financial Services Inc. now owns 413,366 shares of the company's stock valued at $32,002,000 after purchasing an additional 5,092 shares during the last quarter. 73.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TFII. National Bankshares lifted their price objective on shares of TFI International from $132.00 to $138.00 and gave the stock an "outperform" rating in a research note on Friday, April 25th. Susquehanna Bancshares decreased their target price on shares of TFI International from $105.00 to $100.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Stifel Nicolaus raised their target price on shares of TFI International from $88.00 to $91.00 and gave the company a "hold" rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. boosted their target price on shares of TFI International from $101.00 to $116.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Finally, Susquehanna upped their price objective on shares of TFI International from $100.00 to $105.00 and gave the company a "positive" rating in a report on Wednesday, June 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $117.13.

TFI International Stock Down 3.1%

NYSE TFII traded down $2.85 during mid-day trading on Thursday, hitting $90.15. The company's stock had a trading volume of 365,579 shares, compared to its average volume of 469,043. The company's 50 day simple moving average is $89.66 and its 200 day simple moving average is $91.59. TFI International Inc. has a twelve month low of $72.02 and a twelve month high of $155.12. The company has a current ratio of 1.05, a quick ratio of 1.03 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $7.44 billion, a price-to-earnings ratio of 20.68, a PEG ratio of 3.08 and a beta of 1.43.

TFI International (NYSE:TFII - Get Free Report) last issued its quarterly earnings data 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 for 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%. Analysts anticipate that TFI International Inc. will post 7.76 earnings per share for the current year.

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.