AGF Management Ltd. Sells 36,049 Shares of TFI International Inc. (NYSE:TFII)

Key Points

• AGF Management Ltd. reduced its stake in TFI International by 13.0%, now owning approximately 241,416 shares worth $18.7 million.
• Several hedge funds increased their stakes in TFI International, with Canoe Financial LP raising its position by 168.5%, acquiring an additional 23,131 shares.
• Recent analyst ratings have varied, with BMO Capital Markets lowering its price target from $89 to $88 while JPMorgan Chase & Co. raised it from $101 to $116.

AGF Management Ltd. lessened its position in TFI International Inc. (NYSE:TFII - Free Report) by 13.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 241,416 shares of the company's stock after selling 36,049 shares during the period. AGF Management Ltd. owned approximately 0.29% of TFI International worth $18,692,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. increased its position in shares of 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 acquiring an additional 363 shares in the last quarter. Entropy Technologies LP increased its position in shares of TFI International by 46.9% during the first quarter. Entropy Technologies LP now owns 13,656 shares of the company's stock worth $1,058,000 after acquiring an additional 4,361 shares in the last quarter. Canoe Financial LP boosted its holdings 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 purchasing an additional 23,131 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its holdings 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 purchasing an additional 2,696 shares during the last quarter. Finally, QV Investors Inc. boosted its holdings 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 purchasing an additional 132,166 shares during the last quarter. Institutional investors own 73.30% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. TD Cowen reduced their target price 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. Cormark cut shares of TFI International from a "moderate buy" rating to a "hold" rating in a report on Tuesday, July 29th. Bank of America increased their target price on shares of TFI International from $90.00 to $92.00 and gave the stock an "underperform" rating in a report on Tuesday, July 29th. BMO Capital Markets reduced their target price on shares of TFI International from $89.00 to $88.00 and set a "market perform" rating for the company in a report on Friday, April 25th. Finally, Susquehanna increased their target price on shares of TFI International from $100.00 to $105.00 and gave the stock a "positive" rating in a report on Wednesday, June 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $117.13.

TFI International Trading Down 3.1%

Shares of NYSE TFII traded down $2.85 during midday trading on Thursday, reaching $90.15. The stock had a trading volume of 365,579 shares, compared to its average volume of 469,043. The firm has a market cap of $7.44 billion, a price-to-earnings ratio of 20.68, a price-to-earnings-growth ratio of 3.08 and a beta of 1.43. TFI International Inc. has a twelve month low of $72.02 and a twelve 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. The company's 50 day moving average price is $89.66 and its 200 day moving average price is $91.59.

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, topping analysts' consensus estimates of $1.24 by $0.10. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.49 billion. TFI International had a net margin of 4.48% and a return on equity of 15.45%. As a group, sell-side analysts expect that TFI International Inc. will post 7.76 EPS for the current year.

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.