AGF Management Ltd. Cuts Holdings in 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. reduced its stake in shares of TFI International Inc. (NYSE:TFII - Free Report) by 13.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 241,416 shares of the company's stock after selling 36,049 shares during the quarter. AGF Management Ltd. owned 0.29% of TFI International worth $18,692,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Baskin Financial Services Inc. increased its position in shares of TFI International by 1.2% in the first quarter. Baskin Financial Services Inc. now owns 413,366 shares of the company's stock valued at $32,002,000 after buying an additional 5,092 shares in the last quarter. QV Investors Inc. boosted its stake in shares of TFI International by 60.6% in the first quarter. QV Investors Inc. now owns 350,096 shares of the company's stock worth $27,103,000 after acquiring an additional 132,166 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its stake 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 worth $5,046,000 after acquiring an additional 2,696 shares during the last quarter. Canoe Financial LP boosted its stake in shares of TFI International by 168.5% in the first quarter. Canoe Financial LP now owns 36,857 shares of the company's stock worth $2,854,000 after acquiring an additional 23,131 shares during the last quarter. Finally, Entropy Technologies LP boosted its stake in shares of TFI International by 46.9% in 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 during the last quarter. 73.30% of the stock is currently owned by hedge funds and other institutional investors.

TFI International Trading Up 0.9%

Shares of TFII stock traded up $0.80 on Friday, hitting $90.84. The stock had a trading volume of 306,199 shares, compared to its average volume of 447,108. The company's 50 day moving average price is $89.79 and its 200-day moving average price is $90.92. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.05 and a quick ratio of 1.03. TFI International Inc. has a 1 year low of $72.02 and a 1 year high of $155.12. The firm has a market capitalization of $7.50 billion, a P/E ratio of 20.83, a P/E/G ratio of 3.11 and a beta of 1.43.

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 for the quarter, topping the consensus estimate of $1.24 by $0.10. TFI International had a return on equity of 15.45% and a net margin of 4.48%. The company had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.49 billion. Analysts anticipate that TFI International Inc. will post 7.76 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TFII. Royal Bank Of Canada lowered their price target on TFI International from $98.00 to $94.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Citigroup set a $108.00 target price on TFI International and gave the stock a "buy" rating in a research note on Tuesday, August 5th. BMO Capital Markets cut their target price on TFI International from $89.00 to $88.00 and set a "market perform" rating for the company in a research note on Friday, April 25th. Stifel Nicolaus raised their target price on TFI International from $88.00 to $91.00 and gave the stock a "hold" rating in a research note on Thursday, July 24th. Finally, Bank of America raised their target price on TFI International from $90.00 to $92.00 and gave the stock an "underperform" rating in a research note on Tuesday, July 29th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, TFI International presently has a consensus rating of "Moderate Buy" and an average target price of $117.13.

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.