TFI International Inc. $TFII Shares Purchased by BI Asset Management Fondsmaeglerselskab A S

Key Points

• BI Asset Management Fondsmaeglerselskab A S increased its stake in TFI International Inc. by 10.5% during the first quarter, holding 41,278 shares valued at approximately $3.2 million.
• Several other investors also raised their holdings, with Canoe Financial LP increasing its stake by 168.5% and Quantbot Technologies LP by 877.9% in the same period.
• TFI International's stock has a current price of $90.34 and a market cap of $7.46 billion, with analysts having an average price target of $117.13 for the company.

BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of TFI International Inc. (NYSE:TFII - Free Report) by 10.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,278 shares of the company's stock after purchasing an additional 3,925 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in TFI International were worth $3,197,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TFII. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of TFI International by 4.2% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,012 shares of the company's stock valued at $698,000 after acquiring an additional 363 shares in the last quarter. Entropy Technologies LP boosted its holdings 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 valued at $1,058,000 after acquiring an additional 4,361 shares in the last quarter. Canoe Financial LP boosted its holdings 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 valued at $2,854,000 after acquiring an additional 23,131 shares in the last quarter. Quantbot Technologies LP boosted its holdings in shares of TFI International by 877.9% in the first quarter. Quantbot Technologies LP now owns 78,466 shares of the company's stock valued at $6,077,000 after acquiring an additional 70,442 shares in the last quarter. Finally, QV Investors Inc. boosted its holdings 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 valued at $27,103,000 after acquiring an additional 132,166 shares in the last quarter. 73.30% of the stock is owned by institutional investors and hedge funds.

TFI International Trading Up 0.2%

Shares of NYSE:TFII traded up $0.21 during trading on Tuesday, reaching $94.85. The stock had a trading volume of 30,092 shares, compared to its average volume of 461,355. The business has a fifty day moving average price of $90.09 and a 200-day moving average price of $88.71. The company has a quick ratio of 1.03, a current ratio of 1.05 and a debt-to-equity ratio of 0.88. The stock has a market cap of $7.83 billion, a P/E ratio of 21.74, a PEG ratio of 3.34 and a beta of 1.43. TFI International Inc. has a fifty-two week low of $72.02 and a fifty-two week high of $155.12.

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

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Stifel Nicolaus lifted their target price on shares of TFI International from $88.00 to $91.00 and gave the company a "hold" rating in a report on Thursday, July 24th. TD Cowen decreased their price objective on shares of TFI International from $115.00 to $107.00 and set a "buy" rating on the stock in a report on Tuesday, July 29th. JPMorgan Chase & Co. boosted their price objective 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. Royal Bank Of Canada decreased their price objective on shares of TFI International from $98.00 to $94.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Finally, Scotiabank downgraded shares of TFI International from a "sector outperform" rating to a "sector perform" rating in a report on Thursday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus 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.