BI Asset Management Fondsmaeglerselskab A S Increases Stock Holdings in TFI International Inc. $TFII

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 boosted its position in TFI International Inc. (NYSE:TFII - Free Report) by 10.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 41,278 shares of the company's stock after purchasing an additional 3,925 shares during the period. 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 and hedge funds have also bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. boosted its position in TFI International by 4.2% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,012 shares of the company's stock worth $698,000 after purchasing an additional 363 shares during the last quarter. Entropy Technologies LP boosted its position in 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 purchasing an additional 4,361 shares during the last quarter. Baskin Financial Services Inc. boosted its position in TFI International by 1.2% in the first quarter. Baskin Financial Services Inc. now owns 413,366 shares of the company's stock worth $32,002,000 after purchasing an additional 5,092 shares during the last quarter. Canoe Financial LP boosted its position in 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 purchasing an additional 23,131 shares during the last quarter. Finally, Quantbot Technologies LP boosted its position in TFI International by 877.9% in the first quarter. Quantbot Technologies LP now owns 78,466 shares of the company's stock worth $6,077,000 after purchasing an additional 70,442 shares during the last quarter. 73.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on TFII. CIBC decreased their price objective on TFI International from $118.00 to $110.00 and set an "outperformer" rating on the stock in a research note on Tuesday, July 8th. Stifel Nicolaus raised their price objective on TFI International from $88.00 to $91.00 and gave the stock a "hold" rating in a research note on Thursday, July 24th. Scotiabank downgraded TFI International from a "sector outperform" rating to a "sector perform" rating in a research note on Thursday, July 10th. Susquehanna Bancshares decreased their price objective on TFI International from $105.00 to $100.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Finally, Royal Bank Of Canada decreased their price objective 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. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, TFI International currently has a consensus rating of "Moderate Buy" and an average price target of $117.13.

TFI International Price Performance

NYSE TFII traded up $5.6270 during trading on Friday, hitting $96.7270. 593,585 shares of the stock traded hands, compared to its average volume of 448,734. The company has a market capitalization of $7.98 billion, a P/E ratio of 22.19, a price-to-earnings-growth ratio of 3.34 and a beta of 1.43. The firm has a 50-day simple moving average of $90.02 and a 200-day simple moving average of $89.24. The company has a quick ratio of 1.03, a current ratio of 1.05 and a debt-to-equity ratio of 0.88. TFI International Inc. has a 12-month low of $72.02 and a 12-month high of $155.12.

TFI International (NYSE:TFII - Get Free Report) last released its quarterly earnings results 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 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%. As a group, analysts predict that TFI International Inc. will post 7.76 EPS 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.