TFI International Inc. $TFII Shares Purchased by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP significantly increased its stake in TFI International Inc. by 877.9% during the first quarter, owning approximately 0.09% of the company worth $6,077,000 after acquiring an additional 70,442 shares.
• Multiple institutional investors, including Canoe Financial LP and Entropy Technologies LP, have also boosted their holdings in TFI International, reflecting a trend of increased investment interest in the company.
• TFI International reported $1.34 earnings per share for the most recent quarter, surpassing the consensus estimate by $0.10, indicating strong financial performance.

Quantbot Technologies LP increased its holdings in shares of TFI International Inc. (NYSE:TFII - Free Report) by 877.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 78,466 shares of the company's stock after acquiring an additional 70,442 shares during the period. Quantbot Technologies LP owned approximately 0.09% of TFI International worth $6,077,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Entropy Technologies LP grew its holdings in 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 during the period. Baskin Financial Services Inc. grew its holdings in TFI International by 1.2% during the first quarter. Baskin Financial Services Inc. now owns 413,366 shares of the company's stock worth $32,002,000 after acquiring an additional 5,092 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its holdings in 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 during the period. Canoe Financial LP grew 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 acquiring an additional 23,131 shares during the period. Finally, QV Investors Inc. grew 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 acquiring an additional 132,166 shares during the period. Institutional investors and hedge funds own 73.30% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TFII. Susquehanna upped their price objective on TFI International from $100.00 to $105.00 and gave the stock a "positive" rating in a report on Wednesday, June 18th. Cormark downgraded TFI International from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, July 29th. Stifel Nicolaus boosted their target price on TFI International from $88.00 to $91.00 and gave the stock a "hold" rating in a research report on Thursday, July 24th. UBS Group boosted their target price on TFI International from $88.00 to $90.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 29th. Finally, Royal Bank Of Canada decreased their target price on TFI International from $98.00 to $94.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. 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 given a strong buy rating to the company. According to data from MarketBeat.com, TFI International currently has a consensus rating of "Moderate Buy" and an average target price of $117.13.

TFI International Stock Performance

NYSE TFII opened at $91.08 on Tuesday. The business's 50-day moving average price is $89.85 and its 200 day moving average price is $89.98. TFI International Inc. has a twelve month low of $72.02 and a twelve month high of $155.12. The company has a market capitalization of $7.52 billion, a PE ratio of 20.89, a price-to-earnings-growth ratio of 3.13 and a beta of 1.43. The company has a current ratio of 1.05, a quick ratio of 1.03 and a debt-to-equity ratio of 0.88.

TFI International (NYSE:TFII - Get Free Report) last released its 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 firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.49 billion. On average, research analysts predict that TFI International Inc. will post 7.76 earnings per share for the current year.

TFI International 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.

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