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

A number of other large investors have also recently made changes to their positions in TFII. Baskin Financial Services Inc. lifted its stake 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 acquiring an additional 5,092 shares during the period. QV Investors Inc. lifted its stake in 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 period. BI Asset Management Fondsmaeglerselskab A S lifted its stake in 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 period. Canoe Financial LP lifted its stake 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 acquiring an additional 23,131 shares during the period. Finally, Entropy Technologies LP lifted its stake 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 acquiring an additional 4,361 shares during the period. 73.30% of the stock is owned by hedge funds and other institutional investors.

TFI International Stock Up 6.2%

Shares of TFII traded up $5.6270 during mid-day trading on Friday, hitting $96.7270. 593,585 shares of the company traded hands, compared to its average volume of 430,051. TFI International Inc. has a 1-year low of $72.02 and a 1-year high of $155.12. 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 company has a market capitalization of $7.98 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of 3.34 and a beta of 1.43. The business has a 50 day moving average of $90.02 and a 200 day moving average of $88.96.

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

Analyst Ratings Changes

TFII has been the subject of a number of recent research reports. UBS Group boosted their target price on shares of TFI International from $88.00 to $90.00 and gave the stock a "neutral" rating in a report on Tuesday, July 29th. Stifel Nicolaus boosted their target price on shares of TFI International from $88.00 to $91.00 and gave the stock a "hold" rating in a report on Thursday, July 24th. Citigroup set a $108.00 target price on shares of TFI International and gave the stock a "buy" rating in a report on Tuesday, August 5th. JPMorgan Chase & Co. boosted their target price 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. Finally, CIBC reduced their target price on shares of TFI International from $118.00 to $110.00 and set an "outperformer" rating for the company in a report on Tuesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently 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.