TFI International Inc. (NYSE:TFII) Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC decreased its position in shares of TFI International Inc. (NYSE:TFII) by 15.4% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 6,793 shares of the company’s stock after selling 1,239 shares during the quarter. Parallel Advisors LLC’s holdings in TFI International were worth $986,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of TFII. Vaughan Nelson Investment Management L.P. acquired a new position in shares of TFI International during the 1st quarter valued at about $42,583,000. Argent Capital Management LLC grew its holdings in TFI International by 793.1% in the first quarter. Argent Capital Management LLC now owns 181,407 shares of the company’s stock valued at $28,927,000 after purchasing an additional 161,094 shares during the period. AGF Management Ltd. increased its position in TFI International by 359.1% during the second quarter. AGF Management Ltd. now owns 111,515 shares of the company’s stock worth $16,192,000 after purchasing an additional 87,223 shares during the last quarter. Mediolanum International Funds Ltd purchased a new position in TFI International during the first quarter worth approximately $10,118,000. Finally, CDAM UK Ltd boosted its holdings in shares of TFI International by 6.9% in the 4th quarter. CDAM UK Ltd now owns 381,912 shares of the company’s stock valued at $51,932,000 after purchasing an additional 24,730 shares during the last quarter. Institutional investors and hedge funds own 73.30% of the company’s stock.

TFI International Trading Up 1.2 %

TFII opened at $144.74 on Tuesday. TFI International Inc. has a 12-month low of $104.91 and a 12-month high of $162.13. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.92. The stock has a market capitalization of $12.25 billion, a PE ratio of 25.71, a P/E/G ratio of 1.49 and a beta of 1.55. The firm’s fifty day moving average price is $148.36 and its 200 day moving average price is $145.69.

TFI International (NYSE:TFII) last issued its quarterly earnings results on Thursday, July 25th. The company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.61 by $0.10. The business had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.28 billion. TFI International had a net margin of 5.93% and a return on equity of 20.48%. The company’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.59 earnings per share. As a group, research analysts expect that TFI International Inc. will post 6.86 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on TFII shares. Cormark upgraded TFI International from a “hold” rating to a “moderate buy” rating in a report on Monday, July 15th. Royal Bank of Canada lifted their price target on shares of TFI International from $162.00 to $171.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. JPMorgan Chase & Co. raised their target price on shares of TFI International from $170.00 to $184.00 and gave the company an “overweight” rating in a research note on Monday, July 29th. Bank of America raised their price objective on TFI International from $148.00 to $165.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Finally, Stephens reaffirmed an “overweight” rating and issued a $176.00 target price on shares of TFI International in a research report on Tuesday, July 30th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, TFI International presently has an average rating of “Moderate Buy” and an average price target of $170.33.

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.