Parallel Advisors LLC Sells 262 Shares of TFI International Inc. (NYSE:TFII)

Parallel Advisors LLC cut its stake in shares of TFI International Inc. (NYSE:TFII) by 4.0% in the 4th quarter, HoldingsChannel reports. The firm owned 6,306 shares of the company’s stock after selling 262 shares during the period. Parallel Advisors LLC’s holdings in TFI International were worth $852,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of TFII. Entropy Technologies LP lifted its position in TFI International by 97.8% during the fourth quarter. Entropy Technologies LP now owns 9,295 shares of the company’s stock valued at $1,256,000 after purchasing an additional 4,595 shares during the last quarter. Legato Capital Management LLC lifted its holdings in shares of TFI International by 8.9% in the 4th quarter. Legato Capital Management LLC now owns 10,468 shares of the company’s stock worth $1,414,000 after acquiring an additional 859 shares during the last quarter. Canoe Financial LP bought a new stake in shares of TFI International in the 4th quarter worth approximately $1,853,000. Public Employees Retirement System of Ohio bought a new stake in shares of TFI International in the 3rd quarter worth approximately $2,373,000. Finally, Quantbot Technologies LP lifted its holdings in shares of TFI International by 295.1% in the 3rd quarter. Quantbot Technologies LP now owns 21,484 shares of the company’s stock worth $2,941,000 after acquiring an additional 16,047 shares during the last quarter. 73.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TFII shares. The Goldman Sachs Group lowered their price objective on shares of TFI International from $176.00 to $150.00 and set a “buy” rating for the company in a report on Friday, February 21st. Susquehanna lowered their price objective on shares of TFI International from $170.00 to $135.00 and set a “positive” rating for the company in a report on Monday, March 3rd. Stifel Nicolaus lowered their price objective on shares of TFI International from $147.00 to $120.00 and set a “hold” rating for the company in a report on Friday, February 21st. Stephens lowered their price objective on shares of TFI International from $138.00 to $110.00 and set an “equal weight” rating for the company in a report on Tuesday, February 25th. Finally, UBS Group lowered shares of TFI International from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $163.00 to $107.00 in a report on Friday, February 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $148.93.

TFI International Stock Down 0.2 %

Shares of TFI International stock opened at $83.11 on Thursday. The company has a current ratio of 1.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.86. The company’s fifty day simple moving average is $114.26 and its two-hundred day simple moving average is $132.42. The company has a market cap of $6.99 billion, a P/E ratio of 16.62, a PEG ratio of 1.11 and a beta of 1.62. TFI International Inc. has a 12-month low of $80.19 and a 12-month high of $162.13.

TFI International (NYSE:TFII) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.40). TFI International had a net margin of 5.08% and a return on equity of 18.40%. The company had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Research analysts anticipate that TFI International Inc. will post 7.76 EPS for the current year.

TFI International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date is Monday, March 31st. TFI International’s dividend payout ratio (DPR) is presently 36.00%.

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.