1,317,515 Shares in TFI International Inc. $TFII Acquired by The Manufacturers Life Insurance Company

Key Points

• The Manufacturers Life Insurance Company acquired 1,317,515 TFI International shares worth approximately $189.3 million, representing about 1.6% of the company. Institutional investors and hedge funds collectively own 73.3% of TFII.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $175.76. Recent target increases came from Morgan Stanley, Goldman Sachs, and Royal Bank of Canada.
• TFI International exceeded quarterly expectations, reporting $1.85 in earnings per share versus the $1.59 consensus and $2.29 billion in revenue. The company also declared a quarterly dividend of $0.47 per share, representing a 1.4% annualized yield.

The Manufacturers Life Insurance Company bought a new position in shares of TFI International Inc. (NYSE:TFII - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,317,515 shares of the company's stock, valued at approximately $189,264,000. The Manufacturers Life Insurance Company owned about 1.60% of TFI International as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of TFI International in the 2nd quarter valued at $136,656,000. Deutsche Bank AG acquired a new stake in shares of TFI International during the 2nd quarter valued at $21,499,000. Hill City Capital LP bought a new stake in TFI International during the 2nd quarter worth $20,818,000. Bank of New York Mellon Corp bought a new stake in TFI International during the 2nd quarter worth $17,781,000. Finally, BlackRock Inc. acquired a new position in TFI International in the 2nd quarter worth about $14,341,000. 73.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TFII has been the subject of several research reports. Morgan Stanley increased their target price on TFI International from $175.00 to $190.00 and gave the company an "overweight" rating in a research report on Monday, July 6th. The Goldman Sachs Group boosted their price target on TFI International from $145.00 to $168.00 and gave the stock a "buy" rating in a report on Tuesday, June 23rd. Citigroup lowered their price objective on TFI International from $182.00 to $180.00 and set a "buy" rating for the company in a research note on Tuesday, July 28th. Royal Bank Of Canada lifted their target price on shares of TFI International from $158.00 to $171.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 28th. Finally, Wall Street Zen raised shares of TFI International from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $175.76.

TFI International Stock Performance

Shares of TFII stock opened at $135.73 on Tuesday. The business's 50 day simple moving average is $144.55 and its 200 day simple moving average is $133.94. TFI International Inc. has a one year low of $80.63 and a one year high of $167.69. The stock has a market capitalization of $11.16 billion, a PE ratio of 33.35, a PEG ratio of 0.88 and a beta of 1.62. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.09 and a quick ratio of 1.08.

TFI International (NYSE:TFII - Get Free Report) last released its earnings results on Monday, July 27th. The company reported $1.85 earnings per share for the quarter, beating analysts' consensus estimates of $1.59 by $0.26. TFI International had a net margin of 4.14% and a return on equity of 14.87%. The business had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.23 billion. TFI International has set its Q3 2026 guidance at 1.700-1.800 EPS. As a group, research analysts forecast that TFI International Inc. will post 6.06 earnings per share for the current year.

TFI International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.47 per share. The ex-dividend date is Wednesday, September 30th. This represents a $1.88 annualized dividend and a dividend yield of 1.4%. TFI International's dividend payout ratio is 46.19%.

TFI International Profile

TFI International Inc NYSE: TFII is a leading North American transport and logistics company headquartered in Montreal, Quebec. The company operates through a network of subsidiaries that provide truckload, less-than-truckload (LTL), specialized freight, package and courier, and logistics services. By integrating these operations, TFI delivers comprehensive end-to-end solutions, including long-haul and regional transportation, expedited delivery, warehousing, and cross-border freight movement.

Originally founded in 1957 as a regional trucking outfit in Cabano, Quebec, TFI International has expanded significantly through a disciplined acquisition strategy.

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