Addenda Capital Inc. Lowers Stock Position in TFI International Inc. $TFII

Addenda Capital Inc. lessened its holdings in shares of TFI International Inc. (NYSE:TFII - Free Report) by 12.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 118,534 shares of the company's stock after selling 16,806 shares during the period. Addenda Capital Inc. owned 0.14% of TFI International worth $17,018,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Caisse de depot et placement du Quebec purchased a new position in shares of TFI International during the second quarter valued at approximately $910,995,000. Jupiter Topco LLC purchased a new stake in shares of TFI International in the 2nd quarter worth approximately $515,259,000. The Manufacturers Life Insurance Company bought a new position in TFI International during the 2nd quarter valued at approximately $189,264,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in TFI International during the 2nd quarter valued at approximately $136,656,000. Finally, Canada Pension Plan Investment Board purchased a new position in TFI International during the second quarter valued at $61,329,000. 73.30% of the stock is owned by hedge funds and other institutional investors.

TFI International Price Performance

NYSE TFII opened at $133.32 on Monday. The company has a quick ratio of 1.08, a current ratio of 1.09 and a debt-to-equity ratio of 0.83. TFI International Inc. has a 52 week low of $80.63 and a 52 week high of $167.69. The firm has a market capitalization of $10.96 billion, a P/E ratio of 32.76, a PEG ratio of 0.83 and a beta of 1.62. The company has a 50-day moving average price of $143.58 and a 200-day moving average price of $134.31.

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

TFI International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a $0.47 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.88 dividend on an annualized basis and a yield of 1.4%. TFI International's payout ratio is currently 46.19%.

Wall Street Analyst Weigh In

TFII has been the topic of a number of analyst reports. Royal Bank Of Canada upped their price target on shares of TFI International from $158.00 to $171.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 28th. Morgan Stanley raised their price objective on shares of TFI International from $175.00 to $190.00 and gave the company an "overweight" rating in a research note on Monday, July 6th. BMO Capital Markets reaffirmed a "market perform" rating and issued a $170.00 target price (up from $140.00) on shares of TFI International in a report on Tuesday, June 9th. Stephens upped their target price on shares of TFI International from $195.00 to $205.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. Finally, Canadian Imperial Bank of Commerce reiterated an "outperform" rating on shares of TFI International in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, TFI International presently has an average rating of "Moderate Buy" and a consensus target price of $175.76.

TFI International Company 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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