Bank of America Corp DE Makes New $43.38 Million Investment in TFI International Inc. $TFII

Key Points

• Bank of America acquired 302,122 shares of TFI International worth approximately $43.38 million, representing about 0.37% of the company. Institutional investors and hedge funds collectively own 73.3% of TFI’s stock.
• TFI International exceeded quarterly expectations, reporting $1.85 in earnings per share versus the $1.59 consensus estimate and $2.29 billion in revenue versus the $2.23 billion forecast.
• Analysts maintain a favorable outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $175.76. The company also announced a quarterly dividend of $0.47 per share, equivalent to a 1.5% annual yield.

Bank of America Corp DE purchased a new stake in shares of TFI International Inc. (NYSE:TFII - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 302,122 shares of the company's stock, valued at approximately $43,376,000. Bank of America Corp DE owned about 0.37% of TFI International at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in TFI International by 0.5% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 24,172 shares of the company's stock valued at $2,498,000 after acquiring an additional 121 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of TFI International by 47.3% in the 2nd quarter. Versant Capital Management Inc now owns 408 shares of the company's stock valued at $59,000 after purchasing an additional 131 shares during the last quarter. Allworth Financial LP acquired a new position in shares of TFI International in the 2nd quarter valued at $46,000. State of Wyoming purchased a new position in shares of TFI International during the 2nd quarter worth $56,000. Finally, Tacita Capital Inc purchased a new stake in TFI International in the 2nd quarter valued at about $91,000. 73.30% of the stock is currently owned by institutional investors and hedge funds.

TFI International Stock Performance

Shares of TFII stock opened at $125.72 on Tuesday. The firm has a 50 day moving average of $139.28 and a two-hundred day moving average of $135.67. The stock has a market capitalization of $10.33 billion, a PE ratio of 30.89, a P/E/G ratio of 0.78 and a beta of 1.62. 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.

TFI International (NYSE:TFII - Get Free Report) last posted its quarterly earnings data on Monday, July 27th. The company reported $1.85 earnings per share 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 for the quarter, compared to analyst estimates of $2.23 billion. TFI International has set its Q3 2026 guidance at 1.700-1.800 EPS. On average, research analysts predict that TFI International Inc. will post 6.06 EPS for the current fiscal year.

TFI International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Wednesday, September 30th. TFI International's dividend payout ratio (DPR) is presently 46.19%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on TFII shares. Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating on shares of TFI International in a research note on Tuesday, July 28th. Susquehanna boosted their price target on shares of TFI International from $182.00 to $185.00 and gave the company a "positive" rating in a research note on Tuesday, July 14th. TD upped their price objective on shares of TFI International from $153.00 to $154.00 and gave the stock a "buy" rating in a report on Wednesday, July 8th. Citigroup lowered their price objective on shares of TFI International from $182.00 to $180.00 and set a "buy" rating for the company in a research report on Tuesday, July 28th. Finally, Morgan Stanley lifted their target price on shares of TFI International from $175.00 to $190.00 and gave the company an "overweight" rating in a report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $175.76.

About TFI International

TFI International Inc is a North American transportation and logistics company headquartered in Saint-Laurent, Quebec. The company provides freight transportation, package and courier delivery, and logistics services through a network of operating businesses serving customers across Canada, the United States and Mexico.

Its operations include less-than-truckload and truckload transportation, final-mile delivery, specialized services, and supply chain management. TFI International also offers brokerage, warehousing and other logistics solutions designed to support the movement and distribution of commercial and industrial goods.

The company traces its history to 1957 and was formerly known as TransForce Inc In 2021, it acquired UPS Freight, which was subsequently rebranded as TForce Freight and expanded TFI International's presence in the U.S.

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