Bank of New York Mellon Corp Makes New Investment in TFI International Inc. $TFII

Key Points

• Bank of New York Mellon acquired 123,847 shares of TFI International worth approximately $17.8 million, representing about 0.15% of the company. Institutional investors and hedge funds collectively own 73.3% of TFII.
• Analysts remain broadly positive, with one Strong Buy, 14 Buy, and four Hold ratings. The stock has a “Moderate Buy” consensus rating and an average price target of $175.76.
• TFI International beat quarterly expectations with EPS of $1.85 versus the $1.59 consensus and revenue of $2.29 billion. The company also declared a quarterly dividend of $0.47 per share, equivalent to a 1.4% annual yield.

Bank of New York Mellon Corp bought a new stake in shares of TFI International Inc. (NYSE:TFII - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 123,847 shares of the company's stock, valued at approximately $17,781,000. Bank of New York Mellon Corp owned approximately 0.15% of TFI International at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in TFII. United Services Automobile Association bought a new position in shares of TFI International in the 1st quarter valued at approximately $217,000. Marshall Wace LLP acquired a new stake in TFI International in the 2nd quarter worth approximately $294,000. BNP Paribas Financial Markets boosted its position in TFI International by 104.0% during the second quarter. BNP Paribas Financial Markets now owns 125,737 shares of the company's stock worth $11,275,000 after purchasing an additional 64,108 shares during the period. Russell Investments Group Ltd. boosted its position in TFI International by 34.9% during the third quarter. Russell Investments Group Ltd. now owns 27,623 shares of the company's stock worth $2,432,000 after purchasing an additional 7,150 shares during the period. Finally, Twin Tree Management LP grew its holdings in TFI International by 6.5% during the third quarter. Twin Tree Management LP now owns 16,527 shares of the company's stock valued at $1,455,000 after purchasing an additional 1,013 shares during the last quarter. Institutional investors and hedge funds own 73.30% of the company's stock.

Analyst Upgrades and Downgrades

TFII has been the subject of several recent analyst reports. TD increased their target price on TFI International from $153.00 to $154.00 and gave the company a "buy" rating in a research note on Wednesday, July 8th. Scotia lifted their price target on TFI International from $260.00 to $263.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, July 28th. UBS Group upped their price target on TFI International from $154.00 to $159.00 and gave the stock a "neutral" rating in a report on Tuesday, July 28th. Morgan Stanley increased their price objective on TFI International from $175.00 to $190.00 and gave the company an "overweight" rating in a research report on Monday, July 6th. Finally, The Goldman Sachs Group boosted their target price on shares of TFI International from $145.00 to $168.00 and gave the stock a "buy" rating in a research report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, TFI International has an average rating of "Moderate Buy" and an average target price of $175.76.

TFI International Price Performance

Shares of TFI International stock opened at $134.30 on Tuesday. The firm has a market cap of $11.04 billion, a P/E ratio of 33.00, a price-to-earnings-growth ratio of 0.83 and a beta of 1.62. The firm's 50-day simple moving average is $143.33 and its 200-day simple moving average is $134.38. TFI International Inc. has a twelve month low of $80.63 and a twelve month high of $167.69. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.08 and a current ratio of 1.09.

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

TFI International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders 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 dividend yield of 1.4%. TFI International's dividend payout ratio is presently 46.19%.

About TFI International

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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