Bank of Nova Scotia Buys New Shares in TFI International Inc. $TFII

Bank of Nova Scotia bought a new position in shares of TFI International Inc. (NYSE:TFII - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 95,544 shares of the company's stock, valued at approximately $13,750,000. Bank of Nova Scotia owned about 0.12% of TFI International at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Geode Capital Management LLC grew its stake in shares of TFI International by 5.5% in the fourth quarter. Geode Capital Management LLC now owns 733,510 shares of the company's stock valued at $76,293,000 after acquiring an additional 38,200 shares in the last quarter. K.J. Harrison & Partners Inc bought a new position in TFI International during the 2nd quarter worth $8,034,000. Legato Capital Management LLC raised its holdings in TFI International by 234.2% in the 4th quarter. Legato Capital Management LLC now owns 16,106 shares of the company's stock valued at $1,665,000 after acquiring an additional 11,287 shares in the last quarter. Alberta Investment Management Corp bought a new stake in shares of TFI International during the 2nd quarter valued at $2,978,000. Finally, Norwood Investment Partners LP bought a new stake in shares of TFI International during the 2nd quarter valued at $8,284,707,000. Institutional investors own 73.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Wall Street Zen upgraded shares of TFI International from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 1st. Morgan Stanley raised their price objective on TFI International from $175.00 to $190.00 and gave the company an "overweight" rating in a research note on Monday, July 6th. The Goldman Sachs Group boosted their target price on TFI International from $145.00 to $168.00 and gave the stock a "buy" rating in a research note on Tuesday, June 23rd. TD Cowen upped their price objective on shares of TFI International from $154.00 to $158.00 and gave the stock a "buy" rating in a research report on Tuesday, July 28th. Finally, Royal Bank Of Canada increased their price objective on shares of TFI International from $158.00 to $171.00 and gave the company an "outperform" rating in a research note on Tuesday, July 28th. One research 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. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $175.76.

TFI International Stock Down 4.0%

Shares of TFII opened at $135.73 on Tuesday. The stock's 50-day moving average price is $144.55 and its two-hundred day moving average price is $133.94. TFI International Inc. has a 12 month low of $80.63 and a 12 month high of $167.69. The company 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 current ratio of 1.09, a quick ratio of 1.08 and a debt-to-equity ratio of 0.83.

TFI International (NYSE:TFII - Get Free Report) last posted its quarterly earnings data on Monday, July 27th. The company reported $1.85 EPS 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 company 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, analysts anticipate that TFI International Inc. will post 6.06 EPS for the current year.

TFI International Announces Dividend

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

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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