Caisse de depot et placement du Quebec Makes New Investment in TFI International Inc. $TFII

Key Points

• Caisse de dépôt et placement du Québec purchased 6.331 million TFI International shares worth approximately $911 million, giving it a 7.7% stake and making TFI its 12th-largest holding. Institutional investors collectively own 73.3% of the company.
• TFI International reported quarterly EPS of $1.85, beating estimates of $1.59, while revenue of $2.29 billion also exceeded expectations. The company issued Q3 2026 EPS guidance of $1.70–$1.80.
• The company declared a quarterly dividend of $0.47 per share, representing an annualized payout of $1.88 and a 1.4% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $175.76, versus a share price of $134.34.

Caisse de depot et placement du Quebec purchased a new stake in TFI International Inc. (NYSE:TFII - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 6,331,000 shares of the company's stock, valued at approximately $910,995,000. TFI International accounts for 1.3% of Caisse de depot et placement du Quebec's holdings, making the stock its 12th largest position. Caisse de depot et placement du Quebec owned about 7.70% of TFI International as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Jupiter Topco LLC bought a new stake in shares of TFI International in the 2nd quarter worth approximately $515,259,000. The Manufacturers Life Insurance Company acquired a new stake in TFI International in the second quarter worth $189,264,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in TFI International in the second quarter worth $136,656,000. Geode Capital Management LLC lifted its stake in 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 buying an additional 38,200 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in TFI International in the second quarter valued at $61,329,000. Institutional investors own 73.30% of the company's stock.

TFI International Stock Down 1.1%

NYSE TFII opened at $134.34 on Wednesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.09 and a quick ratio of 1.08. The company's 50 day simple moving average is $144.18 and its 200 day simple moving average is $134.02. 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 $11.04 billion, a P/E ratio of 33.01, a PEG ratio of 0.84 and a beta of 1.62.

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. TFI International had a net margin of 4.14% and a return on equity of 14.87%. The firm 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. Equities research analysts expect that TFI International Inc. will post 6.06 earnings per share 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 given a dividend of $0.47 per share. 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 payout ratio is 46.19%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TFII shares. National Bank Financial upped their price target on shares of TFI International from $160.00 to $161.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 28th. JPMorgan Chase & Co. upped their target price on shares of TFI International from $164.00 to $175.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 28th. Citigroup dropped their price target on shares of TFI International from $182.00 to $180.00 and set a "buy" rating on the stock in a research note on Tuesday, July 28th. UBS Group lifted their price target on TFI International from $154.00 to $159.00 and gave the company a "neutral" rating in a report on Tuesday, July 28th. Finally, Susquehanna boosted their price objective on TFI International from $182.00 to $185.00 and gave the stock a "positive" rating in a research report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $175.76.

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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