Cidel Asset Management Inc. Sells 44,549 Shares of TFI International Inc. $TFII

Key Points

• Cidel Asset Management cut its TFI International stake by 90.7% in the third quarter, selling 44,549 shares and retaining 4,549 shares valued at approximately $547,000. Institutional investors collectively own 73.3% of the company.
• TFI reported quarterly revenue of about $2.23 billion, in line with estimates, while EPS of $1.67 missed the $1.75 consensus amid high fuel costs. Truckload operations performed well, but weaker less-than-truckload margins limited overall results.
• Despite near-term earnings and cost concerns, analysts maintain a “Moderate Buy” consensus with an average price target of $167.94; the stock recently opened at $92.96.

Cidel Asset Management Inc. lowered its position in TFI International Inc. (NYSE:TFII - Free Report) by 90.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,549 shares of the company's stock after selling 44,549 shares during the period. Cidel Asset Management Inc.'s holdings in TFI International were worth $547,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC purchased a new position in TFI International during the third quarter worth about $36,000. Guardian Partners Inc. lifted its position in TFI International by 1.1% during the 3rd quarter. Guardian Partners Inc. now owns 37,960 shares of the company's stock worth $4,563,000 after acquiring an additional 412 shares in the last quarter. Value Partners Investments Inc. grew its holdings in TFI International by 4.7% during the 3rd quarter. Value Partners Investments Inc. now owns 18,857 shares of the company's stock valued at $2,268,000 after purchasing an additional 838 shares in the last quarter. Financial & Tax Architects LLC lifted its stake in shares of TFI International by 31.4% in the third quarter. Financial & Tax Architects LLC now owns 4,677 shares of the company's stock worth $561,000 after acquiring an additional 1,117 shares in the last quarter. Finally, Triasima Portfolio Management inc. boosted its stake in shares of TFI International by 11.0% during the 3rd quarter. Triasima Portfolio Management inc. now owns 80,742 shares of the company's stock valued at $9,706,000 after buying an additional 7,991 shares during the last quarter. Institutional investors and hedge funds own 73.30% of the company's stock.

More TFI International News

Here are the key news stories impacting TFI International this week:

• Positive Sentiment: TFI reported third-quarter revenue of approximately $2.23 billion, in line with analyst expectations, while adjusted earnings and net income improved from the prior year. Net income rose to $105.7 million from $84.7 million, and reported EPS increased to $1.67 from $1.20. TFI International Reports Higher Q3 Adjusted Earnings And Revenue
• Positive Sentiment: The company’s Truckload segment performed strongly, helping offset challenges elsewhere in the portfolio. First look: TFI Truckload sparkles, but OR at LTL slips
• Positive Sentiment: TFI approved its quarterly dividend, payable January 15, 2027, supporting the stock’s income appeal. TFI International Approves Quarterly Dividend
• Neutral Sentiment: Management’s results showed divergent segment performance: Truckload improved, but the less-than-truckload operation’s operating ratio weakened, limiting the benefit of higher revenue. Segment performance analysis
• Negative Sentiment: Reported EPS of $1.67 missed the $1.75 consensus estimate, despite revenue matching expectations. The shortfall was attributed in part to high fuel costs, which compressed margins and drove the post-earnings selloff. High fuel costs drive earnings miss
• Negative Sentiment: Analysts, including Scotiabank, reduced earnings estimates, reinforcing concerns about near-term profitability and cost pressures. Scotiabank cuts TFII earnings estimates

TFI International Price Performance

Shares of TFII stock opened at $92.96 on Monday. The stock's fifty day moving average is $122.28 and its 200-day moving average is $129.26. TFI International Inc. has a 52 week low of $80.63 and a 52 week high of $167.69. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.10 and a current ratio of 1.11. The stock has a market capitalization of $7.64 billion, a PE ratio of 21.47, a PEG ratio of 0.59 and a beta of 1.68.

TFI International (NYSE:TFII - Get Free Report) last released its earnings results on Thursday, October 29th. The company reported $1.67 EPS for the quarter, missing analysts' consensus estimates of $1.75 by ($0.08). TFI International had a return on equity of 16.05% and a net margin of 4.26%. The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.23 billion. Equities research analysts expect that TFI International Inc. will post 5.95 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on TFII shares. Scotiabank restated an "outperform" rating on shares of TFI International in a research note on Thursday, October 15th. Zacks Research cut TFI International from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 28th. TD lifted their price target on shares of TFI International from $153.00 to $154.00 and gave the stock a "buy" rating in a research report on Wednesday, July 8th. JPMorgan Chase & Co. lowered their price objective on shares of TFI International from $175.00 to $168.00 and set an "overweight" rating on the stock in a research report on Monday, October 5th. Finally, UBS Group boosted their price target on shares of TFI International from $154.00 to $159.00 and gave the company a "neutral" rating in a report on Tuesday, July 28th. Fourteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $167.94.

About TFI International

TFI International Inc is a North American transportation and logistics company headquartered in Saint-Laurent, Quebec. The company provides a broad range of freight and supply chain services through a network of operating companies in Canada and the United States.

Its business activities include package and courier delivery, less-than-truckload and truckload transportation, freight brokerage, logistics, warehousing, and specialized services. TFI International also serves niche transportation markets, including waste management, environmental services, and other specialized freight requirements.

The company traces its origins to 1957 and has expanded through organic growth and acquisitions.

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