Clear Harbor Asset Management LLC Acquires Shares of 31,056 TFI International Inc. $TFII

Key Points

• Clear Harbor Asset Management acquired 31,056 shares of TFI International in the second quarter, valued at approximately $4.47 million. Institutional investors collectively own 73.3% of the company.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $175.76; several firms recently raised their targets.
• TFI International beat quarterly expectations, reporting $1.85 EPS versus the $1.59 consensus and revenue of $2.29 billion. The company also declared a quarterly dividend of $0.47 per share, yielding about 1.3% annually.

Clear Harbor Asset Management LLC bought a new position in shares of TFI International Inc. (NYSE:TFII - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 31,056 shares of the company's stock, valued at approximately $4,469,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. United Services Automobile Association bought a new position in shares of TFI International in the 1st quarter worth $217,000. Marshall Wace LLP acquired a new position in TFI International in the second quarter valued at about $294,000. BNP Paribas Financial Markets grew its position in shares of TFI International by 104.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 125,737 shares of the company's stock worth $11,275,000 after buying an additional 64,108 shares during the period. Russell Investments Group Ltd. grew its position in shares of TFI International by 34.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 27,623 shares of the company's stock worth $2,432,000 after buying an additional 7,150 shares during the period. Finally, Twin Tree Management LP increased its stake in shares of TFI International by 6.5% in the 3rd quarter. Twin Tree Management LP now owns 16,527 shares of the company's stock valued at $1,455,000 after acquiring an additional 1,013 shares during the last quarter. Institutional investors own 73.30% of the company's stock.

Analyst Ratings Changes

TFII has been the topic of a number of analyst reports. Citigroup cut 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 report on Tuesday, July 28th. Royal Bank Of Canada upped their target price 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. Stephens increased their target price on shares of TFI International from $195.00 to $205.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Scotiabank reiterated an "outperform" rating on shares of TFI International in a report on Tuesday, July 28th. Finally, JPMorgan Chase & Co. raised their price target on TFI International from $164.00 to $175.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, TFI International presently has a consensus rating of "Moderate Buy" and an average target price of $175.76.

TFI International Trading Up 1.4%

TFII opened at $141.51 on Friday. The stock has a market capitalization of $11.63 billion, a P/E ratio of 34.77, a P/E/G 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 Inc. has a 12 month low of $80.63 and a 12 month high of $167.69. The firm's fifty day simple moving average is $144.95 and its 200 day simple moving average is $133.67.

TFI International (NYSE:TFII - Get Free Report) last released its earnings results on Monday, July 27th. The company reported $1.85 earnings per share (EPS) 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 firm had revenue of $2.29 billion during the quarter, compared to analysts' expectations of $2.23 billion. TFI International has set its Q3 2026 guidance at 1.700-1.800 EPS. As a group, research analysts anticipate that TFI International Inc. will post 6.06 EPS for the current fiscal year.

TFI International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.47 per share. The ex-dividend date is Wednesday, September 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.3%. TFI International's dividend payout ratio (DPR) is presently 46.19%.

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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