Engineers Gate Manager LP Takes $3.81 Million Position in TFI International Inc. $TFII

Key Points

• Engineers Gate Manager LP acquired 26,561 TFI International shares during the second quarter, valued at approximately $3.81 million. Institutional investors collectively own 73.3% of the company, with several major funds also establishing or increasing positions.
• TFI International exceeded quarterly expectations, reporting $1.85 EPS versus the $1.59 consensus estimate and revenue of $2.29 billion. The company issued third-quarter EPS guidance of $1.70–$1.80.
• The company declared a quarterly dividend of $0.47 per share, equivalent to an annualized $1.88 and a 1.4% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $175.76.

Engineers Gate Manager LP acquired a new stake in shares of TFI International Inc. (NYSE:TFII - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,561 shares of the company's stock, valued at approximately $3,813,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caisse de depot et placement du Quebec purchased a new stake in TFI International during the 2nd quarter valued at $910,995,000. Jupiter Topco LLC purchased a new position in shares of TFI International in the 2nd quarter worth $515,259,000. Maple Rock Capital Partners Inc. grew its holdings in shares of TFI International by 4.2% in the second quarter. Maple Rock Capital Partners Inc. now owns 1,418,409 shares of the company's stock worth $203,641,000 after acquiring an additional 56,578 shares during the period. The Manufacturers Life Insurance Company bought a new stake in shares of TFI International in the second quarter worth $189,264,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in TFI International during the second quarter valued at $136,656,000. Hedge funds and other institutional investors own 73.30% of the company's stock.

TFI International Stock Down 0.0%

TFII stock opened at $131.09 on Friday. The business's 50-day moving average price is $141.46 and its 200-day moving average price is $135.10. The stock has a market cap of $10.77 billion, a P/E ratio of 32.21, a PEG ratio of 0.81 and a beta of 1.62. The company has a quick ratio of 1.08, a current ratio of 1.09 and a debt-to-equity ratio of 0.83. TFI International Inc. has a twelve month low of $80.63 and a twelve month high of $167.69.

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 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 company had revenue of $2.29 billion during 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, equities research analysts forecast that TFI International Inc. will post 6.06 EPS for the current year.

TFI International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid 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 46.19%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on TFII shares. Stifel Nicolaus raised their target price on TFI International from $150.00 to $160.00 and gave the stock a "hold" rating in a research report on Tuesday, July 28th. Royal Bank Of Canada increased their price objective on shares of TFI International from $158.00 to $171.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 28th. TD raised their price objective on shares of TFI International from $153.00 to $154.00 and gave the stock a "buy" rating in a report on Wednesday, July 8th. BMO Capital Markets reaffirmed a "market perform" rating and set a $170.00 target price (up from $140.00) on shares of TFI International in a report on Tuesday, June 9th. Finally, Canadian Imperial Bank of Commerce reiterated an "outperform" rating on shares of TFI International in a research report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, TFI International currently has an average rating of "Moderate Buy" and a consensus price target of $175.76.

TFI International Profile

TFI International Inc is a North American transportation and logistics company headquartered in Saint-Laurent, Quebec. The company provides freight transportation, package and courier delivery, and logistics services through a network of operating businesses serving customers across Canada, the United States and Mexico.

Its operations include less-than-truckload and truckload transportation, final-mile delivery, specialized services, and supply chain management. TFI International also offers brokerage, warehousing and other logistics solutions designed to support the movement and distribution of commercial and industrial goods.

The company traces its history to 1957 and was formerly known as TransForce Inc In 2021, it acquired UPS Freight, which was subsequently rebranded as TForce Freight and expanded TFI International's presence in the U.S.

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