Korea Investment CORP Invests $8.68 Million in TFI International Inc. $TFII

Key Points

• Korea Investment CORP acquired 60,337 shares of TFI International in the second quarter, worth approximately $8.68 million and representing about 0.07% of the company. Institutional investors collectively own 73.30% of TFI’s stock.
• Analysts maintain a generally positive outlook, with TFI carrying a consensus “Moderate Buy” rating and an average price target of $175.76. Several firms recently raised their price targets, including Scotia to $263 and Stephens to $205.
• TFI exceeded quarterly expectations with earnings of $1.85 per share versus the $1.59 consensus and revenue of $2.29 billion. The company also declared a quarterly dividend of $0.47 per share, equivalent to a 1.4% annualized yield.

Korea Investment CORP acquired a new stake in TFI International Inc. (NYSE:TFII - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 60,337 shares of the company's stock, valued at approximately $8,682,000. Korea Investment CORP owned approximately 0.07% of TFI International at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allworth Financial LP purchased a new position in TFI International during the 2nd quarter valued at about $46,000. State of Wyoming acquired a new stake in shares of TFI International during the second quarter worth about $56,000. Versant Capital Management Inc lifted its position in shares of TFI International by 47.3% during the second quarter. Versant Capital Management Inc now owns 408 shares of the company's stock worth $59,000 after purchasing an additional 131 shares in the last quarter. Tacita Capital Inc purchased a new position in shares of TFI International in the second quarter valued at approximately $91,000. Finally, Oslo Pensjonsforsikring AS purchased a new position in shares of TFI International in the first quarter valued at approximately $184,000. Hedge funds and other institutional investors own 73.30% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on TFII. Scotia increased their target price on shares of TFI International from $260.00 to $263.00 and gave the stock a "sector outperform" rating in a report on Tuesday, July 28th. BMO Capital Markets restated a "market perform" rating and issued a $170.00 price target (up from $140.00) on shares of TFI International in a research note on Tuesday, June 9th. Zacks Research raised TFI International from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, June 23rd. Stephens increased their price objective on TFI International from $195.00 to $205.00 and gave the company an "overweight" rating in a research note on Wednesday, July 29th. Finally, Canadian Imperial Bank of Commerce reiterated an "outperform" rating on shares of TFI International in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $175.76.

TFI International Price Performance

TFI International stock opened at $135.73 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 1.08 and a debt-to-equity ratio of 0.83. The company has a fifty day simple moving average of $144.55 and a 200-day simple moving average of $133.94. The stock has a market cap of $11.16 billion, a P/E ratio of 33.35, a price-to-earnings-growth ratio of 0.88 and a beta of 1.62. TFI International Inc. has a 12-month low of $80.63 and a 12-month high of $167.69.

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 for the quarter, beating analysts' consensus estimates of $1.59 by $0.26. The company had revenue of $2.29 billion for the quarter, compared to analysts' expectations of $2.23 billion. TFI International had a return on equity of 14.87% and a net margin of 4.14%.TFI International has set its Q3 2026 guidance at 1.700-1.800 EPS. Equities analysts expect that TFI International Inc. will post 6.06 EPS for the current fiscal year.

TFI International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a dividend of $0.47 per share. The ex-dividend date is Wednesday, September 30th. This represents a $1.88 annualized dividend and a yield of 1.4%. TFI International's payout ratio 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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