Legal & General Group Plc Takes $60.42 Million Position in TFI International Inc. $TFII

Key Points

• Legal & General Group Plc acquired 419,869 shares of TFI International in the second quarter, worth approximately $60.4 million and representing a 0.51% stake. Institutional investors collectively own 73.3% of the company.
• Analysts remain broadly positive, with one Strong Buy, 14 Buy and four Hold ratings. TFI has a “Moderate Buy” consensus rating and an average price target of $175.76.
• TFI reported quarterly earnings of $1.85 per share, beating estimates of $1.59, while revenue reached $2.29 billion. The company also declared a quarterly dividend of $0.47 per share, or $1.88 annualized.

Legal & General Group Plc purchased a new stake in TFI International Inc. (NYSE:TFII - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 419,869 shares of the company's stock, valued at approximately $60,417,000. Legal & General Group Plc owned 0.51% of TFI International at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Allworth Financial LP acquired a new position in TFI International in the 2nd quarter valued at $46,000. State of Wyoming acquired a new stake in shares of TFI International during the 2nd quarter worth $56,000. Versant Capital Management Inc grew its holdings in shares of TFI International by 47.3% during the 2nd 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 bought a new position in shares of TFI International in the second quarter worth $91,000. Finally, Oslo Pensjonsforsikring AS bought a new position in shares of TFI International in the first quarter worth $184,000. Institutional investors and hedge funds own 73.30% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on TFII shares. UBS Group boosted their price target on TFI International from $154.00 to $159.00 and gave the company a "neutral" rating in a research note on Tuesday, July 28th. Wall Street Zen upgraded shares of TFI International from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 1st. Bank of America increased their price target on shares of TFI International from $178.00 to $187.00 and gave the stock a "buy" rating in a research report on Tuesday, July 28th. Scotia lifted their price objective on shares of TFI International from $260.00 to $263.00 and gave the company a "sector outperform" rating in a research note on Tuesday, July 28th. Finally, TD boosted their price objective on shares of TFI International from $153.00 to $154.00 and gave the company a "buy" rating in a research report on Wednesday, July 8th. One 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 company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $175.76.

TFI International Stock Down 2.2%

Shares of NYSE TFII opened at $133.32 on Friday. 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 market cap of $10.96 billion, a price-to-earnings ratio of 32.76, a PEG ratio of 0.84 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. The stock has a 50-day moving average price of $143.58 and a two-hundred day moving average price of $134.22.

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. 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 for the quarter, compared to the consensus estimate of $2.23 billion. TFI International has set its Q3 2026 guidance at 1.700-1.800 EPS. As a group, analysts forecast that TFI International Inc. will post 6.06 earnings per share for the current fiscal year.

TFI International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors 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 annualized dividend and a yield of 1.4%. TFI International's dividend 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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