Nicholas Investment Partners LP Makes New Investment in TFI International Inc. $TFII

Key Points

• Nicholas Investment Partners acquired 141,226 shares of TFI International, worth approximately $20.3 million, giving the stock a 1.1% portfolio weighting. Institutional ownership of TFII stands at 73.3%.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $175.76, despite TFII trading down 4% to $135.73.
• TFI International beat quarterly expectations, reporting $1.85 in EPS versus $1.59 expected and $2.29 billion in revenue. The company also declared a $0.47 quarterly dividend, equivalent to a 1.4% yield.

Nicholas Investment Partners LP acquired a new stake in shares of TFI International Inc. (NYSE:TFII - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 141,226 shares of the company's stock, valued at approximately $20,276,000. TFI International makes up about 1.1% of Nicholas Investment Partners LP's investment portfolio, making the stock its 21st largest position. Nicholas Investment Partners LP owned 0.17% of TFI International as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TFII. Legal & General Group Plc purchased a new stake in TFI International during the second quarter worth $60,417,000. The Manufacturers Life Insurance Company purchased a new position in shares of TFI International in the 2nd quarter valued at $189,264,000. Hill City Capital LP bought a new position in shares of TFI International in the 2nd quarter worth $20,818,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of TFI International in the 2nd quarter worth $136,656,000. Finally, Clear Harbor Asset Management LLC purchased a new stake in shares of TFI International during the 2nd quarter worth $4,469,000. 73.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TFII shares. Susquehanna boosted their target price on shares of TFI International from $182.00 to $185.00 and gave the stock a "positive" rating in a report on Tuesday, July 14th. The Goldman Sachs Group raised their price target on shares of TFI International from $145.00 to $168.00 and gave the company a "buy" rating in a report on Tuesday, June 23rd. Citigroup cut their price objective 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. Morgan Stanley boosted their price objective on shares of TFI International from $175.00 to $190.00 and gave the stock an "overweight" rating in a research note on Monday, July 6th. Finally, BMO Capital Markets reissued a "market perform" rating and set a $170.00 target price (up from $140.00) on shares of TFI International in a research report on Tuesday, June 9th. One equities research 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. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $175.76.

TFI International Trading Down 4.0%

NYSE TFII opened at $135.73 on Tuesday. The company has a fifty day simple moving average of $144.55 and a two-hundred 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 P/E/G 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. 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 (NYSE:TFII - Get Free Report) last issued its quarterly earnings results on Monday, July 27th. The company reported $1.85 EPS for the quarter, topping analysts' consensus estimates of $1.59 by $0.26. The company had revenue of $2.29 billion during 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. On average, analysts forecast that TFI International Inc. will post 6.06 earnings per share for the current year.

TFI International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Wednesday, September 30th. TFI International's dividend payout ratio is 46.19%.

About TFI International

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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