TD Waterhouse Canada Inc. Acquires 23,597 Shares of TFI International Inc. $TFII

Key Points

• TD Waterhouse Canada increased its TFI International stake by 10.4%, acquiring 23,597 shares for a total of 250,009 shares valued at approximately $34.2 million. Institutional investors collectively owned 73.3% of the company.
• Analysts maintained a positive outlook, with a consensus “Moderate Buy” rating and an average price target of $175.76; recent targets ranged from $160 to $180.
• TFI International exceeded quarterly expectations, reporting $1.85 in EPS versus a $1.59 estimate and $2.29 billion in revenue. The company also announced a quarterly dividend of $0.47 per share, implying a 1.4% annualized yield.

TD Waterhouse Canada Inc. raised its stake in TFI International Inc. (NYSE:TFII - Free Report) by 10.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 250,009 shares of the company's stock after acquiring an additional 23,597 shares during the quarter. TD Waterhouse Canada Inc. owned about 0.30% of TFI International worth $34,207,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of TFII. Caisse de depot et placement du Quebec bought a new stake in shares of TFI International during the second quarter worth $910,995,000. Jupiter Topco LLC bought a new position in TFI International in the second quarter valued at about $515,259,000. The Manufacturers Life Insurance Company bought a new position in TFI International in the second quarter valued at about $189,264,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in TFI International in the second quarter worth about $136,656,000. Finally, Canada Pension Plan Investment Board acquired a new stake in TFI International in the second quarter worth about $61,329,000. 73.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on TFII shares. Weiss Ratings reissued a "hold (c)" rating on shares of TFI International in a research note on Wednesday, June 24th. Citigroup dropped their price objective on TFI International from $182.00 to $180.00 and set a "buy" rating for the company in a report on Tuesday, July 28th. JPMorgan Chase & Co. increased their target price on TFI International from $164.00 to $175.00 and gave the company an "overweight" rating in a research note on Tuesday, July 28th. Stifel Nicolaus raised their target price on TFI International from $150.00 to $160.00 and gave the stock a "hold" rating in a report on Tuesday, July 28th. Finally, The Goldman Sachs Group boosted their target price on TFI International from $145.00 to $168.00 and gave the stock a "buy" rating in a research report on Tuesday, June 23rd. One 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.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $175.76.

TFI International Stock Performance

Shares of TFII opened at $137.18 on Friday. TFI International Inc. has a one year low of $80.63 and a one year high of $167.69. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.09 and a quick ratio of 1.08. The company has a market cap of $11.27 billion, a PE ratio of 33.71, a price-to-earnings-growth ratio of 0.82 and a beta of 1.62. The firm has a 50-day moving average of $142.32 and a 200-day moving average of $134.60.

TFI International (NYSE:TFII - Get Free Report) last issued its earnings results on Monday, July 27th. The company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.59 by $0.26. TFI International had a return on equity of 14.87% and a net margin of 4.14%.The company had revenue of $2.29 billion during 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, equities analysts forecast that TFI International Inc. will post 6.06 earnings per share for the current year.

TFI International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.4%. TFI International's dividend payout ratio (DPR) is 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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