TD Waterhouse Canada Inc. Sells 19,207 Shares of TFI International Inc. $TFII

Key Points

• TD Waterhouse Canada reduced its TFI International stake by 7.7%, selling 19,207 shares and retaining 230,802 shares valued at approximately $27.1 million. Institutional investors collectively own 73.3% of the company.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $167.94 price target, despite some recent target cuts. TFI’s latest quarterly results beat expectations, with EPS of $1.85 versus the $1.59 estimate and revenue of $2.29 billion.
• TFI International declared a quarterly dividend of $0.47 per share, equivalent to $1.88 annually and a 1.7% yield. The stock opened at $113.88, well below its 52-week high of $167.69.

TD Waterhouse Canada Inc. cut its stake in TFI International Inc. (NYSE:TFII - Free Report) by 7.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 230,802 shares of the company's stock after selling 19,207 shares during the period. TD Waterhouse Canada Inc. owned approximately 0.28% of TFI International worth $27,116,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Upgrades and Downgrades

TFII has been the topic of several analyst reports. UBS Group lifted their price target on TFI International from $154.00 to $159.00 and gave the stock a "neutral" rating in a report on Tuesday, July 28th. Bank of America boosted their price target on shares of TFI International from $178.00 to $187.00 and gave the company a "buy" rating in a research report on Tuesday, July 28th. JPMorgan Chase & Co. dropped their price objective on shares of TFI International from $175.00 to $168.00 and set an "overweight" rating for the company in a report on Monday, October 5th. Citigroup restated a "cautious" rating on shares of TFI International in a research report on Wednesday, October 7th. Finally, Stifel Nicolaus reduced their target price on shares of TFI International from $160.00 to $132.00 and set a "hold" rating on the stock in a research note on Thursday, October 8th. Fourteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, TFI International presently has a consensus rating of "Moderate Buy" and a consensus price target of $167.94.

TFI International Trading Down 0.4%

TFII opened at $113.88 on Friday. The stock has a market capitalization of $9.36 billion, a PE ratio of 27.98, a P/E/G ratio of 0.71 and a beta of 1.63. 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 quick ratio of 1.08 and a current ratio of 1.09. The business's 50 day moving average price is $128.59 and its 200 day moving average price is $136.98.

TFI International (NYSE:TFII - Get Free Report) last posted 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 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 analysts' expectations of $2.23 billion. TFI International has set its Q3 2026 guidance at 1.700-1.800 EPS. As a group, equities research analysts expect that TFI International Inc. will post 6.01 EPS for the current year.

TFI International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were issued a dividend of $0.47 per share. The ex-dividend date was Wednesday, September 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.7%. TFI International's dividend payout ratio is currently 46.19%.

TFI International Profile

TFI International Inc is a transportation and logistics company headquartered in Saint-Laurent, Quebec. Through its operating companies, TFI International provides freight transportation, logistics and related services across North America, with operations serving Canada, the United States and Mexico.

The company's principal activities include less-than-truckload and truckload transportation, package and courier delivery, last-mile services, specialized transportation and logistics. Its specialized operations support industries and customers requiring services such as expedited delivery, freight brokerage, final-mile distribution, household moving and handling of specialized or regulated cargo.

TFI International traces its roots to 1957 and was previously known as TransForce Inc The company adopted the TFI International name in 2016 as part of a broader effort to reflect the scope of its transportation and logistics operations.

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