The Manufacturers Life Insurance Company Invests $189.26 Million in TFI International Inc. $TFII

The Manufacturers Life Insurance Company acquired a new stake in TFI International Inc. (NYSE:TFII) during the second quarter, Holdings Channel.com reports. The firm acquired 1,317,515 shares of the company’s stock, valued at approximately $189,264,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hill City Capital LP bought a new stake in shares of TFI International during the 2nd quarter valued at about $20,818,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in TFI International in the second quarter worth approximately $136,656,000. Clear Harbor Asset Management LLC bought a new stake in TFI International in the second quarter worth approximately $4,469,000. Bank of Nova Scotia acquired a new position in TFI International in the second quarter valued at approximately $13,750,000. Finally, Quantbot Technologies LP acquired a new position in TFI International in the second quarter valued at approximately $6,129,000. Institutional investors own 73.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TFII. TD raised their price objective on shares of TFI International from $153.00 to $154.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. Bank of America boosted their target price 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. National Bank Financial increased their target price on shares of TFI International from $160.00 to $161.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 28th. Royal Bank Of Canada increased their target price on shares of TFI International from $158.00 to $171.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 28th. Finally, Stephens raised their price target on shares of TFI International from $195.00 to $205.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. One investment 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, TFI International presently has a consensus rating of “Moderate Buy” and a consensus target price of $175.76.

TFI International Trading Down 4.0%

NYSE TFII opened at $135.73 on Tuesday. The company has a quick ratio of 1.08, a current ratio of 1.09 and a debt-to-equity ratio of 0.83. TFI International Inc. has a 52 week low of $80.63 and a 52 week high of $167.69. The business has a 50 day moving average price of $144.55 and a 200-day moving average price of $133.94. The company has a market cap of $11.16 billion, a price-to-earnings ratio of 33.35, a P/E/G ratio of 0.88 and a beta of 1.62.

TFI International (NYSE:TFII) last issued its earnings results on Monday, July 27th. The company reported $1.85 earnings per share (EPS) for the quarter, topping 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. As a group, equities analysts expect that TFI International Inc. will post 6.06 earnings per share 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. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.88 annualized dividend and a dividend yield of 1.4%. TFI International’s payout ratio is presently 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.