Invesco Ltd. Acquires 3,996 Shares of GFL Environmental Inc. $GFL

Invesco Ltd. increased its holdings in shares of GFL Environmental Inc. (NYSE:GFL) by 6.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,871 shares of the company’s stock after acquiring an additional 3,996 shares during the period. Invesco Ltd.’s holdings in GFL Environmental were worth $3,424,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in GFL. Millstone Evans Group LLC boosted its position in shares of GFL Environmental by 147.8% in the 1st quarter. Millstone Evans Group LLC now owns 560 shares of the company’s stock worth $27,000 after purchasing an additional 334 shares in the last quarter. Bessemer Group Inc. purchased a new position in GFL Environmental during the first quarter valued at $28,000. LRI Investments LLC bought a new stake in GFL Environmental in the first quarter worth $34,000. Harbor Investment Advisory LLC purchased a new stake in GFL Environmental during the 1st quarter valued at about $53,000. Finally, Versant Capital Management Inc increased its position in shares of GFL Environmental by 3,470.3% during the first quarter. Versant Capital Management Inc now owns 1,321 shares of the company’s stock valued at $64,000 after acquiring an additional 1,284 shares in the last quarter. Institutional investors own 64.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on GFL. National Bank Financial upgraded shares of GFL Environmental to a “strong-buy” rating in a research note on Monday, May 26th. Raymond James Financial reissued an “outperform” rating and set a $57.00 price target (up from $56.00) on shares of GFL Environmental in a report on Friday, May 2nd. Citigroup raised their price target on GFL Environmental from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, August 4th. Seaport Res Ptn upgraded GFL Environmental to a “strong-buy” rating in a research report on Tuesday, May 6th. Finally, Scotiabank raised their target price on GFL Environmental from $56.00 to $60.00 and gave the stock a “sector outperform” rating in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $57.86.

GFL Environmental Stock Up 1.5%

NYSE GFL opened at $50.07 on Friday. GFL Environmental Inc. has a 52 week low of $38.78 and a 52 week high of $52.00. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $18.19 billion, a P/E ratio of 7.88 and a beta of 1.00. The stock’s 50-day moving average price is $49.15 and its 200-day moving average price is $48.44.

GFL Environmental (NYSE:GFL) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. GFL Environmental had a return on equity of 3.71% and a net margin of 48.53%.The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the previous year, the company posted $0.29 EPS. The firm’s revenue was up 5.9% on a year-over-year basis. GFL Environmental has set its FY 2025 guidance at EPS. On average, equities research analysts predict that GFL Environmental Inc. will post 0.58 earnings per share for the current year.

GFL Environmental Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, July 14th were given a dividend of $0.0154 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Monday, July 14th. GFL Environmental’s dividend payout ratio (DPR) is presently 0.94%.

GFL Environmental Profile

GFL Environmental Inc offers non-hazardous solid waste management and environmental services in Canada and the United States. It offers solid waste management, liquid waste management, and soil remediation services, including collection, transportation, transfer, recycling, and disposal services for municipal, residential, and commercial, and industrial customers.