GFL Environmental Inc. $GFL Shares Acquired by Amundi

Amundi lifted its position in shares of GFL Environmental Inc. (NYSE:GFL) by 9.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 135,828 shares of the company’s stock after acquiring an additional 11,801 shares during the period. Amundi’s holdings in GFL Environmental were worth $6,537,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bessemer Group Inc. acquired a new position in GFL Environmental in the first quarter valued at approximately $28,000. Cambridge Investment Research Advisors Inc. acquired a new position in GFL Environmental in the first quarter valued at approximately $385,000. Vanguard Group Inc. boosted its stake in GFL Environmental by 1.7% in the first quarter. Vanguard Group Inc. now owns 8,843,436 shares of the company’s stock valued at $427,166,000 after acquiring an additional 146,256 shares during the period. Bank of New York Mellon Corp boosted its stake in GFL Environmental by 2.7% in the first quarter. Bank of New York Mellon Corp now owns 192,306 shares of the company’s stock valued at $9,290,000 after acquiring an additional 4,981 shares during the period. Finally, Cetera Investment Advisers boosted its stake in GFL Environmental by 43.1% in the first quarter. Cetera Investment Advisers now owns 17,516 shares of the company’s stock valued at $846,000 after acquiring an additional 5,278 shares during the period. 64.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on GFL shares. JPMorgan Chase & Co. started coverage on GFL Environmental in a research report on Friday, May 23rd. They set a “neutral” rating and a $54.00 price objective for the company. Royal Bank Of Canada boosted their price objective on GFL Environmental from $56.00 to $59.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. National Bank Financial raised GFL Environmental to a “strong-buy” rating in a research note on Monday, May 26th. Truist Financial increased their price target on GFL Environmental from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Finally, Scotiabank increased their price target on GFL Environmental from $56.00 to $60.00 and gave the stock a “sector outperform” rating in a research note on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, GFL Environmental presently has an average rating of “Buy” and an average target price of $57.86.

GFL Environmental Stock Performance

GFL opened at $47.40 on Thursday. The company has a market capitalization of $17.22 billion, a price-to-earnings ratio of 7.46 and a beta of 1.11. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.67 and a quick ratio of 0.67. GFL Environmental Inc. has a 1-year low of $38.78 and a 1-year high of $52.00. The business has a 50 day moving average price of $48.93 and a two-hundred day moving average price of $48.57.

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

GFL Environmental Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, July 14th were issued 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 of this dividend was Monday, July 14th. GFL Environmental’s dividend payout ratio is currently 0.94%.

GFL Environmental Company 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.