Geneos Wealth Management Inc. Boosts Stock Position in GFL Environmental Inc. $GFL

Geneos Wealth Management Inc. raised its position in GFL Environmental Inc. (NYSE:GFL) by 153.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,133 shares of the company’s stock after acquiring an additional 3,710 shares during the quarter. Geneos Wealth Management Inc.’s holdings in GFL Environmental were worth $296,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in GFL. Millstone Evans Group LLC boosted its position in GFL Environmental by 147.8% in the 1st quarter. Millstone Evans Group LLC now owns 560 shares of the company’s stock valued at $27,000 after buying an additional 334 shares during the period. Bessemer Group Inc. purchased a new position in GFL Environmental in the first quarter valued at $28,000. LRI Investments LLC acquired a new position in GFL Environmental during the 1st quarter worth $34,000. Harbor Investment Advisory LLC acquired a new position in GFL Environmental during the 1st quarter worth $53,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in GFL Environmental during the 1st quarter worth about $59,000. Institutional investors and hedge funds own 64.70% of the company’s stock.

Wall Street Analyst Weigh In

GFL has been the subject of several recent research reports. Scotiabank lifted their price objective on GFL Environmental from $56.00 to $60.00 and gave the company a “sector outperform” rating in a research note on Friday, August 1st. Citigroup raised their target price on shares of GFL Environmental from $56.00 to $58.00 and gave the company a “buy” rating in a report on Monday, August 4th. Royal Bank Of Canada boosted their price target on shares of GFL Environmental from $56.00 to $59.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Truist Financial increased their price objective on shares of GFL Environmental from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Finally, National Bank Financial raised shares of GFL Environmental to a “strong-buy” rating in a research report on Monday, May 26th. 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $57.86.

GFL Environmental Stock Performance

Shares of GFL opened at $46.31 on Tuesday. GFL Environmental Inc. has a 12-month low of $38.78 and a 12-month high of $52.00. The stock has a market cap of $16.83 billion, a P/E ratio of 7.29 and a beta of 1.11. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.89. The company has a 50-day moving average of $48.87 and a two-hundred day moving average of $48.68.

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

GFL Environmental Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, July 14th were issued a $0.0154 dividend. The ex-dividend date was Monday, July 14th. This represents a $0.06 annualized dividend and a yield of 0.1%. GFL Environmental’s payout ratio is 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.