GFL Environmental (NYSE:GFL) Coverage Initiated by Analysts at William Blair

William Blair initiated coverage on shares of GFL Environmental (NYSE:GFL) in a research note released on Thursday morning, Marketbeat Ratings reports. The brokerage issued an outperform rating on the stock.

GFL has been the topic of a number of other reports. Royal Bank Of Canada lifted their price objective on shares of GFL Environmental from $56.00 to $59.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Scotiabank lifted their price objective on shares of GFL Environmental from $56.00 to $60.00 and gave the company a “sector outperform” rating in a research note on Friday, August 1st. Truist Financial lifted their price objective on shares of GFL Environmental from $58.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Barclays assumed coverage on shares of GFL Environmental in a research note on Friday, September 19th. They set an “overweight” rating and a $62.00 price objective on the stock. Finally, Citigroup lifted their price objective on shares of GFL Environmental from $58.00 to $61.00 and gave the company a “buy” rating in a research note on Wednesday, September 17th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $58.75.

GFL Environmental Stock Performance

Shares of GFL opened at $46.72 on Thursday. GFL Environmental has a 1 year low of $38.78 and a 1 year high of $52.00. The company has a market cap of $16.98 billion, a price-to-earnings ratio of 7.36 and a beta of 1.11. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a fifty day moving average of $48.69 and a 200-day moving average of $48.63.

GFL Environmental (NYSE:GFL) last announced 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. GFL Environmental had a net margin of 48.53% and a return on equity of 3.71%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the previous year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. GFL Environmental has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that GFL Environmental will post 0.58 earnings per share for the current year.

GFL Environmental Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, July 14th were issued a $0.0154 dividend. 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 payout ratio is 0.94%.

Institutional Investors Weigh In On GFL Environmental

Several large investors have recently added to or reduced their stakes in the stock. Munro Partners bought a new stake in GFL Environmental during the second quarter worth approximately $12,926,000. Boussard & Gavaudan Investment Management LLP grew its stake in shares of GFL Environmental by 14.3% during the second quarter. Boussard & Gavaudan Investment Management LLP now owns 66,058 shares of the company’s stock valued at $3,299,000 after buying an additional 8,288 shares during the last quarter. Hudson Bay Capital Management LP grew its stake in shares of GFL Environmental by 823.0% during the second quarter. Hudson Bay Capital Management LP now owns 197,366 shares of the company’s stock valued at $9,959,000 after buying an additional 224,666 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its stake in shares of GFL Environmental by 10.2% during the second quarter. CANADA LIFE ASSURANCE Co now owns 96,188 shares of the company’s stock valued at $4,803,000 after buying an additional 8,898 shares during the last quarter. Finally, SkyView Investment Advisors LLC grew its stake in shares of GFL Environmental by 2.0% during the second quarter. SkyView Investment Advisors LLC now owns 23,068 shares of the company’s stock valued at $1,147,000 after buying an additional 443 shares during the last quarter. 64.70% of the stock is owned by institutional investors.

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.