GFL Environmental Inc. $GFL Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp cut its position in GFL Environmental Inc. (NYSE:GFL) by 27.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,185 shares of the company’s stock after selling 458 shares during the period. Fifth Third Bancorp’s holdings in GFL Environmental were worth $60,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in GFL. Millstone Evans Group LLC lifted its holdings 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 purchasing an additional 334 shares in the last quarter. Bessemer Group Inc. acquired a new stake in shares of GFL Environmental in the first quarter valued at about $28,000. LRI Investments LLC purchased a new position in shares of GFL Environmental in the first quarter worth about $34,000. Harbor Investment Advisory LLC acquired a new position in GFL Environmental during the first quarter worth about $53,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in GFL Environmental during the 1st quarter valued at about $59,000. 64.70% of the stock is currently owned by hedge funds and other institutional investors.

GFL Environmental Stock Performance

NYSE GFL opened at $46.75 on Friday. The stock has a fifty day simple moving average of $48.63 and a 200-day simple moving average of $48.66. 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 stock has a market cap of $16.99 billion, a PE ratio of 7.36 and a beta of 1.17. GFL Environmental Inc. has a twelve month low of $39.10 and a twelve month high of $52.00.

GFL Environmental (NYSE:GFL) last posted its earnings results on Wednesday, July 30th. The company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the prior year, the company posted $0.29 earnings per share. GFL Environmental’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. Equities analysts anticipate that GFL Environmental Inc. will post 0.58 earnings per share for the current year.

GFL Environmental Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be given a dividend of $0.0154 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.1%. GFL Environmental’s dividend payout ratio (DPR) is presently 0.94%.

Analyst Upgrades and Downgrades

GFL has been the subject of a number of recent research reports. Stifel Nicolaus began coverage on shares of GFL Environmental in a report on Tuesday. They issued a “buy” rating for the company. William Blair assumed coverage on GFL Environmental in a report on Thursday, September 25th. They issued an “outperform” rating 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 note on Friday, August 1st. Truist Financial upped their target price on GFL Environmental from $58.00 to $60.00 and gave the company a “buy” rating in a report on Friday, August 1st. Finally, Citigroup lifted their price target on GFL Environmental from $58.00 to $61.00 and gave the stock a “buy” rating in a report on Wednesday, September 17th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $58.75.

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.