Public Employees Retirement System of Ohio Lowers Holdings in GFL Environmental Inc. $GFL

Public Employees Retirement System of Ohio decreased its stake in shares of GFL Environmental Inc. (NYSE:GFL) by 25.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,292 shares of the company’s stock after selling 4,597 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in GFL Environmental were worth $670,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Millstone Evans Group LLC raised its holdings in shares of GFL Environmental by 147.8% during the 1st quarter. Millstone Evans Group LLC now owns 560 shares of the company’s stock worth $27,000 after acquiring an additional 334 shares in the last quarter. OneDigital Investment Advisors LLC raised its stake in GFL Environmental by 2.6% during the first quarter. OneDigital Investment Advisors LLC now owns 17,264 shares of the company’s stock valued at $834,000 after purchasing an additional 436 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in GFL Environmental by 1.1% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,309 shares of the company’s stock valued at $2,478,000 after purchasing an additional 574 shares in the last quarter. Bessemer Group Inc. bought a new position in GFL Environmental during the first quarter valued at $28,000. Finally, LRI Investments LLC purchased a new position in shares of GFL Environmental in the 1st quarter worth $34,000. Hedge funds and other institutional investors own 64.70% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on GFL shares. Barclays started coverage on shares of GFL Environmental in a research report on Friday, September 19th. They set an “overweight” rating and a $62.00 target price on the stock. William Blair assumed coverage on GFL Environmental in a research report on Thursday, September 25th. They set an “outperform” rating on the stock. Stifel Nicolaus assumed coverage on GFL Environmental in a report on Tuesday, September 30th. They issued a “buy” rating for the company. Weiss Ratings restated a “buy (b)” rating on shares of GFL Environmental in a report on Saturday, September 27th. Finally, Truist Financial raised their price objective on shares of GFL Environmental from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $58.75.

GFL Environmental Trading Down 0.4%

NYSE GFL opened at $46.57 on Monday. 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 company has a market capitalization of $16.92 billion, a price-to-earnings ratio of 7.33 and a beta of 1.17. The company’s 50-day simple moving average is $48.60 and its two-hundred day simple moving average is $48.66. GFL Environmental Inc. has a one year low of $39.33 and a one year high of $52.00.

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

GFL Environmental Announces Dividend

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 yield of 0.1%. GFL Environmental’s dividend payout ratio (DPR) is presently 0.94%.

About GFL Environmental

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.