Janney Montgomery Scott LLC Grows Stake in GFL Environmental Inc. $GFL

Janney Montgomery Scott LLC grew its holdings in GFL Environmental Inc. (NYSE:GFL) by 4.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 17,372 shares of the company’s stock after acquiring an additional 696 shares during the quarter. Janney Montgomery Scott LLC’s holdings in GFL Environmental were worth $877,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Palumbo Wealth Management LLC purchased a new position in shares of GFL Environmental in the 2nd quarter valued at about $553,000. Oliver Lagore Vanvalin Investment Group purchased a new position in GFL Environmental during the 2nd quarter worth approximately $90,000. Mn Services Vermogensbeheer B.V. purchased a new position in GFL Environmental during the 2nd quarter worth approximately $3,965,000. Harbor Capital Advisors Inc. grew its stake in GFL Environmental by 1.8% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 42,493 shares of the company’s stock worth $2,144,000 after buying an additional 739 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in GFL Environmental by 153.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 6,133 shares of the company’s stock worth $296,000 after buying an additional 3,710 shares during the last quarter. Hedge funds and other institutional investors own 64.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GFL. Raymond James Financial set a $57.00 price target on GFL Environmental and gave the stock an “outperform” rating in a research note on Monday, October 6th. Truist Financial raised 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. Royal Bank Of Canada raised their price target on GFL Environmental from $56.00 to $59.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Barclays began coverage on GFL Environmental in a research note on Friday, September 19th. They set an “overweight” rating and a $62.00 price target on the stock. Finally, Citigroup raised their price target on GFL Environmental from $58.00 to $61.00 and gave the stock a “buy” rating in a research note on Wednesday, September 17th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $58.50.

GFL Environmental Stock Down 0.1%

GFL opened at $45.59 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.67 and a quick ratio of 0.67. The business has a 50 day simple moving average of $48.09 and a 200-day simple moving average of $48.54. The stock has a market capitalization of $16.56 billion, a P/E ratio of 7.18 and a beta of 1.17. GFL Environmental Inc. has a 12 month low of $39.63 and a 12 month high of $52.00.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. The business had revenue of $1.23 billion during 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 company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the firm earned $0.29 EPS. GFL Environmental has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be 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 is Wednesday, October 15th. GFL Environmental’s dividend payout ratio (DPR) is currently 0.94%.

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.