GFL Environmental Inc. $GFL Position Boosted by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. increased its position in GFL Environmental Inc. (NYSE:GFL) by 10.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,228 shares of the company’s stock after purchasing an additional 489 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in GFL Environmental were worth $264,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Millstone Evans Group LLC lifted its holdings in 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 buying an additional 334 shares during the last quarter. Bessemer Group Inc. bought a new position in GFL Environmental during the first quarter worth $28,000. LRI Investments LLC acquired a new position in GFL Environmental in the first quarter worth $34,000. Caitong International Asset Management Co. Ltd bought a new stake in GFL Environmental during the first quarter valued at $59,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of GFL Environmental during the second quarter worth $90,000. Institutional investors and hedge funds own 64.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on GFL shares. William Blair initiated coverage on shares of GFL Environmental in a report on Thursday, September 25th. They issued an “outperform” rating for the company. UBS Group decreased their target price on GFL Environmental from $63.00 to $58.00 and set a “buy” rating for the company in a research note on Thursday, October 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of GFL Environmental in a research report on Wednesday, October 8th. Stifel Nicolaus began coverage on GFL Environmental in a report on Tuesday, September 30th. They issued a “buy” rating on the stock. Finally, Raymond James Financial set a $57.00 price objective on GFL Environmental and gave the company an “outperform” rating in a research report on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $58.63.

GFL Environmental Price Performance

Shares of NYSE:GFL opened at $45.54 on Friday. The firm’s 50 day moving average is $47.30 and its two-hundred day moving average is $48.48. The firm has a market capitalization of $16.55 billion, a P/E ratio of 7.17 and a beta of 1.17. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.89. GFL Environmental Inc. has a 52 week low of $39.63 and a 52 week high of $52.00.

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 analysts’ consensus estimates of $0.19. GFL Environmental had a return on equity of 3.71% and a net margin of 48.53%.The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same period in the prior year, the company posted $0.29 EPS. The business’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. Analysts anticipate that GFL Environmental Inc. will post 0.58 earnings per share for the current 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 dividend of $0.0154 per share. This represents a $0.06 dividend on an annualized basis 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 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.