126,028 Shares in GFL Environmental Inc. $GFL Acquired by Aviva PLC

Aviva PLC bought a new stake in GFL Environmental Inc. (NYSE:GFL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 126,028 shares of the company’s stock, valued at approximately $6,361,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GFL. Vanguard Group Inc. grew its stake in shares of GFL Environmental by 1.7% during the first quarter. Vanguard Group Inc. now owns 8,843,436 shares of the company’s stock worth $427,166,000 after purchasing an additional 146,256 shares in the last quarter. Palumbo Wealth Management LLC purchased a new stake in GFL Environmental during the 2nd quarter worth about $553,000. Amundi lifted its holdings in GFL Environmental by 9.5% during the 1st quarter. Amundi now owns 135,828 shares of the company’s stock worth $6,537,000 after buying an additional 11,801 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of GFL Environmental by 2.7% during the 1st quarter. Bank of New York Mellon Corp now owns 192,306 shares of the company’s stock worth $9,290,000 after acquiring an additional 4,981 shares in the last quarter. Finally, UniSuper Management Pty Ltd increased its holdings in shares of GFL Environmental by 818.6% in the 1st quarter. UniSuper Management Pty Ltd now owns 36,742 shares of the company’s stock valued at $1,775,000 after acquiring an additional 32,742 shares during the last quarter. Institutional investors and hedge funds own 64.70% of the company’s stock.

Analyst Ratings Changes

GFL has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their price target on shares of GFL Environmental from $54.00 to $46.75 and set a “neutral” rating on the stock in a research note on Friday, November 7th. UBS Group increased their target price on shares of GFL Environmental from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Monday. Royal Bank Of Canada lifted their price target on shares of GFL Environmental from $56.00 to $59.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Weiss Ratings restated a “buy (b)” rating on shares of GFL Environmental in a research note on Wednesday, October 8th. Finally, Citigroup raised their price objective on GFL Environmental from $58.00 to $61.00 and gave the stock a “buy” rating in a report on Wednesday, September 17th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $57.97.

GFL Environmental Stock Performance

Shares of GFL stock opened at $43.78 on Thursday. The stock’s 50-day moving average price is $45.74 and its 200 day moving average price is $48.12. The company has a quick ratio of 0.67, a current ratio of 0.69 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $15.91 billion, a PE ratio of 6.86 and a beta of 1.14. GFL Environmental Inc. has a 52-week low of $41.29 and a 52-week high of $52.00.

GFL Environmental (NYSE:GFL) last announced its earnings results on Wednesday, November 5th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.02). The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.69 billion. GFL Environmental had a net margin of 50.99% and a return on equity of 3.06%. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.33 earnings per share. GFL Environmental has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that GFL Environmental Inc. will post 0.58 EPS for the current year.

GFL Environmental Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th were paid a $0.0154 dividend. This represents a $0.06 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Wednesday, October 15th. GFL Environmental’s payout ratio is currently 0.94%.

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.