13,458 Shares in GFL Environmental Inc. $GFL Acquired by GM Advisory Group LLC

Key Points

• GM Advisory Group LLC has acquired 13,458 shares of GFL Environmental Inc., valued at approximately $650,000.
• Multiple analysts have rated GFL Environmental stock positively, with price targets ranging from $56.00 to $60.00, indicating a general consensus of a "buy" rating.
• GFL Environmental recently announced a quarterly dividend of $0.0154 per share, translating to an annual yield of 0.1%.

GM Advisory Group LLC acquired a new stake in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 13,458 shares of the company's stock, valued at approximately $650,000.

Several other large investors also recently added to or reduced their stakes in GFL. CANADA LIFE ASSURANCE Co raised its holdings in shares of GFL Environmental by 0.6% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 91,316 shares of the company's stock valued at $3,998,000 after purchasing an additional 526 shares in the last quarter. Natixis acquired a new position in GFL Environmental during the fourth quarter worth $49,000. TD Waterhouse Canada Inc. raised its holdings in GFL Environmental by 12.3% during the fourth quarter. TD Waterhouse Canada Inc. now owns 56,617 shares of the company's stock valued at $2,478,000 after buying an additional 6,209 shares in the last quarter. OneDigital Investment Advisors LLC bought a new position in GFL Environmental during the fourth quarter valued at about $750,000. Finally, Stifel Financial Corp lifted its position in shares of GFL Environmental by 4.7% in the fourth quarter. Stifel Financial Corp now owns 90,730 shares of the company's stock worth $4,041,000 after buying an additional 4,086 shares during the last quarter. 64.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on GFL shares. Citigroup increased their price objective on GFL Environmental from $56.00 to $58.00 and gave the company a "buy" rating in a report on Monday, August 4th. Truist Financial upped their target price on GFL Environmental from $58.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Seaport Res Ptn upgraded GFL Environmental to a "strong-buy" rating in a report on Tuesday, May 6th. Raymond James Financial restated an "outperform" rating and issued a $57.00 price objective (up from $56.00) on shares of GFL Environmental in a research note on Friday, May 2nd. Finally, Scotiabank upped their price objective on shares of GFL Environmental from $56.00 to $60.00 and gave the stock a "sector outperform" rating in a report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, GFL Environmental currently has an average rating of "Buy" and an average target price of $57.86.

GFL Environmental Stock Up 1.3%

GFL opened at $50.4510 on Thursday. The business has a 50 day moving average of $49.12 and a 200-day moving average of $48.22. The stock has a market capitalization of $18.33 billion, a price-to-earnings ratio of 7.95 and a beta of 1.00. 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 1-year low of $38.78 and a 1-year high of $52.00.

GFL Environmental (NYSE:GFL - Get Free Report) last announced its earnings results 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 net margin of 48.53% and a return on equity of 3.71%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the previous year, the firm posted $0.29 earnings per share. GFL Environmental's revenue was up 5.9% compared to the same quarter last year. GFL Environmental has set its FY 2025 guidance at EPS. As a group, sell-side 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 announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, July 14th were paid a $0.0154 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.1%. GFL Environmental's payout ratio is presently 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.

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