GM Advisory Group LLC Makes New Investment in GFL Environmental Inc. $GFL

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 first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 13,458 shares of the company's stock, valued at approximately $650,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GFL. Maven Securities LTD purchased a new stake in shares of GFL Environmental during the first quarter worth about $483,000. Northern Trust Corp raised its stake in shares of GFL Environmental by 48.0% in the 1st quarter. Northern Trust Corp now owns 768,936 shares of the company's stock valued at $37,147,000 after acquiring an additional 249,233 shares during the period. Northwest & Ethical Investments L.P. raised its stake in shares of GFL Environmental by 76.3% in the 1st quarter. Northwest & Ethical Investments L.P. now owns 17,932 shares of the company's stock valued at $867,000 after acquiring an additional 7,763 shares during the period. American Century Companies Inc. increased its stake in GFL Environmental by 87.2% during the 1st quarter. American Century Companies Inc. now owns 4,515,302 shares of the company's stock worth $218,134,000 after buying an additional 2,102,663 shares during the period. Finally, Element Capital Management LLC purchased a new stake in shares of GFL Environmental in the 1st quarter valued at approximately $432,000. 64.70% of the stock is currently owned by institutional investors.

GFL Environmental Trading Up 0.2%

GFL stock traded up $0.12 during trading on Tuesday, hitting $49.59. 390,348 shares of the company traded hands, compared to its average volume of 1,631,212. The firm has a market capitalization of $18.02 billion, a PE ratio of 7.81 and a beta of 1.00. GFL Environmental Inc. has a 1 year low of $38.78 and a 1 year high of $52.00. The company has a 50-day moving average of $49.14 and a 200-day moving average of $48.38. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.67 and a current ratio of 0.67.

GFL Environmental (NYSE:GFL - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.19 earnings per share for the quarter, hitting 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 business's revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the business posted $0.29 EPS. GFL Environmental has set its FY 2025 guidance at EPS. Analysts predict that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, July 14th were issued a $0.0154 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.1%. GFL Environmental's payout ratio is currently 0.94%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Scotiabank raised their target price on shares of GFL Environmental from $56.00 to $60.00 and gave the stock a "sector outperform" rating in a research note on Friday, August 1st. National Bank Financial raised shares of GFL Environmental to a "strong-buy" rating in a research report on Monday, May 26th. Raymond James Financial restated an "outperform" rating and issued a $57.00 price target (up previously from $56.00) on shares of GFL Environmental in a research note on Friday, May 2nd. JPMorgan Chase & Co. began coverage on shares of GFL Environmental in a research report on Friday, May 23rd. They set a "neutral" rating and a $54.00 price target for the company. Finally, Royal Bank Of Canada raised their price objective on shares of GFL Environmental from $56.00 to $59.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $57.86.

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.