Dynamic Technology Lab Private Ltd Purchases Shares of 21,034 GFL Environmental Inc. $GFL

Key Points

• Dynamic Technology Lab Private Ltd recently acquired 21,034 shares of GFL Environmental Inc. for about $1,016,000, highlighting growing institutional interest in the company.
• GFL Environmental reported a revenue of $1.23 billion for the last quarter, which was below the consensus estimate of $1.68 billion, while it met earnings expectations with an EPS of $0.19.
• The company announced a quarterly dividend of $0.0154 per share, with an annualized dividend yield of 0.1%, indicating a modest return for shareholders.

Dynamic Technology Lab Private Ltd acquired a new stake in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 21,034 shares of the company's stock, valued at approximately $1,016,000.

Other hedge funds have also bought and sold shares of the company. Millstone Evans Group LLC increased its position in GFL Environmental by 147.8% during the first quarter. Millstone Evans Group LLC now owns 560 shares of the company's stock valued at $27,000 after acquiring an additional 334 shares during the last quarter. Bessemer Group Inc. bought a new position in GFL Environmental during the first quarter valued at $28,000. LRI Investments LLC bought a new position in GFL Environmental during the first quarter valued at $34,000. Harbor Investment Advisory LLC purchased a new stake in shares of GFL Environmental during the first quarter valued at $53,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of GFL Environmental in the first quarter worth about $59,000. Institutional investors own 64.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on GFL shares. JPMorgan Chase & Co. started coverage on shares of GFL Environmental in a research note on Friday, May 23rd. They issued a "neutral" rating and a $54.00 price target on the stock. National Bank Financial raised shares of GFL Environmental to a "strong-buy" rating in a research note on Monday, May 26th. Royal Bank Of Canada raised 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. Citigroup raised their price target on shares of GFL Environmental from $56.00 to $58.00 and gave the stock a "buy" rating in a research note on Monday, August 4th. Finally, Scotiabank raised their price target 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. 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. According to MarketBeat, GFL Environmental currently has an average rating of "Buy" and an average price target of $57.86.

GFL Environmental Stock Down 2.0%

NYSE:GFL traded down $0.97 during mid-day trading on Friday, reaching $47.17. The company's stock had a trading volume of 1,139,391 shares, compared to its average volume of 1,123,994. GFL Environmental Inc. has a 1 year low of $38.78 and a 1 year high of $52.00. The stock has a fifty day moving average of $48.91 and a 200-day moving average of $48.63. The firm has a market capitalization of $17.14 billion, a PE ratio of 7.43 and a beta of 1.11. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.89.

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 analysts' consensus estimates of $0.19. GFL Environmental had a net margin of 48.53% and a return on equity of 3.71%. The company 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 firm earned $0.29 earnings per share. The firm'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. Equities research analysts forecast that GFL Environmental Inc. will post 0.58 earnings per share for the current year.

GFL Environmental Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, July 14th were given a dividend of $0.0154 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, July 14th. GFL Environmental's dividend payout ratio is presently 0.94%.

About GFL Environmental

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.