550,000 Shares in GFL Environmental Inc. $GFL Bought by Ghisallo Capital Management LLC

Key Points

• Ghisallo Capital Management LLC has acquired 550,000 shares of GFL Environmental Inc., valued at approximately $26.57 million, making it the fund's 9th largest holding.
• GFL Environmental reported a quarterly earnings per share (EPS) of $0.19, meeting analysts' estimates, while revenue was $1.23 billion, below the consensus of $1.68 billion.
• Equities research analysts remain optimistic, with a consensus rating of "Buy" and an average target price of $57.86 for GFL Environmental's stock.

Ghisallo Capital Management LLC acquired a new position in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 550,000 shares of the company's stock, valued at approximately $26,570,000. GFL Environmental comprises 2.3% of Ghisallo Capital Management LLC's holdings, making the stock its 9th biggest position. Ghisallo Capital Management LLC owned about 0.14% of GFL Environmental at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GFL. Millstone Evans Group LLC grew its holdings in GFL Environmental by 147.8% in 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 in the last quarter. Bessemer Group Inc. bought a new position in GFL Environmental in the 1st quarter worth approximately $28,000. LRI Investments LLC bought a new position in GFL Environmental in the 1st quarter worth approximately $34,000. Harbor Investment Advisory LLC bought a new position in GFL Environmental in the 1st quarter worth approximately $53,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in GFL Environmental in the 1st quarter worth approximately $59,000. 64.70% of the stock is owned by institutional investors.

GFL Environmental Trading Down 0.9%

GFL stock traded down $0.44 during trading on Friday, hitting $47.80. The company had a trading volume of 1,162,486 shares, compared to its average volume of 1,604,482. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.89. The firm has a 50-day moving average price of $49.08 and a 200-day moving average price of $48.53. GFL Environmental Inc. has a 12 month low of $38.78 and a 12 month high of $52.00. The stock has a market cap of $17.37 billion, a price-to-earnings ratio of 7.52 and a beta of 1.11.

GFL Environmental (NYSE:GFL - Get Free Report) last posted 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. GFL Environmental had a net margin of 48.53% and a return on equity of 3.71%. The firm had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.68 billion. During the same quarter in the previous year, the company posted $0.29 EPS. GFL Environmental's revenue was up 5.9% on a year-over-year basis. GFL Environmental has set its FY 2025 guidance at EPS. As a group, analysts predict that GFL Environmental Inc. will post 0.58 earnings per share for the current year.

GFL Environmental Announces Dividend

The firm also recently announced 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. The ex-dividend date was Monday, July 14th. This represents a $0.06 annualized dividend and a dividend yield of 0.1%. GFL Environmental's payout ratio is presently 0.94%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on GFL. JPMorgan Chase & Co. began coverage on GFL Environmental in a report on Friday, May 23rd. They issued a "neutral" rating and a $54.00 price objective for the company. Citigroup increased their price objective on GFL Environmental from $56.00 to $58.00 and gave the stock a "buy" rating in a report on Monday, August 4th. National Bank Financial upgraded GFL Environmental to a "strong-buy" rating in a research report on Monday, May 26th. 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. Finally, Scotiabank increased their price objective on GFL Environmental from $56.00 to $60.00 and gave the stock a "sector outperform" rating in a report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, GFL Environmental currently has an average rating of "Buy" and a consensus target price 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.