7,798 Shares in GFL Environmental Inc. $GFL Purchased by United Services Automobile Association

Key Points

• United Services Automobile Association purchased 7,798 shares of GFL Environmental Inc., valued at approximately $373,000, during the 1st quarter this year.
• GFL Environmental's stock has seen interest from major investors, with Goldman Sachs increasing its holdings by 94.1%, alongside other significant stakes from institutions like Jones Financial and Dynamic Technology.
• GFL Environmental reported earnings of $0.19 per share for the last quarter, matching expectations, but its revenue of $1.23 billion fell short of analysts' estimates of $1.68 billion.

United Services Automobile Association purchased a new position in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 7,798 shares of the company's stock, valued at approximately $373,000.

A number of other large investors also recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. raised its holdings in GFL Environmental by 94.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 714,438 shares of the company's stock worth $34,514,000 after buying an additional 346,394 shares during the period. Jones Financial Companies Lllp raised its holdings in GFL Environmental by 684.5% during the 1st quarter. Jones Financial Companies Lllp now owns 2,573 shares of the company's stock worth $124,000 after buying an additional 2,245 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in GFL Environmental during the 1st quarter worth approximately $1,016,000. UniSuper Management Pty Ltd raised its holdings in GFL Environmental by 818.6% during the 1st quarter. UniSuper Management Pty Ltd now owns 36,742 shares of the company's stock worth $1,775,000 after buying an additional 32,742 shares during the period. Finally, Scientech Research LLC acquired a new stake in GFL Environmental during the 1st quarter worth approximately $782,000. 64.70% of the stock is currently owned by institutional investors and hedge funds.

GFL Environmental Price Performance

NYSE:GFL opened at $48.16 on Friday. GFL Environmental Inc. has a 1-year low of $38.78 and a 1-year high of $52.00. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.89. The firm has a fifty day simple moving average of $48.93 and a 200 day simple moving average of $48.58. The stock has a market capitalization of $17.50 billion, a PE ratio of 7.58 and a beta of 1.11.

GFL Environmental (NYSE:GFL - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.19 earnings per share for the quarter, meeting the consensus estimate 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 during the quarter, compared to analysts' expectations of $1.68 billion. During the same period last year, the business earned $0.29 earnings per share. The firm's revenue was up 5.9% on a year-over-year basis. GFL Environmental has set its FY 2025 guidance at EPS. On average, research analysts expect that GFL Environmental Inc. will post 0.58 EPS for the current fiscal year.

GFL Environmental Dividend Announcement

The company 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. The ex-dividend date of this dividend was Monday, July 14th. This represents a $0.06 annualized dividend and a dividend yield of 0.1%. GFL Environmental's dividend payout ratio (DPR) is currently 0.94%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of GFL Environmental in a report on Friday, May 23rd. They set a "neutral" rating and a $54.00 target price on the stock. Truist Financial raised their price target on shares of GFL Environmental from $58.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. 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 equities research 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, the company has a consensus rating of "Buy" and a consensus price target of $57.86.

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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