United Services Automobile Association Makes New $373,000 Investment in GFL Environmental Inc. $GFL

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 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 and Exchange Commission (SEC). The institutional investor purchased 7,798 shares of the company's stock, valued at approximately $373,000.

Several other hedge funds have also recently added to or reduced their stakes in GFL. American Century Companies Inc. raised its stake in shares of GFL Environmental by 87.2% in the 1st quarter. American Century Companies Inc. now owns 4,515,302 shares of the company's stock valued at $218,134,000 after purchasing an additional 2,102,663 shares during the period. Robeco Schweiz AG acquired a new position in GFL Environmental during the first quarter worth approximately $32,724,000. 1832 Asset Management L.P. acquired a new position in GFL Environmental in the 1st quarter valued at about $27,150,000. Ghisallo Capital Management LLC acquired a new position in shares of GFL Environmental in the first quarter valued at approximately $26,570,000. Finally, Canada Pension Plan Investment Board grew its holdings in GFL Environmental by 101.7% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,089,215 shares of the company's stock valued at $52,621,000 after buying an additional 549,309 shares in the last quarter. Institutional investors and hedge funds own 64.70% of the company's stock.

GFL Environmental Stock Up 1.0%

Shares of GFL stock traded up $0.48 on Wednesday, hitting $46.87. The stock had a trading volume of 272,855 shares, compared to its average volume of 1,598,866. The business has a 50 day moving average of $48.85 and a 200 day moving average of $48.66. The stock has a market cap of $17.03 billion, a price-to-earnings ratio of 7.39 and a beta of 1.11. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.67 and a quick ratio of 0.67. GFL Environmental Inc. has a 12-month low of $38.78 and a 12-month 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 EPS for the quarter, meeting the consensus estimate of $0.19. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.68 billion. GFL Environmental had a net margin of 48.53% and a return on equity of 3.71%. The firm's revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.29 earnings per share. GFL Environmental has set its FY 2025 guidance at EPS. As a group, analysts expect that GFL Environmental Inc. will post 0.58 EPS for the current year.

GFL Environmental Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, July 14th were given a dividend of $0.0154 per share. 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%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Citigroup increased their price target on GFL Environmental from $58.00 to $61.00 and gave the stock a "buy" rating in a research report on Wednesday. Truist Financial raised their target price on shares of GFL Environmental from $58.00 to $60.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Scotiabank lifted 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 report on Friday, August 1st. Royal Bank Of Canada lifted their price objective on GFL Environmental from $56.00 to $59.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Finally, National Bank Financial raised GFL Environmental to a "strong-buy" rating in a research note on Monday, May 26th. 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, the company presently has an average rating of "Buy" and an average target price of $58.29.

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.