ADW Capital Management LLC Boosts Stock Position in GFL Environmental Inc. $GFL

Key Points

• ADW Capital Management LLC has increased its holdings in GFL Environmental Inc. by 2.0%, now owning 1,010,000 shares, which represents about 15.8% of its investment portfolio.
• Several hedge funds, including Vanguard Group Inc. and Bank of New York Mellon Corp, have also increased their stakes in GFL Environmental, indicating growing institutional interest in the company.
• GFL Environmental's stock has a consensus rating of "Buy" from analysts, with a target price averaging around $57.86, as per various recent evaluations.

ADW Capital Management LLC boosted its holdings in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 2.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,010,000 shares of the company's stock after purchasing an additional 20,000 shares during the period. GFL Environmental accounts for approximately 15.8% of ADW Capital Management LLC's holdings, making the stock its 2nd largest holding. ADW Capital Management LLC owned approximately 0.26% of GFL Environmental worth $48,793,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Millstone Evans Group LLC increased its holdings in GFL Environmental by 147.8% during the 1st quarter. Millstone Evans Group LLC now owns 560 shares of the company's stock valued at $27,000 after purchasing an additional 334 shares in the last quarter. Bessemer Group Inc. acquired a new stake in shares of GFL Environmental in the 1st quarter valued at $28,000. LRI Investments LLC acquired a new stake in shares of GFL Environmental in the 1st quarter valued at $34,000. Harbor Investment Advisory LLC acquired a new stake in shares of GFL Environmental in the 1st quarter valued at $53,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of GFL Environmental in the 1st quarter valued at $59,000. 64.70% of the stock is owned by institutional investors and hedge funds.

GFL Environmental Trading Down 0.7%

Shares of NYSE:GFL traded down $0.32 during midday trading on Friday, hitting $47.92. The company had a trading volume of 1,860,387 shares, compared to its average volume of 1,030,282. GFL Environmental Inc. has a 12 month low of $38.78 and a 12 month 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 stock has a market cap of $17.41 billion, a price-to-earnings ratio of 7.55 and a beta of 1.11. The firm has a fifty day simple moving average of $49.05 and a 200 day simple moving average of $48.54.

GFL Environmental (NYSE:GFL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. GFL Environmental had a return on equity of 3.71% and a net margin of 48.53%.The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period last year, the company earned $0.29 EPS. 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, analysts predict that GFL Environmental Inc. will post 0.58 EPS for the current year.

GFL Environmental Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, July 14th were given a $0.0154 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Monday, July 14th. GFL Environmental's dividend payout ratio (DPR) is currently 0.94%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Royal Bank Of Canada lifted their target price on GFL Environmental from $56.00 to $59.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Citigroup lifted their target price on GFL Environmental from $56.00 to $58.00 and gave the company a "buy" rating in a research note on Monday, August 4th. Truist Financial lifted their target price on GFL Environmental from $58.00 to $60.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Scotiabank lifted their target price on GFL Environmental from $56.00 to $60.00 and gave the company a "sector 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 issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average 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.