APG Asset Management N.V. Grows Position in GFL Environmental Inc. $GFL

Key Points

• APG Asset Management N.V. increased its stake in GFL Environmental Inc. by 5.1%, owning 181,800 shares valued at approximately $8.13 million.
• GFL Environmental recently reported quarterly earnings of $0.19 EPS, meeting analysts' estimates, but its revenue was below expectations at $1.23 billion.
• The company declared a quarterly dividend of $0.0154 per share, representing an annualized dividend yield of 0.1%.

APG Asset Management N.V. raised its holdings in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 5.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 181,800 shares of the company's stock after buying an additional 8,800 shares during the period. APG Asset Management N.V.'s holdings in GFL Environmental were worth $8,131,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Millstone Evans Group LLC increased its holdings 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 buying an additional 334 shares during the last quarter. OneDigital Investment Advisors LLC increased its holdings in GFL Environmental by 2.6% during the first quarter. OneDigital Investment Advisors LLC now owns 17,264 shares of the company's stock valued at $834,000 after buying an additional 436 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in GFL Environmental by 1.1% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,309 shares of the company's stock valued at $2,478,000 after buying an additional 574 shares during the last quarter. Bessemer Group Inc. purchased a new stake in shares of GFL Environmental in the first quarter worth $28,000. Finally, LRI Investments LLC purchased a new stake in shares of GFL Environmental in the first quarter worth $34,000. 64.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Scotiabank increased their price objective 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. Royal Bank Of Canada upped their target price on shares of GFL Environmental from $56.00 to $59.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Citigroup increased their price objective on shares of GFL Environmental from $56.00 to $58.00 and gave the company a "buy" rating in a research report on Monday, August 4th. JPMorgan Chase & Co. assumed coverage on shares of GFL Environmental in a research report on Friday, May 23rd. They set a "neutral" rating and a $54.00 price objective for the company. Finally, Seaport Res Ptn upgraded shares of GFL Environmental to a "strong-buy" rating in a research report on Tuesday, May 6th. Two equities research 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 stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $57.86.

GFL Environmental Stock Up 1.5%

NYSE GFL traded up $0.75 during trading on Friday, reaching $50.07. 716,384 shares of the company's stock traded hands, compared to its average volume of 1,113,655. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market cap of $18.19 billion, a price-to-earnings ratio of 7.88 and a beta of 1.11. The company's 50 day simple moving average is $49.15 and its two-hundred day simple moving average is $48.48. 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 released its quarterly earnings results on Wednesday, July 30th. The company reported $0.19 earnings per share for the quarter, meeting analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $1.68 billion. During the same period last year, the business earned $0.29 EPS. The company's revenue was up 5.9% compared to the same quarter last year. GFL Environmental has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that GFL Environmental Inc. will post 0.58 EPS for the current fiscal year.

GFL Environmental Dividend Announcement

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

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.