APG Asset Management N.V. Has $8.13 Million Stake 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 stake in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 5.1% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 181,800 shares of the company's stock after purchasing an additional 8,800 shares during the period. APG Asset Management N.V.'s holdings in GFL Environmental were worth $8,131,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Millstone Evans Group LLC boosted its stake 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 during the last quarter. OneDigital Investment Advisors LLC boosted its stake in shares of GFL Environmental by 2.6% in the 1st quarter. OneDigital Investment Advisors LLC now owns 17,264 shares of the company's stock worth $834,000 after buying an additional 436 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of GFL Environmental by 1.1% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,309 shares of the company's stock worth $2,478,000 after buying an additional 574 shares during the last quarter. Bessemer Group Inc. purchased a new position in shares of GFL Environmental in the 1st quarter worth approximately $28,000. Finally, LRI Investments LLC purchased a new position in shares of GFL Environmental in the 1st quarter worth approximately $34,000. Institutional investors and hedge funds own 64.70% of the company's stock.

GFL Environmental Trading Down 3.0%

NYSE:GFL opened at $49.5050 on Tuesday. 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 capitalization of $17.99 billion, a PE ratio of 7.80 and a beta of 1.00. The firm's 50 day moving average is $49.14 and its 200 day moving average is $48.38. 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 posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.19 EPS for the quarter, hitting analysts' consensus estimates of $0.19. The company had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.68 billion. GFL Environmental had a net margin of 48.53% and a return on equity of 3.71%. GFL Environmental's revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.29 EPS. GFL Environmental has set its FY 2025 guidance at EPS. Sell-side analysts expect that GFL Environmental Inc. will post 0.58 earnings per share for the current year.

GFL Environmental Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on GFL. National Bank Financial upgraded GFL Environmental to a "strong-buy" rating in a research note on Monday, May 26th. Royal Bank Of Canada boosted their target price on GFL Environmental from $56.00 to $59.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Scotiabank boosted their target price on GFL Environmental from $56.00 to $60.00 and gave the stock a "sector outperform" rating in a research note on Friday, August 1st. Citigroup boosted their target price on GFL Environmental from $56.00 to $58.00 and gave the stock a "buy" rating in a research note on Monday, August 4th. Finally, Raymond James Financial restated an "outperform" rating and issued a $57.00 target price (up previously from $56.00) on shares of GFL Environmental in a research note on Friday, May 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, GFL Environmental has a consensus rating of "Buy" and a consensus target price 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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