Beutel Goodman & Co Ltd. Sells 490,753 Shares of GFL Environmental Inc. $GFL

Key Points

• Beutel Goodman reduced its GFL Environmental stake by 8.6%, selling 490,753 shares in the third quarter. It retained 5.23 million shares, worth about $219 million at the time of its filing.
• Institutional investors overall owned 64.7% of GFL shares, with several firms adding to their positions while others bought or sold shares.
• Analyst sentiment was a “Moderate Buy,” with a consensus price target of $57.33. GFL reported quarterly EPS of $0.19, matching analysts’ estimates.

Beutel Goodman & Co Ltd. trimmed its stake in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 8.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,229,915 shares of the company's stock after selling 490,753 shares during the period. GFL Environmental accounts for 1.7% of Beutel Goodman & Co Ltd.'s portfolio, making the stock its 26th largest holding. Beutel Goodman & Co Ltd. owned approximately 1.45% of GFL Environmental worth $219,031,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. QV Investors Inc. bought a new position in shares of GFL Environmental during the 3rd quarter valued at about $44,887,000. Maven Securities LTD increased its holdings in shares of GFL Environmental by 18.7% in the second quarter. Maven Securities LTD now owns 143,198 shares of the company's stock worth $5,268,000 after purchasing an additional 22,551 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of GFL Environmental by 43.8% in the first quarter. Bank of America Corp DE now owns 1,847,166 shares of the company's stock worth $77,064,000 after purchasing an additional 563,001 shares during the last quarter. Verbena Value LP increased its holdings in shares of GFL Environmental by 44.7% in the first quarter. Verbena Value LP now owns 1,211,100 shares of the company's stock worth $50,527,000 after purchasing an additional 374,000 shares during the last quarter. Finally, TD Waterhouse Canada Inc. lifted its position in shares of GFL Environmental by 29.1% in the third quarter. TD Waterhouse Canada Inc. now owns 374,906 shares of the company's stock worth $15,182,000 after buying an additional 84,555 shares in the last quarter. 64.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on GFL shares. TD Cowen reissued a "buy" rating and set a $65.00 price target on shares of GFL Environmental in a research note on Friday, September 11th. Wolfe Research began coverage on GFL Environmental in a report on Tuesday, September 15th. They set an "outperform" rating and a $77.00 price target for the company. JPMorgan Chase & Co. lifted their price objective on GFL Environmental from $41.00 to $42.00 and gave the stock an "underweight" rating in a research note on Wednesday, October 21st. Truist Financial decreased their price objective on GFL Environmental from $60.00 to $55.00 and set a "buy" rating on the stock in a report on Tuesday, November 3rd. Finally, Scotiabank upped their price objective on GFL Environmental from $55.00 to $56.00 and gave the stock a "sector outperform" rating in a report on Friday, October 30th. Ten equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $57.33.

GFL Environmental Stock Performance

GFL Environmental stock opened at $45.84 on Tuesday. The company's 50-day moving average price is $43.25 and its 200-day moving average price is $40.93. The company has a quick ratio of 0.75, a current ratio of 0.93 and a debt-to-equity ratio of 1.03. The company has a market cap of $16.55 billion, a PE ratio of 69.68, a price-to-earnings-growth ratio of 3.47 and a beta of 0.68. GFL Environmental Inc. has a twelve month low of $33.33 and a twelve month high of $46.76.

GFL Environmental (NYSE:GFL - Get Free Report) last announced its quarterly earnings results on Wednesday, October 28th. The company reported $0.19 EPS for the quarter, meeting analysts' consensus estimates of $0.19. The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $1.49 billion. GFL Environmental had a negative net margin of 4.93% and a positive return on equity of 3.84%. On average, equities research analysts forecast that GFL Environmental Inc. will post 0.56 EPS for the current fiscal year.

GFL Environmental Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, October 14th were given a dividend of $0.0169 per share. The ex-dividend date was Wednesday, October 14th. This represents a $0.07 dividend on an annualized basis and a yield of 0.1%. GFL Environmental's dividend payout ratio is -8.86%.

GFL Environmental Company Profile

GFL Environmental is a North American waste management company focused on providing solid waste collection, recycling, processing and disposal services. Its operations serve residential, commercial, industrial and municipal customers in Canada and the United States.

Founded in 2007, the company expanded through acquisitions and growth in its waste management operations. GFL is headquartered in Vaughan, Ontario.

In 2025, GFL completed the sale of its Environmental Services business, which included liquid waste management and soil remediation operations.

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