Charles Schwab Investment Management Inc. Trims Stake in GFL Environmental Inc. $GFL

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in GFL Environmental Inc. by 2.3%, selling 11,681 shares and holding a total of 498,847 shares valued at approximately $24 million as of the latest quarter.
• GFL Environmental reported a 1.3% increase in stock value, with a market cap of $18.33 billion and earnings per share of $0.19 for the last quarter, matching analyst expectations.
• The company has announced a quarterly dividend of $0.0154 per share, translating to an annualized dividend yield of 0.1%, with a payout ratio of 0.94%.

Charles Schwab Investment Management Inc. reduced its position in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 2.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 498,847 shares of the company's stock after selling 11,681 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.13% of GFL Environmental worth $24,092,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of GFL Environmental by 1.7% during the first quarter. Vanguard Group Inc. now owns 8,843,436 shares of the company's stock worth $427,166,000 after buying an additional 146,256 shares in the last quarter. J. Safra Sarasin Holding AG boosted its position in GFL Environmental by 18.1% during the first quarter. J. Safra Sarasin Holding AG now owns 189,720 shares of the company's stock valued at $9,165,000 after acquiring an additional 29,139 shares during the last quarter. Forge First Asset Management Inc. boosted its position in GFL Environmental by 448.9% during the first quarter. Forge First Asset Management Inc. now owns 372,000 shares of the company's stock valued at $17,994,000 after acquiring an additional 304,225 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of GFL Environmental by 22.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 9,838 shares of the company's stock worth $475,000 after purchasing an additional 1,831 shares in the last quarter. Finally, Pamalican Asset Management Ltd bought a new position in shares of GFL Environmental during the 1st quarter worth about $1,208,000. 64.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GFL. National Bank Financial upgraded shares of GFL Environmental to a "strong-buy" rating in a report on Monday, May 26th. Scotiabank boosted their target price on shares of GFL Environmental from $56.00 to $60.00 and gave the company a "sector outperform" rating in a report on Friday, August 1st. JPMorgan Chase & Co. started coverage on shares of GFL Environmental in a research report on Friday, May 23rd. They set a "neutral" rating and a $54.00 price target for the company. Truist Financial boosted their price target on shares of GFL Environmental from $58.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Finally, Seaport Res Ptn upgraded shares of GFL Environmental to a "strong-buy" rating in a research report on Tuesday, May 6th. Two 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $57.86.

GFL Environmental Stock Up 0.8%

Shares of NYSE GFL traded up $0.41 during midday trading on Tuesday, hitting $49.88. The stock had a trading volume of 1,399,701 shares, compared to its average volume of 1,287,225. The company has a market cap of $18.13 billion, a P/E ratio of 7.86 and a beta of 1.00. The business's 50 day moving average is $49.15 and its 200-day moving average is $48.39. GFL Environmental Inc. has a 52 week low of $38.78 and a 52 week high of $52.00. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.89.

GFL Environmental (NYSE:GFL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.19 earnings per share for the quarter, meeting analysts' consensus estimates of $0.19. The company had revenue of $1.23 billion for 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.29 earnings per share. GFL Environmental has set its FY 2025 guidance at EPS. As a group, analysts predict that GFL Environmental Inc. will post 0.58 EPS for the current year.

GFL Environmental Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, July 14th were issued a dividend of $0.0154 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.1%. GFL Environmental's dividend 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.