Copeland Capital Management LLC Trims Holdings in GFL Environmental Inc. $GFL

Key Points

• Copeland Capital Management LLC has reduced its holdings in GFL Environmental Inc. by 11.0%, selling 79,973 shares and now owning 649,911 shares valued at approximately $32.8 million.
• In recent analyst reports, Barclays set a target price of $62.00 with an "overweight" rating, reflecting a generally positive outlook from analysts with a consensus target price of $58.75.
• GFL Environmental is set to pay a quarterly dividend of $0.0154 on October 31st, with a current annualized dividend yield of 0.1%.

Copeland Capital Management LLC decreased its stake in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 11.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 649,911 shares of the company's stock after selling 79,973 shares during the quarter. Copeland Capital Management LLC owned about 0.18% of GFL Environmental worth $32,795,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Millstone Evans Group LLC lifted its position in GFL Environmental by 147.8% during the first quarter. Millstone Evans Group LLC now owns 560 shares of the company's stock worth $27,000 after buying an additional 334 shares in the last quarter. Bessemer Group Inc. purchased a new position in GFL Environmental during the first quarter worth approximately $28,000. LRI Investments LLC purchased a new position in GFL Environmental during the first quarter worth approximately $34,000. Harbor Investment Advisory LLC purchased a new position in GFL Environmental during the first quarter worth approximately $53,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in GFL Environmental during the first quarter worth approximately $59,000. Hedge funds and other institutional investors own 64.70% of the company's stock.

GFL Environmental Trading Up 0.3%

Shares of NYSE GFL opened at $46.75 on Friday. GFL Environmental Inc. has a twelve month low of $39.10 and a twelve 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 fifty day simple moving average of $48.63 and a 200-day simple moving average of $48.66. The stock has a market capitalization of $16.99 billion, a PE ratio of 7.36 and a beta of 1.17.

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. 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 during the quarter, compared to analysts' expectations of $1.68 billion. During the same period in the previous year, the firm posted $0.29 earnings per share. The company's revenue was up 5.9% on a year-over-year basis. GFL Environmental has set its FY 2025 guidance at EPS. On average, equities analysts forecast that GFL Environmental Inc. will post 0.58 earnings per share for the current year.

GFL Environmental Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be paid a $0.0154 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.1%. GFL Environmental's payout ratio is presently 0.94%.

Wall Street Analyst Weigh In

GFL has been the subject of several recent analyst reports. Barclays initiated coverage on GFL Environmental in a research note on Friday, September 19th. They set an "overweight" rating and a $62.00 target price for the company. Stifel Nicolaus initiated coverage on GFL Environmental in a research note on Tuesday. They set a "buy" rating for the company. Royal Bank Of Canada raised 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. Truist Financial raised their target price on GFL Environmental from $58.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Finally, William Blair initiated coverage on GFL Environmental in a research note on Thursday, September 25th. They set an "outperform" rating for the company. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $58.75.

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.

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