Element Capital Management LLC Takes $432,000 Position in GFL Environmental Inc. $GFL

Key Points

• Element Capital Management LLC has acquired a new stake in GFL Environmental Inc., purchasing 8,946 shares valued at approximately $432,000 during the first quarter.
• GFL Environmental recently announced a quarterly dividend of $0.0154 per share, paid to investors on July 31st, translating to a yield of 0.1%.
• Analysts have upgraded GFL Environmental's price targets, with several firms raising their projections, indicating a strong investor sentiment and an overall average target price of $57.86.

Element Capital Management LLC bought a new position in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 8,946 shares of the company's stock, valued at approximately $432,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd bought a new stake in shares of GFL Environmental during the first quarter worth $59,000. Gulf International Bank UK Ltd grew its stake in shares of GFL Environmental by 2,103.8% during the first quarter. Gulf International Bank UK Ltd now owns 12,826 shares of the company's stock worth $620,000 after buying an additional 12,244 shares during the last quarter. Burkehill Global Management LP bought a new stake in shares of GFL Environmental during the first quarter worth $9,662,000. Nuveen LLC bought a new stake in shares of GFL Environmental during the first quarter worth $19,886,000. Finally, Aigen Investment Management LP bought a new stake in shares of GFL Environmental during the first quarter worth $578,000. Institutional investors own 64.70% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. National Bank Financial raised shares of GFL Environmental to a "strong-buy" rating in a research note on Monday, May 26th. JPMorgan Chase & Co. initiated coverage on shares of GFL Environmental in a research note on Friday, May 23rd. They issued a "neutral" rating and a $54.00 price objective on the stock. Citigroup boosted their price objective on shares of GFL Environmental from $56.00 to $58.00 and gave the stock a "buy" rating in a research note on Monday, August 4th. Seaport Res Ptn raised shares of GFL Environmental to a "strong-buy" rating in a research note on Tuesday, May 6th. Finally, Truist Financial boosted their price objective 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. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, GFL Environmental currently has an average rating of "Buy" and a consensus price target of $57.86.

GFL Environmental Trading Up 1.6%

GFL stock traded up $0.7850 during midday trading on Wednesday, hitting $50.5850. The stock had a trading volume of 775,322 shares, compared to its average volume of 1,640,353. The firm has a market cap of $18.38 billion, a P/E ratio of 7.96 and a beta of 1.00. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.89. GFL Environmental Inc. has a 1-year low of $38.78 and a 1-year high of $52.00. The business has a fifty day moving average price of $49.11 and a two-hundred day moving average price of $48.20.

GFL Environmental (NYSE:GFL - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates 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 for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.29 earnings per share. GFL Environmental has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 0.1%. GFL Environmental's payout ratio is 0.94%.

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.