Element Capital Management LLC Purchases New Shares 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 purchased a new stake in GFL Environmental Inc. (NYSE:GFL - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 8,946 shares of the company's stock, valued at approximately $432,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Millstone Evans Group LLC lifted its position in shares of GFL Environmental by 147.8% in the first quarter. Millstone Evans Group LLC now owns 560 shares of the company's stock worth $27,000 after purchasing an additional 334 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in GFL Environmental by 0.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 42,153 shares of the company's stock worth $1,878,000 after purchasing an additional 375 shares in the last quarter. OneDigital Investment Advisors LLC boosted its stake in shares of GFL Environmental by 2.6% during the 1st quarter. OneDigital Investment Advisors LLC now owns 17,264 shares of the company's stock worth $834,000 after acquiring an additional 436 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its position in GFL Environmental by 0.6% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 91,316 shares of the company's stock worth $3,998,000 after purchasing an additional 526 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in GFL Environmental by 1.1% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,309 shares of the company's stock valued at $2,478,000 after purchasing an additional 574 shares during the last quarter. Institutional investors and hedge funds own 64.70% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on GFL shares. Scotiabank raised their target price on shares of GFL Environmental from $56.00 to $60.00 and gave the company a "sector outperform" rating in a research note on Friday, August 1st. Raymond James Financial reaffirmed an "outperform" rating and issued a $57.00 price target (up from $56.00) on shares of GFL Environmental in a research report on Friday, May 2nd. Royal Bank Of Canada boosted their price objective on GFL Environmental from $56.00 to $59.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Seaport Res Ptn upgraded GFL Environmental to a "strong-buy" rating in a research note on Tuesday, May 6th. Finally, National Bank Financial raised GFL Environmental to a "strong-buy" rating in a research report on Monday, May 26th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, GFL Environmental currently has a consensus rating of "Buy" and a consensus target price of $57.86.

GFL Environmental Stock Performance

Shares of GFL traded up $0.3760 on Thursday, reaching $50.8560. 323,858 shares of the stock traded hands, compared to its average volume of 1,635,771. The stock's 50-day moving average price is $49.12 and its 200-day moving average price is $48.22. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market cap of $18.48 billion, a price-to-earnings ratio of 8.01 and a beta of 1.00. 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 released its quarterly earnings data 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 during 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 period last year, the firm earned $0.29 EPS. GFL Environmental has set its FY 2025 guidance at EPS. Equities analysts forecast that GFL Environmental Inc. will post 0.58 EPS for the current fiscal year.

GFL Environmental Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, July 14th were paid a dividend of $0.0154 per share. This represents a $0.06 annualized dividend 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.