Federation des caisses Desjardins du Quebec Acquires 8,190 Shares of GFL Environmental Inc. $GFL

Key Points

• The Federation des caisses Desjardins du Quebec increased its position in GFL Environmental Inc. by 7.8%, owning 112,780 shares valued at $5,245,000.
• GFL Environmental's quarterly revenue was $1.23 billion, below the consensus estimate of $1.68 billion, despite a 5.9% year-over-year increase.
• Several analysts have raised their price targets for GFL Environmental, with an average price target now at $57.86 and a general rating of "Buy."

Federation des caisses Desjardins du Quebec boosted its holdings in GFL Environmental Inc. (NYSE:GFL - Free Report) by 7.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 112,780 shares of the company's stock after buying an additional 8,190 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in GFL Environmental were worth $5,245,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of GFL. Millstone Evans Group LLC boosted its stake in GFL Environmental by 147.8% in the first quarter. Millstone Evans Group LLC now owns 560 shares of the company's stock valued at $27,000 after buying an additional 334 shares in the last quarter. Bessemer Group Inc. acquired a new stake in GFL Environmental in the first quarter valued at about $28,000. LRI Investments LLC acquired a new stake in GFL Environmental in the first quarter valued at about $34,000. Harbor Investment Advisory LLC acquired a new stake in GFL Environmental in the first quarter valued at about $53,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in GFL Environmental in the first quarter valued at about $59,000. 64.70% of the stock is owned by institutional investors and hedge funds.

GFL Environmental Trading Down 2.6%

GFL Environmental stock traded down $1.22 during trading hours on Wednesday, hitting $46.61. The stock had a trading volume of 197,245 shares, compared to its average volume of 1,604,316. GFL Environmental Inc. has a one year low of $38.78 and a one year 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. The stock has a market cap of $16.93 billion, a price-to-earnings ratio of 7.33 and a beta of 1.11. The business's 50 day simple moving average is $48.95 and its 200-day simple moving average is $48.57.

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 (EPS) for the quarter, hitting analysts' consensus estimates of $0.19. GFL Environmental had a return on equity of 3.71% and a net margin of 48.53%.The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period last year, the company earned $0.29 earnings per share. The firm's revenue was up 5.9% compared to the same quarter last year. GFL Environmental has set its FY 2025 guidance at EPS. On average, equities analysts predict 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. Stockholders of record on Monday, July 14th were given a dividend of $0.0154 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Monday, July 14th. GFL Environmental's dividend payout ratio (DPR) is 0.94%.

Analyst Ratings Changes

Several research firms recently weighed in on GFL. Truist Financial raised their price objective on GFL Environmental from $58.00 to $60.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Citigroup increased their target price on GFL Environmental from $56.00 to $58.00 and gave the company a "buy" rating in a research report on Monday, August 4th. National Bank Financial upgraded GFL Environmental to a "strong-buy" rating in a research report on Monday, May 26th. Royal Bank Of Canada increased their target price on GFL Environmental from $56.00 to $59.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Finally, Scotiabank increased their target price on GFL Environmental from $56.00 to $60.00 and gave the company a "sector outperform" rating in a research report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, GFL Environmental currently has a consensus rating of "Buy" and an average target price of $57.86.

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.