Clarkston Capital Partners LLC Sells 810,340 Shares of GFL Environmental Inc. $GFL

Key Points

• Clarkston Capital Partners LLC has reduced its stake in GFL Environmental Inc. by 15.2%, now holding 4.5 million shares, making it the firm's 7th largest position.
• GFL Environmental reported earnings per share of $0.19 for the last quarter, meeting analyst expectations, with a revenue of $1.23 billion, slightly below estimates.
• The firm declared a quarterly dividend of $0.0154, resulting in an annualized yield of 0.1%, with a dividend payout ratio of 0.94%.

Clarkston Capital Partners LLC trimmed its stake in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 15.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,508,270 shares of the company's stock after selling 810,340 shares during the period. GFL Environmental comprises 4.3% of Clarkston Capital Partners LLC's holdings, making the stock its 7th largest position. Clarkston Capital Partners LLC owned approximately 1.15% of GFL Environmental worth $217,795,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of GFL. Millstone Evans Group LLC grew its stake in shares of GFL Environmental by 147.8% during the 1st quarter. Millstone Evans Group LLC now owns 560 shares of the company's stock worth $27,000 after purchasing an additional 334 shares during the period. Bessemer Group Inc. purchased a new stake in GFL Environmental during the first quarter worth $28,000. LRI Investments LLC acquired a new stake in GFL Environmental during the first quarter valued at $34,000. Natixis purchased a new position in GFL Environmental in the fourth quarter valued at $49,000. Finally, Harbor Investment Advisory LLC acquired a new position in shares of GFL Environmental in the first quarter worth about $53,000. 64.70% of the stock is owned by institutional investors and hedge funds.

GFL Environmental Trading Up 0.6%

NYSE:GFL traded up $0.27 on Tuesday, reaching $49.74. The company's stock had a trading volume of 468,889 shares, compared to its average volume of 1,631,797. GFL Environmental Inc. has a 12-month low of $38.78 and a 12-month high of $52.00. The stock has a 50 day moving average price of $49.14 and a 200 day moving average price of $48.38. The firm has a market cap of $18.07 billion, a price-to-earnings ratio of 7.83 and a beta of 1.00. 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 (EPS) for the quarter, meeting the consensus estimate of $0.19. The firm 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 was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.29 EPS. GFL Environmental has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that GFL Environmental Inc. will post 0.58 EPS for the current fiscal year.

GFL Environmental Dividend Announcement

The company also recently disclosed 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 dividend yield of 0.1%. GFL Environmental's dividend payout ratio is presently 0.94%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on GFL. JPMorgan Chase & Co. began coverage on GFL Environmental in a research report on Friday, May 23rd. They set a "neutral" rating and a $54.00 target price on the stock. Raymond James Financial reissued an "outperform" rating and issued a $57.00 price objective (up from $56.00) on shares of GFL Environmental in a 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 company an "outperform" rating in a research report 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. Finally, Truist Financial lifted their price target on shares of GFL Environmental from $58.00 to $60.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Two investment 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 stock. Based on data from MarketBeat.com, the company has an average 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.