Amundi Has $6.54 Million Stock Holdings in GFL Environmental Inc. $GFL

Key Points

• Amundi increased its stake in GFL Environmental by 9.5% during Q1, acquiring 11,801 additional shares, bringing its total holdings to valued at $6.54 million.
• Multiple analysts have revised their price targets for GFL Environmental, with Royal Bank of Canada raising its target from $56 to $59 and National Bank Financial giving it a "strong-buy" rating.
• GFL Environmental recently reported a quarterly earnings of $0.19 EPS, meeting expectations, while also announcing a quarterly dividend of $0.0154 per share.

Amundi lifted its holdings in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 9.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 135,828 shares of the company's stock after buying an additional 11,801 shares during the period. Amundi's holdings in GFL Environmental were worth $6,537,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in GFL. American Century Companies Inc. boosted its position in shares of GFL Environmental by 87.2% during the first quarter. American Century Companies Inc. now owns 4,515,302 shares of the company's stock worth $218,134,000 after buying an additional 2,102,663 shares during the period. Robeco Schweiz AG acquired a new stake in GFL Environmental in the first quarter worth approximately $32,724,000. 1832 Asset Management L.P. acquired a new stake in GFL Environmental in the first quarter worth approximately $27,150,000. Ghisallo Capital Management LLC acquired a new stake in GFL Environmental in the first quarter worth approximately $26,570,000. Finally, Canada Pension Plan Investment Board lifted its position in GFL Environmental by 101.7% in the first quarter. Canada Pension Plan Investment Board now owns 1,089,215 shares of the company's stock worth $52,621,000 after purchasing an additional 549,309 shares during the period. 64.70% of the stock is currently owned by institutional investors and hedge funds.

GFL Environmental Stock Down 2.0%

NYSE:GFL traded down $0.97 during trading hours on Friday, hitting $47.17. 1,139,391 shares of the stock traded hands, compared to its average volume of 1,123,994. The firm has a 50 day moving average price of $48.91 and a 200 day moving average price of $48.60. 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 fifty-two week low of $38.78 and a fifty-two week high of $52.00. The firm has a market cap of $17.14 billion, a price-to-earnings ratio of 7.43 and a beta of 1.11.

GFL Environmental (NYSE:GFL - Get Free Report) last announced 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. GFL Environmental had a net margin of 48.53% and a return on equity of 3.71%. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the previous year, the business earned $0.29 EPS. The company's revenue was up 5.9% on a year-over-year basis. GFL Environmental has set its FY 2025 guidance at EPS. Equities research analysts anticipate that GFL Environmental Inc. will post 0.58 earnings per share for the current year.

GFL Environmental Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, July 14th were paid a $0.0154 dividend. The ex-dividend date of this dividend was Monday, July 14th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.1%. GFL Environmental's dividend payout ratio is 0.94%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on GFL shares. JPMorgan Chase & Co. started coverage on GFL Environmental in a report on Friday, May 23rd. They issued a "neutral" rating and a $54.00 price target on the stock. Royal Bank Of Canada upped their price target on GFL Environmental from $56.00 to $59.00 and gave the company an "outperform" rating in a report on Friday, August 1st. National Bank Financial raised GFL Environmental to a "strong-buy" rating in a report on Monday, May 26th. Scotiabank upped their price target on GFL Environmental from $56.00 to $60.00 and gave the company a "sector outperform" rating in a report on Friday, August 1st. Finally, Truist Financial upped their price target on GFL Environmental from $58.00 to $60.00 and gave the company a "buy" rating in a report on Friday, August 1st. Two equities research 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 stock. According to MarketBeat, GFL Environmental presently has an average rating of "Buy" and an average target price of $57.86.

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.