Amundi Boosts Stock Position 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 13F filing with the Securities and Exchange Commission (SEC). The firm owned 135,828 shares of the company's stock after buying an additional 11,801 shares during the quarter. Amundi's holdings in GFL Environmental were worth $6,537,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GFL. Millstone Evans Group LLC lifted its stake in GFL Environmental by 147.8% in the 1st 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. purchased a new position in shares of GFL Environmental in the first quarter valued at approximately $28,000. LRI Investments LLC purchased a new position in shares of GFL Environmental in the first quarter valued at approximately $34,000. Harbor Investment Advisory LLC acquired a new stake in shares of GFL Environmental in the first quarter worth approximately $53,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of GFL Environmental during the first quarter worth approximately $59,000. Hedge funds and other institutional investors own 64.70% of the company's stock.

GFL Environmental Stock Up 0.0%

Shares of NYSE:GFL traded up $0.02 during trading on Tuesday, hitting $46.42. 1,459,098 shares of the company were exchanged, compared to its average volume of 1,179,044. The firm's 50 day moving average price is $48.85 and its 200-day moving average price is $48.66. GFL Environmental Inc. has a 12-month low of $38.78 and a 12-month high of $52.00. 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 stock has a market capitalization of $16.87 billion, a P/E ratio of 7.31 and a beta of 1.11.

GFL Environmental (NYSE:GFL - Get Free Report) last released 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. 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 during the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the prior year, the firm posted $0.29 earnings per share. GFL Environmental's revenue for the quarter was up 5.9% on a year-over-year basis. GFL Environmental has set its FY 2025 guidance at EPS. On average, research analysts predict that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Announces Dividend

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

Analyst Ratings Changes

GFL has been the subject of a number of research reports. JPMorgan Chase & Co. assumed coverage on shares of GFL Environmental in a report on Friday, May 23rd. They set a "neutral" rating and a $54.00 target price for the company. Truist Financial upped their price target on GFL Environmental from $58.00 to $60.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Citigroup lifted their price objective on GFL Environmental from $56.00 to $58.00 and gave the stock a "buy" rating in a research report on Monday, August 4th. Royal Bank Of Canada upped their target price on GFL Environmental from $56.00 to $59.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Finally, National Bank Financial raised GFL Environmental to a "strong-buy" rating in a research note on Monday, May 26th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus 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.