GFL Environmental Inc. $GFL Shares Acquired by Northwest & Ethical Investments L.P.

Key Points

• Northwest & Ethical Investments L.P. increased its holdings in GFL Environmental Inc. by 76.3% during the first quarter, owning 17,932 shares worth approximately $867,000.
• GFL Environmental has received several ratings upgrades, with analysts from firms like Raymond James and Royal Bank of Canada issuing "outperform" ratings and raising their price targets.
• The company reported a net margin of 48.53% and earnings per share (EPS) of $0.19 for the last quarter, meeting analysts' consensus estimates.

Northwest & Ethical Investments L.P. boosted its position in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 76.3% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 17,932 shares of the company's stock after acquiring an additional 7,763 shares during the quarter. Northwest & Ethical Investments L.P.'s holdings in GFL Environmental were worth $867,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Millstone Evans Group LLC lifted its position in 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 acquiring an additional 334 shares during the period. Bessemer Group Inc. purchased a new position in shares of GFL Environmental during the 1st quarter valued at about $28,000. LRI Investments LLC purchased a new position in shares of GFL Environmental during the 1st quarter valued at about $34,000. Natixis purchased a new position in shares of GFL Environmental during the 4th quarter valued at about $49,000. Finally, Harbor Investment Advisory LLC purchased a new position in shares of GFL Environmental during the 1st quarter valued at about $53,000. Institutional investors and hedge funds own 64.70% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on GFL. Truist Financial lifted 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. Raymond James Financial reiterated an "outperform" rating and set a $57.00 price objective (up previously from $56.00) on shares of GFL Environmental in a research note on Friday, May 2nd. Seaport Res Ptn upgraded GFL Environmental to a "strong-buy" rating in a research note on Tuesday, May 6th. Citigroup lifted their price objective on GFL Environmental from $56.00 to $58.00 and gave the company a "buy" rating in a research note on Monday, August 4th. Finally, National Bank Financial upgraded GFL Environmental to a "strong-buy" rating in a research note 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 stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $57.86.

GFL Environmental Price Performance

Shares of GFL Environmental stock traded down $1.5250 on Monday, hitting $49.5050. The company's stock had a trading volume of 1,001,960 shares, compared to its average volume of 1,289,609. GFL Environmental Inc. has a 1 year low of $38.78 and a 1 year high of $52.00. The firm has a fifty day moving average price of $49.14 and a 200-day moving average price of $48.38. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market capitalization of $17.99 billion, a price-to-earnings ratio of 7.80 and a beta of 1.00.

GFL Environmental (NYSE:GFL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.19 EPS for the quarter, hitting the consensus estimate 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 analyst estimates of $1.68 billion. During the same period in the previous year, the business earned $0.29 EPS. GFL Environmental's quarterly revenue was up 5.9% on a year-over-year basis. GFL Environmental has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Dividend Announcement

The company 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 (DPR) is currently 0.94%.

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.