GFL Environmental Inc. $GFL Shares Purchased by Axxcess Wealth Management LLC

Key Points

• Axxcess Wealth Management LLC has increased its position in GFL Environmental Inc. by 21.6%, acquiring an additional 7,181 shares, resulting in a total holding worth approximately $2.04 million.
• The company reported $0.19 EPS for the quarter, matching analysts' estimates, but had a revenue of $1.23 billion, falling short of expectations of $1.68 billion.
• GFL Environmental recently announced a quarterly dividend of $0.0154 per share, with an annualized dividend yield of 0.1%.

Axxcess Wealth Management LLC increased its position in GFL Environmental Inc. (NYSE:GFL - Free Report) by 21.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,458 shares of the company's stock after acquiring an additional 7,181 shares during the period. Axxcess Wealth Management LLC's holdings in GFL Environmental were worth $2,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Millstone Evans Group LLC raised 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 worth $27,000 after acquiring an additional 334 shares during the last quarter. Bessemer Group Inc. purchased a new position in GFL Environmental in the 1st quarter worth $28,000. LRI Investments LLC purchased a new position in GFL Environmental in the 1st quarter worth $34,000. Caitong International Asset Management Co. Ltd purchased a new position in GFL Environmental in the 1st quarter worth $59,000. Finally, Fifth Third Bancorp raised its stake in GFL Environmental by 81.9% in the 1st quarter. Fifth Third Bancorp now owns 1,643 shares of the company's stock worth $79,000 after acquiring an additional 740 shares during the last quarter. Hedge funds and other institutional investors own 64.70% of the company's stock.

GFL Environmental Price Performance

NYSE:GFL opened at $45.14 on Thursday. GFL Environmental Inc. has a 52 week low of $39.63 and a 52 week 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 capitalization of $16.40 billion, a PE ratio of 7.11 and a beta of 1.17. The stock's 50-day moving average price is $47.98 and its 200-day moving average price is $48.51.

GFL Environmental (NYSE:GFL - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.19 EPS for the quarter, meeting analysts' consensus estimates of $0.19. GFL Environmental had a return on equity of 3.71% and a net margin of 48.53%.The firm had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.68 billion. During the same period last year, the firm earned $0.29 EPS. The company'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, equities analysts expect that GFL Environmental Inc. will post 0.58 EPS for the current fiscal year.

GFL Environmental Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be given a dividend of $0.0154 per share. The ex-dividend date is Wednesday, October 15th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.1%. GFL Environmental's dividend payout ratio (DPR) is 0.94%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GFL. Raymond James Financial set a $57.00 target price on GFL Environmental and gave the stock an "outperform" rating in a research note on Monday, October 6th. Stifel Nicolaus started coverage on GFL Environmental in a research note on Tuesday, September 30th. They set a "buy" rating for the company. William Blair started coverage on GFL Environmental in a research note on Thursday, September 25th. They set an "outperform" rating for the company. Royal Bank Of Canada lifted their price objective on GFL Environmental from $56.00 to $59.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Finally, 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. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, GFL Environmental presently has an average rating of "Buy" and a consensus target price of $58.50.

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.

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