GFL Environmental Inc. $GFL Shares Acquired by Maverick Capital Ltd.

Key Points

• Maverick Capital Ltd. increased its holdings in GFL Environmental by 13.9%, owning approximately 4.3 million shares valued at $207.8 million, making it the firm's 6th largest position.
• GFL Environmental's most recent earnings report showed earnings per share of $0.19, meeting analysts' expectations but revenue fell short of estimates at $1.23 billion.
• The company recently declared a quarterly dividend of $0.0154 per share, which represents a 0.1% yield and a payout ratio of 0.94%.

Maverick Capital Ltd. boosted its holdings in GFL Environmental Inc. (NYSE:GFL - Free Report) by 13.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,301,966 shares of the company's stock after acquiring an additional 523,360 shares during the quarter. GFL Environmental accounts for 3.7% of Maverick Capital Ltd.'s portfolio, making the stock its 6th largest position. Maverick Capital Ltd. owned about 1.09% of GFL Environmental worth $207,828,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Millstone Evans Group LLC increased its position 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 acquiring an additional 334 shares during the period. Bessemer Group Inc. acquired a new stake in GFL Environmental in the 1st quarter valued at approximately $28,000. LRI Investments LLC acquired a new stake in GFL Environmental in the 1st quarter valued at approximately $34,000. Harbor Investment Advisory LLC acquired a new stake in GFL Environmental in the 1st quarter valued at approximately $53,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in GFL Environmental in the 1st quarter valued at approximately $59,000. 64.70% of the stock is currently owned by institutional investors and hedge funds.

GFL Environmental Price Performance

Shares of GFL stock traded down $0.32 during mid-day trading on Friday, hitting $47.92. 1,860,387 shares of the stock traded hands, compared to its average volume of 1,030,282. GFL Environmental Inc. has a twelve month low of $38.78 and a twelve month high of $52.00. The firm has a market cap of $17.41 billion, a price-to-earnings ratio of 7.55 and a beta of 1.11. The company's 50-day simple moving average is $49.05 and its 200-day simple moving average is $48.54. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.67 and a current ratio of 0.67.

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

GFL Environmental Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 0.1%. GFL Environmental's dividend payout ratio (DPR) is 0.94%.

Analyst Upgrades and Downgrades

GFL has been the topic of several analyst reports. Citigroup raised 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. Scotiabank raised their target price on GFL Environmental from $56.00 to $60.00 and gave the company a "sector outperform" rating in a research report on Friday, August 1st. National Bank Financial upgraded GFL Environmental to a "strong-buy" rating in a research report on Monday, May 26th. Royal Bank Of Canada lifted their price target on GFL Environmental from $56.00 to $59.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Finally, JPMorgan Chase & Co. started coverage on GFL Environmental in a research report on Friday, May 23rd. They set a "neutral" rating and a $54.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $57.86.

About GFL Environmental

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.