Groupe la Francaise trimmed its stake in GFL Environmental Inc. (NYSE:GFL - Free Report) by 64.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,879 shares of the company's stock after selling 69,058 shares during the quarter. Groupe la Francaise's holdings in GFL Environmental were worth $1,878,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of GFL. OneDigital Investment Advisors LLC bought a new position in GFL Environmental in the fourth quarter valued at approximately $750,000. Stifel Financial Corp grew its stake in GFL Environmental by 4.7% in the fourth quarter. Stifel Financial Corp now owns 90,730 shares of the company's stock valued at $4,041,000 after purchasing an additional 4,086 shares in the last quarter. Hsbc Holdings PLC grew its stake in GFL Environmental by 31.0% in the fourth quarter. Hsbc Holdings PLC now owns 57,407 shares of the company's stock valued at $2,556,000 after purchasing an additional 13,575 shares in the last quarter. Price T Rowe Associates Inc. MD bought a new position in GFL Environmental in the fourth quarter valued at approximately $5,840,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of GFL Environmental during the 4th quarter worth approximately $1,309,000. 64.70% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on GFL shares. National Bank Financial upgraded GFL Environmental to a "strong-buy" rating in a research note on Monday, May 26th. Scotiabank lifted their target price on GFL Environmental from $56.00 to $60.00 and gave the stock a "sector outperform" rating in a research note on Friday, August 1st. Truist Financial lifted their target price on GFL Environmental from $58.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Royal Bank Of Canada lifted their target price on GFL Environmental from $56.00 to $59.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Finally, Seaport Res Ptn upgraded GFL Environmental to a "strong-buy" rating in a research note on Tuesday, May 6th. Two investment 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 company. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $57.86.
Read Our Latest Stock Analysis on GFL Environmental
GFL Environmental Stock Performance
NYSE:GFL traded down $0.24 during mid-day trading on Wednesday, hitting $49.67. 661,568 shares of the stock were exchanged, compared to its average volume of 1,304,656. The stock has a market capitalization of $18.05 billion, a price-to-earnings ratio of 7.82 and a beta of 1.00. The firm's 50-day simple moving average is $49.15 and its 200 day simple moving average is $48.40. 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 Inc. has a fifty-two week low of $38.78 and a fifty-two week high of $52.00.
GFL Environmental (NYSE:GFL - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. The business had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.68 billion. GFL Environmental had a return on equity of 3.71% and a net margin of 48.53%.The firm's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the firm posted $0.29 EPS. GFL Environmental has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that GFL Environmental Inc. will post 0.58 EPS for the current fiscal year.
GFL Environmental Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, July 14th were issued a dividend of $0.0154 per share. This represents a $0.06 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Monday, July 14th. GFL Environmental's dividend payout ratio (DPR) is presently 0.94%.
About GFL Environmental
(
Free Report)
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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