Groupe la Francaise Has $1.88 Million Position in GFL Environmental Inc. $GFL

Key Points

• Groupe la Francaise reduced its stake in GFL Environmental Inc. by 64.0%, selling 69,058 shares and holding 38,879 shares worth approximately $1.88 million as of the latest SEC filing.
• Analysts have shifted their ratings on GFL Environmental with several upgrades; National Bank Financial rated it as a "strong-buy," and the average target price now rests at $57.86.
• GFL Environmental reported earnings of $0.19 per share in its latest quarter, meeting expectations, with revenues up 5.9% year-over-year despite missing the consensus revenue estimate.

Groupe la Francaise lowered its position in shares of 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 SEC. The firm 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 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Bessemer Group Inc. acquired a new position in shares of GFL Environmental in the first quarter valued at approximately $28,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of GFL Environmental in the first quarter valued at approximately $385,000. Vanguard Group Inc. boosted its holdings in shares of GFL Environmental by 1.7% in the first quarter. Vanguard Group Inc. now owns 8,843,436 shares of the company's stock valued at $427,166,000 after buying an additional 146,256 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of GFL Environmental by 2.7% in the first quarter. Bank of New York Mellon Corp now owns 192,306 shares of the company's stock valued at $9,290,000 after buying an additional 4,981 shares during the period. Finally, OMERS ADMINISTRATION Corp acquired a new position in shares of GFL Environmental in the fourth quarter valued at approximately $753,000. Institutional investors and hedge funds own 64.70% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Citigroup upped their price target on shares of GFL Environmental from $56.00 to $58.00 and gave the company a "buy" rating in a report on Monday, August 4th. Seaport Res Ptn upgraded shares of GFL Environmental to a "strong-buy" rating in a report on Tuesday, May 6th. National Bank Financial upgraded shares of GFL Environmental to a "strong-buy" rating in a report on Monday, May 26th. Scotiabank increased their target price on shares of GFL Environmental from $56.00 to $60.00 and gave the stock a "sector outperform" rating in a report on Friday, August 1st. Finally, Raymond James Financial restated an "outperform" rating and set a $57.00 target price (up previously from $56.00) on shares of GFL Environmental in a report on Friday, May 2nd. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $57.86.

GFL Environmental Stock Performance

NYSE GFL traded up $0.75 on Friday, hitting $50.07. 716,384 shares of the stock were exchanged, compared to its average volume of 1,143,291. 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 business's fifty day moving average is $49.15 and its 200 day moving average is $48.46. GFL Environmental Inc. has a 52 week low of $38.78 and a 52 week high of $52.00. The company has a market capitalization of $18.19 billion, a PE ratio of 7.88 and a beta of 1.00.

GFL Environmental (NYSE:GFL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.68 billion. GFL Environmental had a net margin of 48.53% and a return on equity of 3.71%. The company's revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.29 earnings per share. GFL Environmental has set its FY 2025 guidance at EPS. Research analysts anticipate that GFL Environmental Inc. will post 0.58 EPS 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 paid a $0.0154 dividend. The ex-dividend date was Monday, July 14th. This represents a $0.06 annualized dividend and a dividend yield of 0.1%. GFL Environmental's dividend payout ratio is 0.94%.

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.