Gulf International Bank UK Ltd Buys 12,244 Shares of GFL Environmental Inc. $GFL

Key Points

• Gulf International Bank UK Ltd significantly increased its position in GFL Environmental by 2,103.8%, owning 12,826 shares after purchasing an additional 12,244 shares, which are valued at approximately $620,000.
• GFL Environmental reported a quarterly revenue of $1.23 billion, slightly below analyst estimates, and an earnings per share of $0.19, matching expectations.
• GFL Environmental's stock has a consensus price target of $57.86, with several analysts giving buy or strong buy ratings due to recent upward adjustments in target prices.

Gulf International Bank UK Ltd raised its stake in GFL Environmental Inc. (NYSE:GFL - Free Report) by 2,103.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,826 shares of the company's stock after acquiring an additional 12,244 shares during the period. Gulf International Bank UK Ltd's holdings in GFL Environmental were worth $620,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Millstone Evans Group LLC raised its holdings 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 in the last quarter. Bessemer Group Inc. acquired a new position in GFL Environmental in the 1st quarter valued at $28,000. LRI Investments LLC acquired a new position in GFL Environmental in the 1st quarter valued at $34,000. Natixis acquired a new position in GFL Environmental in the 4th quarter valued at $49,000. Finally, Harbor Investment Advisory LLC acquired a new position in GFL Environmental in the 1st quarter valued at $53,000. 64.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on GFL shares. Truist Financial boosted their price target on GFL Environmental from $58.00 to $60.00 and gave the stock a "buy" rating in a report on Friday, August 1st. National Bank Financial raised GFL Environmental to a "strong-buy" rating in a report on Monday, May 26th. Scotiabank boosted their price target on GFL Environmental from $56.00 to $60.00 and gave the stock a "sector outperform" rating in a report on Friday, August 1st. JPMorgan Chase & Co. started coverage on GFL Environmental in a report on Friday, May 23rd. They set a "neutral" rating and a $54.00 price target for the company. Finally, Citigroup boosted their price target on GFL Environmental from $56.00 to $58.00 and gave the stock a "buy" rating in a report on Monday, August 4th. 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's stock. According to MarketBeat, GFL Environmental has an average rating of "Buy" and an average target price of $57.86.

GFL Environmental Price Performance

GFL traded up $0.4280 on Friday, reaching $51.2680. The stock had a trading volume of 447,183 shares, compared to its average volume of 1,636,006. GFL Environmental Inc. has a fifty-two week low of $38.78 and a fifty-two week high of $52.00. The firm has a 50-day moving average of $49.13 and a 200-day moving average of $48.27. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $18.63 billion, a price-to-earnings ratio of 8.08 and a beta of 1.00.

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 during the quarter, compared to analysts' expectations of $1.68 billion. During the same quarter in the prior year, the firm earned $0.29 EPS. The business's revenue for the quarter was up 5.9% compared to the same quarter last year. 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 EPS for the current year.

GFL Environmental Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, July 14th were given a $0.0154 dividend. 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 presently 0.94%.

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.