J. Safra Sarasin Holding AG Has $7.96 Million Stock Holdings in GFL Environmental Inc. $GFL

Key Points

• J. Safra Sarasin Holding AG reduced its stake in GFL Environmental Inc. by 16.9% in the second quarter, holding 157,675 shares worth approximately $7.96 million as of the latest SEC filing.
• Analysts have a consensus rating of "Buy" for GFL Environmental, with price targets ranging from $58 to $62 based on recent reports from various financial institutions.
• GFL Environmental announced a quarterly dividend of $0.0154 per share, with the payment date set for October 31st, representing a yield of 0.1%.

J. Safra Sarasin Holding AG decreased its holdings in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 16.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 157,675 shares of the company's stock after selling 32,045 shares during the quarter. J. Safra Sarasin Holding AG's holdings in GFL Environmental were worth $7,956,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of GFL. Vanguard Group Inc. boosted its holdings in GFL Environmental by 1.7% in the first quarter. Vanguard Group Inc. now owns 8,843,436 shares of the company's stock worth $427,166,000 after purchasing an additional 146,256 shares in the last quarter. Royal Bank of Canada lifted its position in shares of GFL Environmental by 4.4% in the first quarter. Royal Bank of Canada now owns 7,883,481 shares of the company's stock worth $380,850,000 after buying an additional 334,218 shares during the last quarter. American Century Companies Inc. lifted its position in shares of GFL Environmental by 87.2% in the first quarter. American Century Companies Inc. now owns 4,515,302 shares of the company's stock worth $218,134,000 after buying an additional 2,102,663 shares during the last quarter. Maverick Capital Ltd. boosted its stake in shares of GFL Environmental by 13.9% during the 1st quarter. Maverick Capital Ltd. now owns 4,301,966 shares of the company's stock worth $207,828,000 after acquiring an additional 523,360 shares in the last quarter. Finally, TD Asset Management Inc increased its holdings in shares of GFL Environmental by 19.0% during the 1st quarter. TD Asset Management Inc now owns 1,330,765 shares of the company's stock valued at $64,271,000 after acquiring an additional 212,844 shares during the last quarter. Institutional investors and hedge funds own 64.70% of the company's stock.

Wall Street Analysts Forecast Growth

GFL has been the subject of several analyst reports. Stifel Nicolaus started coverage on GFL Environmental in a report on Tuesday. They issued a "buy" rating for the company. Citigroup boosted their price objective on shares of GFL Environmental from $58.00 to $61.00 and gave the stock a "buy" rating in a research note on Wednesday, September 17th. Barclays initiated coverage on shares of GFL Environmental in a research note on Friday, September 19th. They issued an "overweight" rating and a $62.00 target price on the stock. Truist Financial boosted their target price on shares of GFL Environmental from $58.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, Scotiabank raised their price target 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. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $58.75.

GFL Environmental Price Performance

NYSE:GFL opened at $46.75 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.67 and a quick ratio of 0.67. GFL Environmental Inc. has a one year low of $39.10 and a one year high of $52.00. The company has a fifty day moving average price of $48.63 and a 200 day moving average price of $48.66. The stock has a market cap of $16.99 billion, a P/E ratio of 7.36 and a beta of 1.17.

GFL Environmental (NYSE:GFL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.68 billion. GFL Environmental had a net margin of 48.53% and a return on equity of 3.71%. The business's revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.29 EPS. GFL Environmental has set its FY 2025 guidance at EPS. Analysts anticipate that GFL Environmental Inc. will post 0.58 earnings per share for the current year.

GFL Environmental Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be issued a $0.0154 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $0.06 annualized dividend and a 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.

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