Maven Securities LTD Makes New Investment in GFL Environmental Inc. $GFL

Key Points

• Maven Securities LTD has acquired a new stake in GFL Environmental Inc., purchasing 10,000 shares valued at approximately $483,000.
• Wall Street analysts are generally optimistic about GFL Environmental, with a consensus rating of "Buy" and price target of $57.86, following several upgrades from various research firms.
• GFL Environmental recently reported a quarterly revenue of $1.23 billion, slightly below the consensus estimate, with earnings per share meeting expectations at $0.19.

Maven Securities LTD bought a new stake in GFL Environmental Inc. (NYSE:GFL - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 10,000 shares of the company's stock, valued at approximately $483,000.

Several other hedge funds also recently modified their holdings of the company. Millstone Evans Group LLC raised its position in shares of GFL Environmental by 147.8% in the first quarter. Millstone Evans Group LLC now owns 560 shares of the company's stock valued at $27,000 after buying an additional 334 shares during the last quarter. Bessemer Group Inc. acquired a new stake in GFL Environmental during the first quarter worth approximately $28,000. LRI Investments LLC purchased a new stake in GFL Environmental in the 1st quarter worth approximately $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.

GFL Environmental Trading Up 0.3%

NYSE GFL traded up $0.1450 during mid-day trading on Friday, hitting $50.9850. The company's stock had a trading volume of 1,525,708 shares, compared to its average volume of 1,245,999. The firm has a market capitalization of $18.53 billion, a P/E ratio of 8.03 and a beta of 1.00. 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 52-week low of $38.78 and a 52-week high of $52.00. The stock's fifty day simple moving average is $49.14 and its two-hundred day simple moving average is $48.32.

GFL Environmental (NYSE:GFL - Get Free Report) last released 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 during 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 business's quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.29 earnings per share. GFL Environmental has set its FY 2025 guidance at EPS. Research analysts expect that GFL Environmental Inc. will post 0.58 EPS for the current year.

GFL Environmental Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, July 14th were paid a dividend of $0.0154 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.1%. GFL Environmental's dividend payout ratio is presently 0.94%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. National Bank Financial upgraded GFL Environmental to a "strong-buy" rating in a report on Monday, May 26th. Scotiabank upped their target price on GFL Environmental from $56.00 to $60.00 and gave the company a "sector outperform" rating in a research note on Friday, August 1st. 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 report on Friday, August 1st. JPMorgan Chase & Co. assumed coverage on GFL Environmental in a report on Friday, May 23rd. They issued a "neutral" rating and a $54.00 price target for the company. Finally, Seaport Res Ptn raised shares of GFL Environmental to a "strong-buy" rating in a research note on Tuesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $57.86.

GFL Environmental 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.