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

Other institutional investors have also recently added to or reduced their stakes in the company. Millstone Evans Group LLC grew its holdings in GFL Environmental by 147.8% during the 1st quarter. Millstone Evans Group LLC now owns 560 shares of the company's stock worth $27,000 after acquiring an additional 334 shares during the last quarter. Bessemer Group Inc. bought a new stake in shares of GFL Environmental in the 1st quarter valued at $28,000. LRI Investments LLC bought a new stake in shares of GFL Environmental in the 1st quarter valued at $34,000. Natixis bought a new stake in shares of GFL Environmental in the 4th quarter valued at $49,000. Finally, Harbor Investment Advisory LLC bought a new stake in shares of GFL Environmental in the 1st quarter valued at $53,000. 64.70% of the stock is owned by institutional investors.

GFL Environmental Stock Down 1.5%

GFL traded down $0.7520 during trading on Monday, hitting $50.2780. 216,751 shares of the company's stock were exchanged, compared to its average volume of 1,633,933. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.89. The business's 50 day moving average is $49.14 and its two-hundred day moving average is $48.35. GFL Environmental Inc. has a fifty-two week low of $38.78 and a fifty-two week high of $52.00. The stock has a market cap of $18.27 billion, a P/E ratio of 7.93 and a beta of 1.00.

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 for the quarter, hitting the consensus estimate of $0.19. GFL Environmental had a net margin of 48.53% and a return on equity of 3.71%. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the prior year, the company posted $0.29 earnings per share. The business's revenue was up 5.9% on a year-over-year basis. GFL Environmental has set its FY 2025 guidance at EPS. As a group, equities analysts expect that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders 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%. GFL Environmental's payout ratio is 0.94%.

Analyst Upgrades and Downgrades

GFL has been the topic of a number of analyst reports. Citigroup upped their price objective on shares of GFL Environmental from $56.00 to $58.00 and gave the company a "buy" rating in a research note on Monday, August 4th. National Bank Financial raised shares of GFL Environmental to a "strong-buy" rating in a research note on Monday, May 26th. Raymond James Financial reaffirmed an "outperform" rating and issued a $57.00 price objective (up from $56.00) on shares of GFL Environmental in a research note on Friday, May 2nd. JPMorgan Chase & Co. initiated coverage on shares of GFL Environmental in a research note on Friday, May 23rd. They issued a "neutral" rating and a $54.00 price objective on the stock. Finally, Scotiabank boosted their target price on shares of 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 research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $57.86.

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.