Mn Services Vermogensbeheer B.V. Makes New Investment in GFL Environmental Inc. $GFL

Key Points

• Mn Services Vermogensbeheer B.V. acquired a new stake in GFL Environmental Inc., purchasing 78,700 shares valued at approximately $3.97 million.
• Analysts have raised their ratings for GFL Environmental, with National Bank Financial and others setting price targets between $56.00 and $62.00.
• GFL Environmental recently announced a quarterly dividend of $0.0154 per share, reflecting a 0.1% dividend yield and a payout ratio of 0.94%.

Mn Services Vermogensbeheer B.V. purchased a new stake in GFL Environmental Inc. (NYSE:GFL - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 78,700 shares of the company's stock, valued at approximately $3,965,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GFL. Vanguard Group Inc. lifted its stake in 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 last quarter. Royal Bank of Canada lifted its stake in GFL Environmental by 4.4% in the first quarter. Royal Bank of Canada now owns 7,883,481 shares of the company's stock valued at $380,850,000 after buying an additional 334,218 shares during the last quarter. American Century Companies Inc. lifted its stake in GFL Environmental by 87.2% in the first quarter. American Century Companies Inc. now owns 4,515,302 shares of the company's stock valued at $218,134,000 after buying an additional 2,102,663 shares during the last quarter. Maverick Capital Ltd. lifted its stake in GFL Environmental by 13.9% in the first quarter. Maverick Capital Ltd. now owns 4,301,966 shares of the company's stock valued at $207,828,000 after buying an additional 523,360 shares during the last quarter. Finally, TD Asset Management Inc lifted its stake in GFL Environmental by 19.0% in the first quarter. TD Asset Management Inc now owns 1,330,765 shares of the company's stock valued at $64,271,000 after buying an additional 212,844 shares during the last quarter. 64.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Truist Financial upped their price target on GFL Environmental from $58.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Citigroup upped their price target on GFL Environmental from $58.00 to $61.00 and gave the stock a "buy" rating in a research note on Wednesday, September 17th. National Bank Financial upgraded GFL Environmental to a "strong-buy" rating in a research note on Monday, May 26th. Barclays assumed coverage on GFL Environmental in a research note on Friday. They set an "overweight" rating and a $62.00 price target for the company. Finally, Royal Bank Of Canada upped their price target on GFL Environmental from $56.00 to $59.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $58.75.

GFL Environmental Trading Down 0.2%

NYSE:GFL traded down $0.09 during mid-day trading on Tuesday, reaching $45.88. The company's stock had a trading volume of 760,465 shares, compared to its average volume of 1,595,925. The company's fifty day simple moving average is $48.75 and its two-hundred day simple moving average is $48.67. 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 twelve month low of $38.78 and a twelve month high of $52.00. The stock has a market cap of $16.67 billion, a P/E ratio of 7.23 and a beta of 1.11.

GFL Environmental (NYSE:GFL - Get Free Report) last issued its quarterly 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. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.68 billion. GFL Environmental had a return on equity of 3.71% and a net margin of 48.53%.The firm's quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the company earned $0.29 EPS. GFL Environmental has set its FY 2025 guidance at EPS. On average, equities analysts predict that GFL Environmental Inc. will post 0.58 EPS for the current year.

GFL Environmental Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, July 14th were paid a $0.0154 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, July 14th. GFL Environmental's payout ratio is currently 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.