411,681 Shares in GFL Environmental Inc. $GFL Bought by Nuveen LLC

Key Points

• Nuveen LLC acquired approximately $19.89 million in shares of GFL Environmental Inc., representing 0.10% of the company's stock as of its most recent SEC filing.
• GFL Environmental has reported a P/E ratio of 7.83 and a net margin of 48.53%, with a quarterly revenue of $1.23 billion, although it fell short of analysts' expectations.
• Several analysts have increased their target prices for GFL Environmental, with a consensus rating of "Buy" and a target price of $57.86, indicating positive market sentiment.

Nuveen LLC acquired a new stake in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 411,681 shares of the company's stock, valued at approximately $19,886,000. Nuveen LLC owned 0.10% of GFL Environmental at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Fred Alger Management LLC raised its position in GFL Environmental by 1.9% during the fourth quarter. Fred Alger Management LLC now owns 10,411,148 shares of the company's stock valued at $463,713,000 after purchasing an additional 190,018 shares during the period. Vanguard Group Inc. raised its holdings in shares of 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 buying an additional 146,256 shares during the period. Soros Fund Management LLC raised its holdings in shares of GFL Environmental by 1.5% in the fourth quarter. Soros Fund Management LLC now owns 3,203,904 shares of the company's stock worth $142,702,000 after buying an additional 47,577 shares during the period. TD Asset Management Inc raised its holdings in shares of GFL Environmental by 19.0% in the first quarter. TD Asset Management Inc now owns 1,330,765 shares of the company's stock worth $64,271,000 after buying an additional 212,844 shares during the period. Finally, Progeny 3 Inc. raised its holdings in shares of GFL Environmental by 14.0% in the fourth quarter. Progeny 3 Inc. now owns 1,018,300 shares of the company's stock worth $45,355,000 after buying an additional 125,000 shares during the period. 64.70% of the stock is currently owned by hedge funds and other institutional investors.

GFL Environmental Stock Down 3.0%

NYSE GFL traded down $1.5250 during midday trading on Monday, hitting $49.5050. 1,001,960 shares of the company traded hands, compared to its average volume of 1,289,609. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market cap of $17.99 billion, a PE ratio of 7.80 and a beta of 1.00. The company's 50-day simple moving average is $49.14 and its 200-day simple moving average is $48.38. GFL Environmental Inc. has a 52 week low of $38.78 and a 52 week high of $52.00.

GFL Environmental (NYSE:GFL - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. The business had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.68 billion. GFL Environmental had a return on equity of 3.71% and a net margin of 48.53%.The business's revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.29 EPS. GFL Environmental has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that GFL Environmental Inc. will post 0.58 earnings per share for the current year.

GFL Environmental Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, July 14th were paid a dividend of $0.0154 per share. This represents a $0.06 annualized dividend and a yield of 0.1%. GFL Environmental's dividend payout ratio (DPR) is 0.94%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada increased their price target on GFL Environmental from $56.00 to $59.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Citigroup raised their price objective on GFL Environmental from $56.00 to $58.00 and gave the stock a "buy" rating in a report on Monday, August 4th. Scotiabank raised their price objective 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. began coverage on GFL Environmental in a report on Friday, May 23rd. They set a "neutral" rating and a $54.00 price objective on the stock. Finally, Seaport Res Ptn upgraded GFL Environmental to a "strong-buy" rating in a report on Tuesday, May 6th. Two 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target 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.