Partners Capital Investment Group LLP Makes New Investment in GFL Environmental Inc. $GFL

Key Points

• Partners Capital Investment Group LLP acquired 8,105 shares of GFL Environmental Inc. for approximately $392,000 in the first quarter.
• GFL Environmental reported a net margin of 48.53% for the last quarter, with earnings per share meeting the consensus estimate at $0.19.
• The company recently announced a $0.0154 quarterly dividend, reflecting a low dividend yield of 0.1% and a payout ratio of 0.94%.

Partners Capital Investment Group LLP purchased a new position in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 8,105 shares of the company's stock, valued at approximately $392,000.

Other hedge funds also recently made changes to their positions in the company. Millstone Evans Group LLC lifted its position in GFL Environmental by 147.8% during 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 in the last quarter. OneDigital Investment Advisors LLC raised its position in shares of GFL Environmental by 2.6% during the 1st quarter. OneDigital Investment Advisors LLC now owns 17,264 shares of the company's stock worth $834,000 after buying an additional 436 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its position in shares of GFL Environmental by 0.6% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 91,316 shares of the company's stock worth $3,998,000 after buying an additional 526 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of GFL Environmental by 1.1% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,309 shares of the company's stock worth $2,478,000 after purchasing an additional 574 shares during the last quarter. Finally, Bessemer Group Inc. purchased a new position in shares of GFL Environmental in the first quarter worth approximately $28,000. Institutional investors and hedge funds own 64.70% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on GFL. Citigroup boosted their target price on shares of GFL Environmental from $56.00 to $58.00 and gave the stock a "buy" rating in a research report on Monday, August 4th. JPMorgan Chase & Co. initiated coverage on shares of GFL Environmental in a report on Friday, May 23rd. They set a "neutral" rating and a $54.00 price target for the company. National Bank Financial raised shares of GFL Environmental to a "strong-buy" rating in a report on Monday, May 26th. Raymond James Financial reaffirmed an "outperform" rating and issued a $57.00 target price (up from $56.00) on shares of GFL Environmental in a research note on Friday, May 2nd. 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 issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, GFL Environmental currently has a consensus rating of "Buy" and an average price target of $57.86.

GFL Environmental Price Performance

GFL stock traded down $0.14 during trading on Wednesday, reaching $49.77. 103,388 shares of the company were exchanged, compared to its average volume of 1,628,196. The company has a 50-day moving average of $49.15 and a two-hundred day moving average of $48.39. The company has a market capitalization of $18.09 billion, a price-to-earnings ratio of 7.84 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 twelve month low of $38.78 and a twelve month high of $52.00.

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 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 company had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.68 billion. During the same period in the prior year, the company posted $0.29 earnings per share. GFL Environmental's revenue for the quarter was up 5.9% compared to the same quarter last year. GFL Environmental has set its FY 2025 guidance at EPS. As a group, equities analysts predict that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Announces Dividend

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

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.