PDT Partners LLC Has $1.67 Million Stock Holdings in GFL Environmental Inc. $GFL

Key Points

• PDT Partners LLC has reduced its stake in GFL Environmental Inc. by 19%, now holding 34,492 shares valued at approximately $1.67 million.
• GFL Environmental reported earnings of $0.19 EPS for the quarter, meeting analysts' expectations, but revenue fell short at $1.23 billion compared to estimated $1.68 billion.
• The company declared a quarterly dividend of $0.0154, reflecting an annualized dividend yield of 0.1%, and has received a mix of upgrades from analysts, with an average price target of $57.86.

PDT Partners LLC lowered its stake in GFL Environmental Inc. (NYSE:GFL - Free Report) by 19.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,492 shares of the company's stock after selling 8,082 shares during the quarter. PDT Partners LLC's holdings in GFL Environmental were worth $1,666,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of GFL. Millstone Evans Group LLC grew its stake in GFL Environmental by 147.8% during the 1st quarter. Millstone Evans Group LLC now owns 560 shares of the company's stock valued at $27,000 after acquiring an additional 334 shares in the last quarter. OneDigital Investment Advisors LLC grew its stake in GFL Environmental by 2.6% during the 1st quarter. OneDigital Investment Advisors LLC now owns 17,264 shares of the company's stock valued at $834,000 after acquiring an additional 436 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in GFL Environmental by 1.1% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,309 shares of the company's stock valued at $2,478,000 after acquiring an additional 574 shares in the last quarter. Bessemer Group Inc. purchased a new position in GFL Environmental during the 1st quarter valued at about $28,000. Finally, LRI Investments LLC purchased a new position in GFL Environmental during the 1st quarter valued at about $34,000. Hedge funds and other institutional investors own 64.70% of the company's stock.

GFL Environmental Trading Down 0.7%

GFL stock traded down $0.32 during midday trading on Friday, reaching $47.92. The stock had a trading volume of 1,860,387 shares, compared to its average volume of 1,030,282. The business has a fifty day simple moving average of $49.05 and a two-hundred day simple moving average of $48.56. 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 firm has a market cap of $17.41 billion, a price-to-earnings ratio of 7.55 and a beta of 1.11. 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 issued its earnings results on Wednesday, July 30th. The company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. The company had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.68 billion. GFL Environmental had a net margin of 48.53% and a return on equity of 3.71%. The business's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS. GFL Environmental has set its FY 2025 guidance at EPS. As a group, research analysts expect that GFL Environmental Inc. will post 0.58 EPS for the current fiscal year.

GFL Environmental Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on GFL shares. JPMorgan Chase & Co. began coverage on GFL Environmental in a research report on Friday, May 23rd. They issued a "neutral" rating and a $54.00 price target for the company. Scotiabank increased their price objective on GFL Environmental from $56.00 to $60.00 and gave the company a "sector outperform" rating in a research report on Friday, August 1st. Truist Financial increased their price objective on GFL Environmental from $58.00 to $60.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Royal Bank Of Canada increased their price objective on GFL Environmental from $56.00 to $59.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Finally, Citigroup increased their price objective on GFL Environmental from $56.00 to $58.00 and gave the company a "buy" rating in a research report on Monday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has an average 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.