GFL Environmental Inc. $GFL Shares Sold by Polar Asset Management Partners Inc.

Key Points

• Polar Asset Management Partners Inc. reduced its stake in GFL Environmental Inc. by 37.5%, selling 44,951 shares and leaving it with 75,000 shares valued at approximately $3.62 million.
• Several institutional investors increased their positions in GFL, with Millstone Evans Group LLC raising its stake by 147.8%, and other firms buying new holdings during the first quarter.
• GFL Environmental recently reported earnings of $0.19 per share, matching estimates, and has set its fiscal year 2025 guidance, with sell-side analysts anticipating an EPS of 0.58 for the current year.

Polar Asset Management Partners Inc. decreased its position in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 37.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,000 shares of the company's stock after selling 44,951 shares during the quarter. Polar Asset Management Partners Inc.'s holdings in GFL Environmental were worth $3,623,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of GFL. Bessemer Group Inc. acquired a new stake in GFL Environmental during the 1st quarter valued at approximately $28,000. Cambridge Investment Research Advisors Inc. purchased a new position in shares of GFL Environmental during the first quarter worth $385,000. Vanguard Group Inc. lifted its position in GFL Environmental by 1.7% during the first quarter. Vanguard Group Inc. now owns 8,843,436 shares of the company's stock valued at $427,166,000 after purchasing an additional 146,256 shares during the period. Bank of New York Mellon Corp boosted its holdings in GFL Environmental by 2.7% in the first quarter. Bank of New York Mellon Corp now owns 192,306 shares of the company's stock valued at $9,290,000 after purchasing an additional 4,981 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in GFL Environmental by 43.1% during the 1st quarter. Cetera Investment Advisers now owns 17,516 shares of the company's stock worth $846,000 after purchasing an additional 5,278 shares during the period. Institutional investors and hedge funds own 64.70% of the company's stock.

Analysts Set New Price Targets

GFL has been the subject of several analyst reports. JPMorgan Chase & Co. initiated coverage on GFL Environmental in a report on Friday, May 23rd. They issued a "neutral" rating and a $54.00 price objective for the company. National Bank Financial upgraded GFL Environmental to a "strong-buy" rating in a research report on Monday, May 26th. Citigroup lifted their target price on shares of GFL Environmental from $56.00 to $58.00 and gave the company a "buy" rating in a report on Monday, August 4th. Truist Financial boosted their target price on shares of GFL Environmental from $58.00 to $60.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Finally, Royal Bank Of Canada raised their price target on shares of GFL Environmental from $56.00 to $59.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Two research 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.com, GFL Environmental has a consensus rating of "Buy" and an average price target of $57.86.

GFL Environmental Price Performance

NYSE:GFL traded up $0.78 during trading hours on Thursday, reaching $48.15. 450,105 shares of the company were exchanged, compared to its average volume of 1,604,789. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.89. The firm has a market cap of $17.50 billion, a PE ratio of 7.58 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. The stock's 50-day moving average is $48.93 and its 200-day moving average is $48.57.

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. GFL Environmental had a net margin of 48.53% and a return on equity of 3.71%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter last year, the business earned $0.29 earnings per share. The company'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. On average, sell-side analysts anticipate that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Dividend Announcement

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

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.