Scientech Research LLC Acquires Shares of 16,189 GFL Environmental Inc. $GFL

Key Points

• Scientech Research LLC has acquired a new position in GFL Environmental Inc., purchasing 16,189 shares valued at approximately $782,000.
• GFL Environmental reported quarterly earnings of $0.19 per share, meeting analysts' expectations, with revenue amounting to $1.23 billion.
• The company recently declared a quarterly dividend of $0.0154 per share, which equates to an annualized dividend yield of 0.1%.

Scientech Research LLC 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 13F filing with the Securities & Exchange Commission. The institutional investor purchased 16,189 shares of the company's stock, valued at approximately $782,000.

Several other institutional investors have also modified their holdings of GFL. Millstone Evans Group LLC lifted its holdings in GFL Environmental by 147.8% in the first quarter. Millstone Evans Group LLC now owns 560 shares of the company's stock worth $27,000 after purchasing an additional 334 shares during the period. Bessemer Group Inc. acquired a new stake in GFL Environmental in the first quarter worth about $28,000. LRI Investments LLC acquired a new stake in GFL Environmental in the first quarter worth about $34,000. Harbor Investment Advisory LLC acquired a new stake in GFL Environmental in the first quarter worth about $53,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in GFL Environmental in the first quarter worth about $59,000. Institutional investors own 64.70% of the company's stock.

GFL Environmental Price Performance

NYSE GFL traded down $0.97 on Friday, reaching $47.17. The company's stock had a trading volume of 1,139,391 shares, compared to its average volume of 1,131,540. GFL Environmental Inc. has a twelve month low of $38.78 and a twelve month high of $52.00. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market cap of $17.14 billion, a PE ratio of 7.43 and a beta of 1.11. The firm's 50 day moving average is $48.91 and its two-hundred day moving average is $48.67.

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 for the quarter, meeting analysts' consensus estimates 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 the consensus estimate of $1.68 billion. During the same period in the prior year, the company earned $0.29 EPS. GFL Environmental's revenue was up 5.9% on a year-over-year basis. GFL Environmental has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that GFL Environmental Inc. will post 0.58 EPS for the current year.

GFL Environmental Announces Dividend

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

Analysts Set New Price Targets

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

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.