Scientech Research LLC Makes New Investment in 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 stake in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 16,189 shares of the company's stock, valued at approximately $782,000.

Other large investors also recently bought and sold shares of the company. Millstone Evans Group LLC raised its stake 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 buying an additional 334 shares in the last quarter. Bessemer Group Inc. bought a new position in GFL Environmental in the first quarter worth approximately $28,000. LRI Investments LLC bought a new position in GFL Environmental in the first quarter worth approximately $34,000. Harbor Investment Advisory LLC bought a new position in GFL Environmental in the first quarter worth approximately $53,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in GFL Environmental in the first quarter worth approximately $59,000. Institutional investors own 64.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on GFL shares. JPMorgan Chase & Co. started coverage on shares of GFL Environmental in a research note on Friday, May 23rd. They issued a "neutral" rating and a $54.00 price objective for the company. Scotiabank boosted their price objective on shares of GFL Environmental from $56.00 to $60.00 and gave the stock a "sector outperform" rating in a research note on Friday, August 1st. Citigroup lifted their price target 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. Royal Bank Of Canada lifted their price target on shares of GFL Environmental from $56.00 to $59.00 and gave the stock 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 investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $57.86.

GFL Environmental Stock Performance

NYSE GFL traded down $0.97 on Friday, reaching $47.17. 1,139,391 shares of the company's stock traded hands, compared to its average volume of 1,123,994. The firm has a market cap of $17.14 billion, a price-to-earnings ratio of 7.43 and a beta of 1.11. The stock has a 50 day moving average price of $48.91 and a 200-day moving average price of $48.60. GFL Environmental Inc. has a fifty-two week low of $38.78 and a fifty-two week 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.

GFL Environmental (NYSE:GFL - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.19. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.68 billion. GFL Environmental had a net margin of 48.53% and a return on equity of 3.71%. The firm's quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.29 earnings per share. GFL Environmental has set its FY 2025 guidance at EPS. Equities research analysts predict that GFL Environmental Inc. will post 0.58 EPS for the current fiscal 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 given a dividend of $0.0154 per share. The ex-dividend date was Monday, July 14th. This represents a $0.06 dividend on an annualized basis and a yield of 0.1%. GFL Environmental's payout ratio is currently 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.