Tema Etfs LLC Takes Position in GFL Environmental Inc. $GFL

Key Points

• Tema Etfs LLC has acquired a new stake in GFL Environmental Inc. valued at approximately $2.24 million, purchasing 46,459 shares in the first quarter.
• Several institutional investors have increased their positions in GFL Environmental, with 64.70% of the stock currently owned by institutional investors.
• Analysts have raised their price targets for GFL Environmental, with Scotiabank increasing it from $56.00 to $60.00 and the stock receiving an average rating of "Buy" with a consensus price target of $57.86.

Tema Etfs LLC acquired a new position in GFL Environmental Inc. (NYSE:GFL - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 46,459 shares of the company's stock, valued at approximately $2,244,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Millstone Evans Group LLC increased its position 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. 64.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Royal Bank Of Canada lifted their price objective on GFL Environmental from $56.00 to $59.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Scotiabank boosted their target price on GFL Environmental from $56.00 to $60.00 and gave the stock a "sector outperform" rating in a research report on Friday, August 1st. Truist Financial boosted their target price on GFL Environmental from $58.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Seaport Res Ptn upgraded GFL Environmental to a "strong-buy" rating in a research report on Tuesday, May 6th. Finally, Citigroup boosted their target price on GFL Environmental from $56.00 to $58.00 and gave the stock a "buy" rating in a research report on Monday, August 4th. Two equities research 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 company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $57.86.

GFL Environmental Stock Up 1.5%

Shares of GFL traded up $0.75 on Monday, hitting $50.07. The company's stock had a trading volume of 716,384 shares, compared to its average volume of 1,113,655. 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's fifty day moving average price is $49.15 and its 200-day moving average price is $48.48. GFL Environmental Inc. has a fifty-two week low of $38.78 and a fifty-two week high of $52.00. The firm has a market capitalization of $18.19 billion, a price-to-earnings ratio of 7.88 and a beta of 1.11.

GFL Environmental (NYSE:GFL - Get Free Report) last issued its quarterly earnings data 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 return on equity of 3.71% and a net margin of 48.53%.The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same period in the previous year, the firm earned $0.29 EPS. GFL Environmental's quarterly revenue was up 5.9% compared to the same quarter last year. GFL Environmental has set its FY 2025 guidance at EPS. On average, equities research analysts expect that GFL Environmental Inc. will post 0.58 EPS for the current year.

GFL Environmental Announces Dividend

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

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.