Triasima Portfolio Management inc. lessened its position in GFL Environmental Inc. (NYSE:GFL - Free Report) by 63.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,196 shares of the company's stock after selling 42,580 shares during the period. Triasima Portfolio Management inc.'s holdings in GFL Environmental were worth $1,219,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of GFL. NewGen Asset Management Ltd acquired a new position in GFL Environmental in the 1st quarter worth about $3,986,000. Fifth Third Bancorp increased its stake in shares of GFL Environmental by 81.9% in the first quarter. Fifth Third Bancorp now owns 1,643 shares of the company's stock valued at $79,000 after buying an additional 740 shares during the period. Net Worth Advisory Group acquired a new stake in shares of GFL Environmental in the first quarter valued at about $638,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of GFL Environmental in the first quarter valued at about $385,000. Finally, Verde Servicos Internacionais S.A. acquired a new stake in shares of GFL Environmental in the first quarter valued at about $9,439,000. Institutional investors and hedge funds own 64.70% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the company. Citigroup increased their price target on GFL Environmental from $58.00 to $61.00 and gave the company a "buy" rating in a research note on Wednesday, September 17th. William Blair assumed coverage on GFL Environmental in a research note on Thursday, September 25th. They issued an "outperform" rating for the company. Stifel Nicolaus assumed coverage on GFL Environmental in a research note on Tuesday, September 30th. They issued a "buy" rating for the company. Scotiabank increased their price target on GFL Environmental from $56.00 to $60.00 and gave the company a "sector outperform" rating in a research note on Friday, August 1st. Finally, Barclays assumed coverage on GFL Environmental in a research note on Friday, September 19th. They issued an "overweight" rating and a $62.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $58.75.
View Our Latest Analysis on GFL Environmental
GFL Environmental Trading Down 1.1%
NYSE GFL opened at $45.57 on Wednesday. The business has a 50 day simple moving average of $48.50 and a 200 day simple moving average of $48.63. GFL Environmental Inc. has a one year low of $39.63 and a one year high of $52.00. The stock has a market capitalization of $16.56 billion, a P/E ratio of 7.18 and a beta of 1.17. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.67 and a quick ratio of 0.67.
GFL Environmental (NYSE:GFL - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. The business had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.68 billion. GFL Environmental had a return on equity of 3.71% and a net margin of 48.53%.The firm's revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.29 earnings per share. GFL Environmental has set its FY 2025 guidance at EPS. Research analysts expect that GFL Environmental Inc. will post 0.58 earnings per share for the current year.
GFL Environmental Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be issued a $0.0154 dividend. The ex-dividend date is Wednesday, October 15th. This represents a $0.06 annualized dividend and a yield of 0.1%. GFL Environmental's dividend payout ratio is presently 0.94%.
GFL Environmental Company Profile
(
Free Report)
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.
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