UniSuper Management Pty Ltd Grows Position in GFL Environmental Inc. $GFL

Key Points

• UniSuper Management Pty Ltd increased its stake in GFL Environmental by 818.6%, owning 36,742 shares valued at approximately $1.77 million.
• GFL Environmental's stock is currently experiencing a 0.9% decline, with a market capitalization of $17.22 billion and a P/E ratio of 7.46.
• The company recently declared a quarterly dividend of $0.0154 per share, representing an annualized yield of 0.1%.

UniSuper Management Pty Ltd grew its stake in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 818.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,742 shares of the company's stock after acquiring an additional 32,742 shares during the quarter. UniSuper Management Pty Ltd's holdings in GFL Environmental were worth $1,775,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of 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 last quarter. Royal Bank of Canada grew its position in GFL Environmental by 4.4% in the 1st quarter. Royal Bank of Canada now owns 7,883,481 shares of the company's stock worth $380,850,000 after purchasing an additional 334,218 shares during the period. American Century Companies Inc. raised its stake in GFL Environmental by 87.2% during the 1st quarter. American Century Companies Inc. now owns 4,515,302 shares of the company's stock valued at $218,134,000 after buying an additional 2,102,663 shares during the last quarter. Maverick Capital Ltd. lifted its holdings in shares of GFL Environmental by 13.9% during the 1st quarter. Maverick Capital Ltd. now owns 4,301,966 shares of the company's stock valued at $207,828,000 after buying an additional 523,360 shares during the period. Finally, TD Asset Management Inc boosted its stake in shares of GFL Environmental by 19.0% in the 1st quarter. TD Asset Management Inc now owns 1,330,765 shares of the company's stock worth $64,271,000 after buying an additional 212,844 shares during the last quarter. 64.70% of the stock is currently owned by institutional investors.

GFL Environmental Stock Down 0.9%

NYSE GFL opened at $47.40 on Thursday. GFL Environmental Inc. has a 52 week low of $38.78 and a 52 week high of $52.00. 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 company has a market capitalization of $17.22 billion, a P/E ratio of 7.46 and a beta of 1.11. The stock's 50-day moving average price is $48.93 and its 200-day moving average price is $48.57.

GFL Environmental (NYSE:GFL - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 analyst estimates of $1.68 billion. During the same period in the prior year, the firm posted $0.29 EPS. The firm'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 predict that GFL Environmental Inc. will post 0.58 earnings per share for the current year.

GFL Environmental Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently commented on GFL shares. Scotiabank upped their price objective on GFL Environmental from $56.00 to $60.00 and gave the company a "sector outperform" rating in a research report on Friday, August 1st. 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 research report on Friday, August 1st. Truist Financial increased their price objective on shares of GFL Environmental from $58.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Citigroup boosted their target price on shares of GFL Environmental from $56.00 to $58.00 and gave the company a "buy" rating in a research report on Monday, August 4th. Finally, JPMorgan Chase & Co. started coverage on shares of GFL Environmental in a report on Friday, May 23rd. They set a "neutral" rating and a $54.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $57.86.

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.

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