UniSuper Management Pty Ltd Grows Stock 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 boosted its stake in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 818.6% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 36,742 shares of the company's stock after purchasing an additional 32,742 shares during the period. UniSuper Management Pty Ltd's holdings in GFL Environmental were worth $1,775,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GFL. American Century Companies Inc. grew its position 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 worth $218,134,000 after purchasing an additional 2,102,663 shares during the period. Robeco Schweiz AG acquired a new stake in GFL Environmental during the 1st quarter worth about $32,724,000. 1832 Asset Management L.P. acquired a new stake in GFL Environmental during the 1st quarter worth about $27,150,000. Ghisallo Capital Management LLC acquired a new stake in GFL Environmental during the 1st quarter worth about $26,570,000. Finally, Canada Pension Plan Investment Board grew its position in shares of GFL Environmental by 101.7% during the 1st quarter. Canada Pension Plan Investment Board now owns 1,089,215 shares of the company's stock valued at $52,621,000 after acquiring an additional 549,309 shares during the period. 64.70% of the stock is owned by institutional investors and hedge funds.

GFL Environmental Price Performance

GFL traded up $0.02 during trading on Tuesday, reaching $46.42. The company's stock had a trading volume of 1,459,098 shares, compared to its average volume of 1,179,044. 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 has a fifty day simple moving average of $48.85 and a two-hundred day simple moving average of $48.66. GFL Environmental Inc. has a 1 year low of $38.78 and a 1 year high of $52.00. The company has a market cap of $16.87 billion, a price-to-earnings ratio of 7.31 and a beta of 1.11.

GFL Environmental (NYSE:GFL - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.19 earnings per share for the quarter, hitting analysts' consensus estimates of $0.19. GFL Environmental had a net margin of 48.53% and a return on equity of 3.71%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period last year, the company posted $0.29 EPS. The business'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, analysts anticipate that GFL Environmental Inc. will post 0.58 EPS for the current year.

GFL Environmental Dividend Announcement

The firm 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. This represents a $0.06 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Monday, July 14th. GFL Environmental's dividend payout ratio (DPR) is 0.94%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GFL. National Bank Financial upgraded GFL Environmental to a "strong-buy" rating in a research report on Monday, May 26th. Royal Bank Of Canada raised their target price on GFL Environmental from $56.00 to $59.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Scotiabank raised their target price 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. JPMorgan Chase & Co. began coverage on GFL Environmental in a research report on Friday, May 23rd. They set a "neutral" rating and a $54.00 target price on the stock. Finally, Truist Financial raised their target price on GFL Environmental from $58.00 to $60.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, GFL Environmental presently has a consensus rating of "Buy" and a consensus price target of $57.86.

GFL Environmental 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.