Vanguard Group Inc. Purchases 146,256 Shares of GFL Environmental Inc. $GFL

Key Points

• Vanguard Group Inc. has increased its stake in GFL Environmental Inc. by 1.7%, bringing its total shares to 8,843,436, which is valued at approximately $427.17 million.
• Several institutional investors are actively acquiring shares of GFL Environmental, with 64.70% of the stock currently held by institutional investors.
• GFL Environmental reported a quarterly earnings per share of $0.19, meeting analysts' expectations, but the revenue of $1.23 billion fell short of the anticipated $1.68 billion.

Vanguard Group Inc. raised its position in GFL Environmental Inc. (NYSE:GFL - Free Report) by 1.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,843,436 shares of the company's stock after acquiring an additional 146,256 shares during the period. Vanguard Group Inc. owned about 2.25% of GFL Environmental worth $427,166,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in GFL. Envestnet Asset Management Inc. raised its holdings in GFL Environmental by 16.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 207,157 shares of the company's stock valued at $9,227,000 after acquiring an additional 29,467 shares in the last quarter. Raymond James Financial Inc. acquired a new position in GFL Environmental in the 4th quarter valued at approximately $18,836,000. Rockefeller Capital Management L.P. raised its holdings in GFL Environmental by 0.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 42,153 shares of the company's stock valued at $1,878,000 after acquiring an additional 375 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in GFL Environmental by 5.9% in the 4th quarter. Canada Pension Plan Investment Board now owns 539,906 shares of the company's stock valued at $24,037,000 after acquiring an additional 30,000 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its holdings in GFL Environmental by 0.6% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 91,316 shares of the company's stock valued at $3,998,000 after acquiring an additional 526 shares in the last quarter. Institutional investors and hedge funds own 64.70% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Royal Bank Of Canada increased their target price on GFL Environmental from $56.00 to $59.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. National Bank Financial upgraded GFL Environmental to a "strong-buy" rating in a research report on Monday, May 26th. Seaport Res Ptn raised GFL Environmental to a "strong-buy" rating in a report on Tuesday, May 6th. Scotiabank boosted their target price on shares of 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, Citigroup upped their target price 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. Two investment 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 price target of $57.86.

GFL Environmental Price Performance

Shares of GFL Environmental stock traded up $0.6510 during trading on Wednesday, reaching $50.4510. The company's stock had a trading volume of 1,367,023 shares, compared to its average volume of 1,177,113. The stock has a 50-day moving average price of $49.12 and a two-hundred day moving average price of $48.22. The stock has a market capitalization of $18.33 billion, a P/E ratio of 7.95 and a beta of 1.00. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.89. GFL Environmental Inc. has a one year low of $38.78 and a one year high of $52.00.

GFL Environmental (NYSE:GFL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.19 EPS 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 firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the prior year, the firm earned $0.29 EPS. The company'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, sell-side analysts anticipate that GFL Environmental Inc. will post 0.58 EPS for the current fiscal year.

GFL Environmental Dividend Announcement

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

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.