Verde Servicos Internacionais S.A. Sells 22,810 Shares of GFL Environmental Inc. $GFL

Key Points

• Verde Servicos Internacionais S.A. sold 22,810 shares of GFL Environmental Inc., reducing its stake by 11.7%, and now holds 172,575 shares valued at $8.7 million, making GFL its 12th largest holding.
• GFL Environmental reported a revenue of $1.23 billion in the last quarter, which fell short of analyst estimates of $1.68 billion, but matched its expected EPS of $0.19.
• The company announced a quarterly dividend of $0.0154 to be paid on October 31, with a low annualized dividend yield of 0.1% amidst a payout ratio of 0.94%.

Verde Servicos Internacionais S.A. lowered its stake in GFL Environmental Inc. (NYSE:GFL - Free Report) by 11.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,575 shares of the company's stock after selling 22,810 shares during the period. GFL Environmental accounts for 3.8% of Verde Servicos Internacionais S.A.'s holdings, making the stock its 12th largest holding. Verde Servicos Internacionais S.A.'s holdings in GFL Environmental were worth $8,708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Millstone Evans Group LLC boosted its holdings in shares of GFL Environmental by 147.8% during the 1st quarter. Millstone Evans Group LLC now owns 560 shares of the company's stock valued at $27,000 after acquiring an additional 334 shares in the last quarter. Bessemer Group Inc. acquired a new position in shares of GFL Environmental in the first quarter valued at approximately $28,000. LRI Investments LLC bought a new position in GFL Environmental in the 1st quarter valued at approximately $34,000. Caitong International Asset Management Co. Ltd acquired a new stake in GFL Environmental during the 1st quarter worth approximately $59,000. Finally, Fifth Third Bancorp grew its holdings in GFL Environmental by 81.9% during the 1st quarter. Fifth Third Bancorp now owns 1,643 shares of the company's stock worth $79,000 after acquiring an additional 740 shares during the last quarter. 64.70% of the stock is currently owned by institutional investors and hedge funds.

GFL Environmental Stock Performance

GFL stock opened at $45.15 on Friday. The firm has a market cap of $16.41 billion, a PE ratio of 7.11 and a beta of 1.17. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.89. The stock has a 50-day moving average price of $48.36 and a 200-day moving average price of $48.59. GFL Environmental Inc. has a 1-year low of $39.63 and a 1-year high of $52.00.

GFL Environmental (NYSE:GFL - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates 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 for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.29 EPS. GFL Environmental has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that GFL Environmental Inc. will post 0.58 earnings per share for the current year.

GFL Environmental Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be paid a $0.0154 dividend. The ex-dividend date is Wednesday, October 15th. This represents a $0.06 annualized dividend and a dividend yield of 0.1%. GFL Environmental's payout ratio is currently 0.94%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on GFL shares. Citigroup raised their price target on shares of GFL Environmental from $58.00 to $61.00 and gave the company a "buy" rating in a research note on Wednesday, September 17th. Stifel Nicolaus assumed coverage on GFL Environmental in a research report on Tuesday, September 30th. They set a "buy" rating for the company. Barclays started coverage on GFL Environmental in a report on Friday, September 19th. They set an "overweight" rating and a $62.00 target price on the stock. Raymond James Financial set a $57.00 price target on GFL Environmental and gave the company an "outperform" rating in a research note on Monday. Finally, William Blair assumed coverage on GFL Environmental in a research report on Thursday, September 25th. They set an "outperform" rating for the company. Two equities research 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $58.75.

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.

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