Yaupon Capital Management LP Raises Stock Holdings in GFL Environmental Inc. $GFL

Key Points

• Yaupon Capital Management LP increased its stake in GFL Environmental Inc. by 146.9% in Q1, acquiring an additional 257,623 shares to own a total of 433,046 shares, representing 1.1% of its investment portfolio.
• GFL Environmental has received favorable analyst ratings, with upgraded price targets from institutions such as the Royal Bank of Canada and Citigroup, reflecting a consensus rating of "Buy" and an average price target of $57.86.
• GFL Environmental declared a quarterly dividend of $0.0154 per share, yielding 0.1%, with a current dividend payout ratio of 0.94%.

Yaupon Capital Management LP raised its holdings in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 146.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 433,046 shares of the company's stock after purchasing an additional 257,623 shares during the period. GFL Environmental makes up about 1.1% of Yaupon Capital Management LP's investment portfolio, making the stock its 29th largest holding. Yaupon Capital Management LP owned 0.11% of GFL Environmental worth $20,920,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of GFL. Millstone Evans Group LLC increased its position in GFL Environmental by 147.8% in the first quarter. Millstone Evans Group LLC now owns 560 shares of the company's stock worth $27,000 after buying an additional 334 shares in the last quarter. Bessemer Group Inc. purchased a new stake in GFL Environmental in the 1st quarter worth approximately $28,000. LRI Investments LLC purchased a new stake in GFL Environmental in the 1st quarter worth approximately $34,000. Harbor Investment Advisory LLC purchased a new stake in GFL Environmental in the 1st quarter worth approximately $53,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in GFL Environmental in the 1st quarter worth approximately $59,000. 64.70% of the stock is currently owned by hedge funds and other institutional investors.

GFL Environmental Trading Down 2.0%

GFL stock traded down $0.97 during midday trading on Friday, reaching $47.17. 1,139,391 shares of the company traded hands, compared to its average volume of 1,123,994. GFL Environmental Inc. has a 52-week low of $38.78 and a 52-week high of $52.00. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.67 and a current ratio of 0.67. The business has a 50 day moving average of $48.91 and a 200-day moving average of $48.60. The firm has a market capitalization of $17.14 billion, a price-to-earnings ratio of 7.43 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 EPS for the quarter, meeting analysts' consensus estimates of $0.19. GFL Environmental had a return on equity of 3.71% and a net margin of 48.53%.The firm had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.68 billion. During the same quarter in the prior year, the firm posted $0.29 earnings per share. The company's quarterly 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 expect that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, July 14th were given a dividend of $0.0154 per share. This represents a $0.06 annualized dividend 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%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on GFL. Royal Bank Of Canada increased their target price on shares of GFL Environmental from $56.00 to $59.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Scotiabank increased their target price on shares of GFL Environmental from $56.00 to $60.00 and gave the stock a "sector 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. JPMorgan Chase & Co. began coverage on GFL Environmental in a research report on Friday, May 23rd. They issued a "neutral" rating and a $54.00 price objective on the stock. Finally, Citigroup boosted their price objective on GFL Environmental from $56.00 to $58.00 and gave the company a "buy" rating in a research report on Monday, August 4th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, GFL Environmental currently has a consensus rating of "Buy" and an average target price of $57.86.

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.