Yaupon Capital Management LP Acquires 257,623 Shares of 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 grew its stake in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 146.9% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 433,046 shares of the company's stock after buying an additional 257,623 shares during the period. GFL Environmental makes up 1.1% of Yaupon Capital Management LP's investment portfolio, making the stock its 29th biggest holding. Yaupon Capital Management LP owned about 0.11% of GFL Environmental worth $20,920,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its stake in GFL Environmental by 1.7% in the first quarter. Vanguard Group Inc. now owns 8,843,436 shares of the company's stock valued at $427,166,000 after acquiring an additional 146,256 shares during the period. Royal Bank of Canada grew its stake in GFL Environmental by 4.4% during the first quarter. Royal Bank of Canada now owns 7,883,481 shares of the company's stock worth $380,850,000 after buying an additional 334,218 shares during the last quarter. American Century Companies Inc. grew its stake in GFL Environmental by 87.2% during the first quarter. American Century Companies Inc. now owns 4,515,302 shares of the company's stock worth $218,134,000 after buying an additional 2,102,663 shares during the last quarter. Maverick Capital Ltd. grew its stake in GFL Environmental by 13.9% during the first quarter. Maverick Capital Ltd. now owns 4,301,966 shares of the company's stock worth $207,828,000 after buying an additional 523,360 shares during the last quarter. Finally, TD Asset Management Inc grew its stake in shares of GFL Environmental by 19.0% during the first quarter. TD Asset Management Inc now owns 1,330,765 shares of the company's stock valued at $64,271,000 after purchasing an additional 212,844 shares during the last quarter. Institutional investors and hedge funds own 64.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on GFL. Royal Bank Of Canada increased their price target on shares of GFL Environmental from $56.00 to $59.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Scotiabank increased their price objective on shares of GFL Environmental from $56.00 to $60.00 and gave the company a "sector outperform" rating in a report on Friday, August 1st. Citigroup increased their price objective on shares of GFL Environmental from $56.00 to $58.00 and gave the company a "buy" rating in a report on Monday, August 4th. Truist Financial increased their price objective on shares of GFL Environmental from $58.00 to $60.00 and gave the company a "buy" rating in a report on Friday, August 1st. Finally, National Bank Financial upgraded shares of GFL Environmental to a "strong-buy" rating in a report on Monday, May 26th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $57.86.

GFL Environmental Stock Down 2.0%

Shares of NYSE:GFL traded down $0.97 during midday trading on Friday, reaching $47.17. 1,139,391 shares of the company were exchanged, compared to its average volume of 1,123,994. GFL Environmental Inc. has a fifty-two week low of $38.78 and a fifty-two 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 stock has a fifty day simple moving average of $48.91 and a two-hundred day simple moving average of $48.63. The firm has a market cap of $17.14 billion, a PE ratio of 7.43 and a beta of 1.11.

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 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 business posted $0.29 earnings per share. The firm'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 forecast that GFL Environmental Inc. will post 0.58 earnings per share for the current year.

GFL Environmental Dividend Announcement

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

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.