GFL Environmental Sees Unusually Large Options Volume (NYSE:GFL)

Key Points

• Investors bought 41,322 GFL call options on Thursday, 87% above the average daily call-option volume of 22,071.
• Institutional investors own 64.7% of GFL shares; several firms recently increased their holdings, including Bank of America, which raised its stake by 43.8%.
• Analyst sentiment is Moderate Buy, with a consensus price target of $57.11. The latest reported quarterly EPS of $0.19 matched estimates.

GFL Environmental Inc. (NYSE:GFL - Get Free Report) was the recipient of some unusual options trading activity on Thursday. Investors purchased 41,322 call options on the stock. This is an increase of 87% compared to the average daily volume of 22,071 call options.

Hedge Funds Weigh In On GFL Environmental

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. QV Investors Inc. acquired a new position in shares of GFL Environmental in the 3rd quarter valued at $44,887,000. Maven Securities LTD grew its stake in shares of GFL Environmental by 18.7% during the second quarter. Maven Securities LTD now owns 143,198 shares of the company's stock worth $5,268,000 after purchasing an additional 22,551 shares during the period. Bank of America Corp DE grew its stake in shares of GFL Environmental by 43.8% during the first quarter. Bank of America Corp DE now owns 1,847,166 shares of the company's stock worth $77,064,000 after purchasing an additional 563,001 shares during the period. TD Waterhouse Canada Inc. grew its stake in shares of GFL Environmental by 29.1% during the third quarter. TD Waterhouse Canada Inc. now owns 374,906 shares of the company's stock worth $15,182,000 after purchasing an additional 84,555 shares during the period. Finally, Vise Technologies Inc. grew its stake in shares of GFL Environmental by 158.7% during the third quarter. Vise Technologies Inc. now owns 19,401 shares of the company's stock worth $812,000 after purchasing an additional 11,901 shares during the period. 64.70% of the stock is owned by institutional investors.

GFL Environmental Price Performance

Shares of GFL stock opened at $41.94 on Thursday. The firm has a market cap of $18.29 billion, a price-to-earnings ratio of -53.44, a PEG ratio of 3.18 and a beta of 0.68. GFL Environmental has a 12 month low of $33.33 and a 12 month high of $46.76. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.03. The stock has a 50-day moving average price of $43.29 and a 200 day moving average price of $40.91.

GFL Environmental (NYSE:GFL - Get Free Report) last released its earnings results on Wednesday, October 28th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.19. GFL Environmental had a negative net margin of 4.93% and a positive return on equity of 3.84%. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $1.49 billion. Research analysts expect that GFL Environmental will post 0.56 EPS for the current year.

GFL Environmental Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, October 14th were issued a $0.0169 dividend. This represents a $0.07 annualized dividend and a yield of 0.2%. The ex-dividend date was Wednesday, October 14th. GFL Environmental's dividend payout ratio is currently -8.86%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on GFL. Barclays upped their price objective on shares of GFL Environmental from $58.00 to $59.00 and gave the stock an "overweight" rating in a research note on Friday, October 30th. Wolfe Research started coverage on shares of GFL Environmental in a research note on Tuesday, September 15th. They issued an "outperform" rating and a $77.00 target price for the company. Citigroup boosted their target price on GFL Environmental from $51.00 to $52.00 and gave the stock a "buy" rating in a report on Monday, November 2nd. JPMorgan Chase & Co. decreased their price target on GFL Environmental from $42.00 to $40.00 and set an "underweight" rating on the stock in a research report on Wednesday. Finally, TD Cowen restated a "buy" rating and set a $65.00 price target on shares of GFL Environmental in a research report on Friday, September 11th. Ten investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, GFL Environmental presently has a consensus rating of "Moderate Buy" and a consensus target price of $57.11.

About GFL Environmental

GFL Environmental is a North American waste management company focused on providing solid waste collection, recycling, processing and disposal services. Its operations serve residential, commercial, industrial and municipal customers in Canada and the United States. Founded in 2007, the company expanded through acquisitions and growth in its waste management operations. GFL is headquartered in Vaughan, Ontario. In 2025, GFL completed the sale of its Environmental Services business, which included liquid waste management and soil remediation operations.

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