9,070 Shares in GFL Environmental Inc. $GFL Bought by Intech Investment Management LLC

Intech Investment Management LLC purchased a new stake in shares of GFL Environmental Inc. (NYSE:GFL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 9,070 shares of the company’s stock, valued at approximately $457,000.

A number of other large investors have also modified their holdings of the company. Compass Financial Services Inc grew its position in shares of GFL Environmental by 63.0% during the 2nd quarter. Compass Financial Services Inc now owns 820 shares of the company’s stock valued at $41,000 after acquiring an additional 317 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in GFL Environmental in the 1st quarter worth about $59,000. Oliver Lagore Vanvalin Investment Group purchased a new position in GFL Environmental during the second quarter worth approximately $90,000. WPG Advisers LLC acquired a new stake in GFL Environmental in the first quarter valued at approximately $105,000. Finally, Jones Financial Companies Lllp increased its position in shares of GFL Environmental by 684.5% in the first quarter. Jones Financial Companies Lllp now owns 2,573 shares of the company’s stock valued at $124,000 after buying an additional 2,245 shares in the last quarter. Institutional investors and hedge funds own 64.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. The Goldman Sachs Group initiated coverage on GFL Environmental in a research note on Monday, November 24th. They set a “neutral” rating and a $50.00 target price for the company. Raymond James Financial set a $57.00 price objective on shares of GFL Environmental and gave the company an “outperform” rating in a report on Monday, October 6th. Wells Fargo & Company started coverage on shares of GFL Environmental in a research report on Thursday, November 13th. They issued an “overweight” rating on the stock. JPMorgan Chase & Co. reduced their price target on shares of GFL Environmental from $54.00 to $46.75 and set a “neutral” rating for the company in a research report on Friday, November 7th. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $57.08.

GFL Environmental Price Performance

GFL Environmental stock opened at $45.66 on Friday. The company has a fifty day simple moving average of $45.26 and a 200-day simple moving average of $47.73. The firm has a market capitalization of $16.59 billion, a price-to-earnings ratio of 7.16 and a beta of 1.14. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.98. GFL Environmental Inc. has a 52-week low of $41.29 and a 52-week high of $52.00.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.69 billion. GFL Environmental had a return on equity of 3.06% and a net margin of 50.99%.The business’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.33 earnings per share. GFL Environmental has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that GFL Environmental Inc. will post 0.58 EPS for the current fiscal year.

GFL Environmental Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Wednesday, October 15th were issued a $0.0154 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Wednesday, October 15th. GFL Environmental’s dividend payout ratio (DPR) is currently 0.94%.

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.