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

GFL Environmental Inc. (NYSE:GFL) saw unusually large options trading on Thursday. Stock investors purchased 41,322 call options on the company. This represents an increase of approximately 87% compared to the typical volume of 22,071 call options.

GFL Environmental Price Performance

Shares of GFL Environmental stock opened at $41.89 on Friday. GFL Environmental has a twelve month low of $33.33 and a twelve 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 company has a 50-day simple moving average of $43.24 and a two-hundred day simple moving average of $40.89. The stock has a market capitalization of $18.26 billion, a price-to-earnings ratio of 64.52, a price-to-earnings-growth ratio of 3.15 and a beta of 0.68.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings data 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 firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $1.49 billion. Analysts forecast that GFL Environmental will post 0.56 EPS for the current year.

GFL Environmental Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Pictet Asset Management Holding SA grew its position in GFL Environmental by 32.7% during the 3rd quarter. Pictet Asset Management Holding SA now owns 8,857,130 shares of the company’s stock worth $370,510,000 after acquiring an additional 2,184,230 shares during the last quarter. QV Investors Inc. acquired a new position in GFL Environmental in the 3rd quarter worth about $44,887,000. Bank of America Corp DE increased its holdings in GFL Environmental by 43.8% in the 1st 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 in the last quarter. The Manufacturers Life Insurance Company raised its position in GFL Environmental by 68.7% in the first quarter. The Manufacturers Life Insurance Company now owns 1,158,643 shares of the company’s stock valued at $48,309,000 after purchasing an additional 471,935 shares during the last quarter. Finally, Advent International L.P. raised its position in GFL Environmental by 117.1% in the first quarter. Advent International L.P. now owns 823,010 shares of the company’s stock valued at $34,336,000 after purchasing an additional 443,918 shares during the last quarter. Institutional investors and hedge funds own 64.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on GFL. Jefferies Financial Group reiterated a “buy” rating on shares of GFL Environmental in a research note on Friday, October 30th. Wolfe Research initiated coverage on GFL Environmental in a research note on Tuesday, September 15th. They issued an “outperform” rating and a $77.00 price target for the company. Weiss Ratings upgraded GFL Environmental from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 26th. Truist Financial decreased their price objective on GFL Environmental from $60.00 to $55.00 and set a “buy” rating on the stock in a report on Tuesday, November 3rd. Finally, JPMorgan Chase & Co. lowered their price objective on GFL Environmental from $42.00 to $40.00 and set an “underweight” rating on the stock in a research report on Wednesday. Nine research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, GFL Environmental currently has a consensus rating of “Moderate Buy” and an average price target of $57.11.

GFL Environmental Company Profile

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.