GFL Environmental Inc. $GFL Shares Bought by Bornite Capital Management LP

Bornite Capital Management LP lifted its stake in shares of GFL Environmental Inc. (NYSE:GFL) by 33.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 720,500 shares of the company’s stock after acquiring an additional 180,800 shares during the period. GFL Environmental makes up about 3.6% of Bornite Capital Management LP’s investment portfolio, making the stock its 9th largest holding. Bornite Capital Management LP’s holdings in GFL Environmental were worth $36,356,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in GFL. Millstone Evans Group LLC increased its holdings in GFL Environmental by 147.8% during the 1st quarter. Millstone Evans Group LLC now owns 560 shares of the company’s stock worth $27,000 after purchasing an additional 334 shares in the last quarter. LRI Investments LLC bought a new stake in shares of GFL Environmental in the first quarter valued at about $34,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of GFL Environmental during the first quarter worth about $59,000. Oliver Lagore Vanvalin Investment Group bought a new position in shares of GFL Environmental during the second quarter worth about $90,000. Finally, WPG Advisers LLC acquired a new stake in GFL Environmental in the 1st quarter valued at approximately $105,000. 64.70% of the stock is owned by institutional investors.

GFL Environmental Stock Down 2.1%

GFL Environmental stock opened at $42.97 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.69 and a quick ratio of 0.67. The company’s 50-day moving average is $46.09 and its 200-day moving average is $48.23. The firm has a market capitalization of $15.61 billion, a PE ratio of 6.73 and a beta of 1.14. GFL Environmental Inc. has a fifty-two week low of $41.29 and a fifty-two week high of $52.00.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.17 EPS 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 the consensus estimate of $1.69 billion. GFL Environmental had a return on equity of 3.06% and a net margin of 50.99%.The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.33 EPS. GFL Environmental has set its FY 2025 guidance at EPS. Sell-side analysts anticipate 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 Friday, October 31st. Stockholders of record on Wednesday, October 15th were paid a dividend of $0.0154 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Wednesday, October 15th. GFL Environmental’s payout ratio is currently 0.94%.

Analyst Ratings Changes

A number of research firms have weighed in on GFL. Barclays assumed coverage on GFL Environmental in a research report on Friday, September 19th. They set an “overweight” rating and a $62.00 price target for the company. Weiss Ratings reissued a “buy (b)” rating on shares of GFL Environmental in a research report on Wednesday, October 8th. Royal Bank Of Canada raised their target price on shares of GFL Environmental from $56.00 to $59.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. William Blair began coverage on shares of GFL Environmental in a research note on Thursday, September 25th. They issued an “outperform” rating on the stock. Finally, JPMorgan Chase & Co. reduced their price objective on shares of GFL Environmental from $54.00 to $46.75 and set a “neutral” rating for the company in a research note on Friday. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $57.72.

GFL Environmental 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.