GFL Environmental Inc. $GFL Shares Purchased by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. boosted its stake in GFL Environmental Inc. (NYSE:GFL) by 77.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 4,000 shares of the company’s stock after purchasing an additional 1,750 shares during the period. Pittenger & Anderson Inc.’s holdings in GFL Environmental were worth $202,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Millstone Evans Group LLC grew its stake in shares of GFL Environmental by 147.8% in the first quarter. Millstone Evans Group LLC now owns 560 shares of the company’s stock worth $27,000 after acquiring an additional 334 shares in the last quarter. Bessemer Group Inc. acquired a new position in shares of GFL Environmental in the first quarter worth $28,000. LRI Investments LLC acquired a new position in shares of GFL Environmental in the first quarter worth $34,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of GFL Environmental in the first quarter worth $59,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in shares of GFL Environmental in the second quarter worth $90,000. Institutional investors and hedge funds own 64.70% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Royal Bank Of Canada boosted their price target on shares of GFL Environmental from $56.00 to $59.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Raymond James Financial set a $57.00 price target on shares of GFL Environmental and gave the stock an “outperform” rating in a research note on Monday, October 6th. Barclays assumed coverage on shares of GFL Environmental in a research note on Friday, September 19th. They issued an “overweight” rating and a $62.00 price target for the company. UBS Group dropped their price target on shares of GFL Environmental from $63.00 to $58.00 and set a “buy” rating for the company in a research note on Thursday, October 16th. Finally, Truist Financial lifted their price objective on shares of GFL Environmental from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $58.63.

GFL Environmental Stock Performance

Shares of GFL stock opened at $45.77 on Wednesday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.89. The firm has a fifty day moving average price of $47.55 and a 200 day moving average price of $48.46. The company has a market cap of $16.63 billion, a P/E ratio of 7.21 and a beta of 1.17. GFL Environmental Inc. has a 12 month low of $39.63 and a 12 month high of $52.00.

GFL Environmental (NYSE:GFL) last issued its earnings results on Wednesday, July 30th. The company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.68 billion. GFL Environmental had a net margin of 48.53% and a return on equity of 3.71%. The company’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.29 earnings per share. GFL Environmental has set its FY 2025 guidance at EPS. Sell-side analysts predict that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be given a $0.0154 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $0.06 dividend on an annualized basis and a yield of 0.1%. GFL Environmental’s payout ratio is 0.94%.

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.