S&CO Inc. Increases Stock Position in GFL Environmental Inc. $GFL

S&CO Inc. grew its holdings in shares of GFL Environmental Inc. (NYSE:GFL) by 86.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 114,260 shares of the company’s stock after purchasing an additional 53,030 shares during the period. S&CO Inc.’s holdings in GFL Environmental were worth $5,765,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Millstone Evans Group LLC grew its holdings in GFL Environmental by 147.8% during 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 during the period. Envestnet Portfolio Solutions Inc. grew its stake in shares of GFL Environmental by 10.3% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 5,228 shares of the company’s stock worth $264,000 after purchasing an additional 489 shares during the period. Whipplewood Advisors LLC increased its holdings in shares of GFL Environmental by 21.7% in the 2nd quarter. Whipplewood Advisors LLC now owns 2,790 shares of the company’s stock valued at $141,000 after purchasing an additional 498 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of GFL Environmental by 1.1% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,309 shares of the company’s stock valued at $2,478,000 after purchasing an additional 574 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of GFL Environmental by 4.2% in the second quarter. Janney Montgomery Scott LLC now owns 17,372 shares of the company’s stock valued at $877,000 after purchasing an additional 696 shares during the period. 64.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GFL. Truist Financial upped their target price 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. William Blair began coverage on GFL Environmental in a research note on Thursday, September 25th. They set an “outperform” rating on the stock. Raymond James Financial set a $57.00 price target on GFL Environmental and gave the stock an “outperform” rating in a report on Monday, October 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of GFL Environmental in a report on Wednesday, October 8th. Finally, Citigroup boosted their target price on GFL Environmental from $58.00 to $61.00 and gave the stock a “buy” rating in a research report on Wednesday, September 17th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $57.72.

GFL Environmental Trading Down 2.1%

Shares of GFL opened at $42.97 on Monday. 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 firm has a 50 day simple moving average of $46.09 and a 200-day simple moving average of $48.23. GFL Environmental Inc. has a 1-year low of $41.29 and a 1-year high of $52.00. The stock has a market cap of $15.61 billion, a price-to-earnings ratio of 6.73 and a beta of 1.14.

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

GFL Environmental Dividend Announcement

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