GFL Environmental Inc. $GFL Holdings Reduced by Goldstein Advisors LLC

Goldstein Advisors LLC decreased its position in GFL Environmental Inc. (NYSE:GFL) by 9.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,650 shares of the company’s stock after selling 562 shares during the period. Goldstein Advisors LLC’s holdings in GFL Environmental were worth $285,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Millstone Evans Group LLC grew its position in GFL Environmental by 147.8% in 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 during the last quarter. Bessemer Group Inc. bought a new position in GFL Environmental in the 1st quarter worth about $28,000. LRI Investments LLC bought a new position in shares of GFL Environmental in the first quarter valued at approximately $34,000. Caitong International Asset Management Co. Ltd bought a new position in shares of GFL Environmental in the first quarter valued at approximately $59,000. Finally, Fifth Third Bancorp boosted its holdings in shares of GFL Environmental by 81.9% in the first quarter. Fifth Third Bancorp now owns 1,643 shares of the company’s stock valued at $79,000 after acquiring an additional 740 shares in the last quarter. Institutional investors own 64.70% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on GFL. William Blair began coverage on shares of GFL Environmental in a report on Thursday, September 25th. They issued an “outperform” rating for the company. Barclays began coverage on shares of GFL Environmental in a report on Friday, September 19th. They issued an “overweight” rating and a $62.00 price objective for the company. Truist Financial increased their price objective on shares of GFL Environmental from $58.00 to $60.00 and gave the company a “buy” rating in a report on Friday, August 1st. UBS Group decreased their price objective on shares of GFL Environmental from $63.00 to $58.00 and set a “buy” rating for the company in a report on Thursday. Finally, Stifel Nicolaus began coverage on shares of GFL Environmental in a report on Tuesday, September 30th. They issued a “buy” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, GFL Environmental currently has a consensus rating of “Buy” and an average price target of $58.63.

GFL Environmental Stock Up 1.5%

GFL stock opened at $45.23 on Friday. GFL Environmental Inc. has a 12 month low of $39.63 and a 12 month high of $52.00. The firm has a market cap of $16.43 billion, a PE ratio of 7.12 and a beta of 1.17. The firm has a 50 day simple moving average of $47.75 and a 200 day simple moving average of $48.47. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.67 and a quick ratio of 0.67.

GFL Environmental (NYSE:GFL) last released its earnings results on Wednesday, July 30th. The company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. GFL Environmental had a net margin of 48.53% and a return on equity of 3.71%. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same period in the prior year, the business earned $0.29 earnings per share. The business’s quarterly revenue was up 5.9% on a year-over-year basis. GFL Environmental has set its FY 2025 guidance at EPS. Equities research analysts forecast that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Announces Dividend

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