Atria Investments Inc Sells 9,869 Shares of GFL Environmental Inc. $GFL

Atria Investments Inc lessened its stake in shares of GFL Environmental Inc. (NYSE:GFL) by 44.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,366 shares of the company’s stock after selling 9,869 shares during the period. Atria Investments Inc’s holdings in GFL Environmental were worth $624,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. American Century Companies Inc. grew its stake in shares of GFL Environmental by 87.2% in the first quarter. American Century Companies Inc. now owns 4,515,302 shares of the company’s stock worth $218,134,000 after acquiring an additional 2,102,663 shares during the last quarter. 1832 Asset Management L.P. purchased a new position in shares of GFL Environmental in the 1st quarter worth about $27,150,000. Ghisallo Capital Management LLC bought a new position in GFL Environmental in the 1st quarter worth about $26,570,000. Canada Pension Plan Investment Board boosted its stake in GFL Environmental by 101.7% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,089,215 shares of the company’s stock worth $52,621,000 after purchasing an additional 549,309 shares in the last quarter. Finally, Bornite Capital Management LP purchased a new stake in GFL Environmental during the 1st quarter valued at about $26,073,000. Hedge funds and other institutional investors own 64.70% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GFL. Raymond James Financial set a $57.00 target price on shares of GFL Environmental and gave the stock an “outperform” rating in a report on Monday, October 6th. William Blair started coverage on shares of GFL Environmental in a research report on Thursday, September 25th. They set an “outperform” rating for the company. UBS Group lowered their price objective on GFL Environmental from $63.00 to $58.00 and set a “buy” rating on the stock in a research report on Thursday, October 16th. Scotiabank set a $58.00 target price on GFL Environmental in a research note on Friday, October 10th. Finally, Citigroup lifted their target price on GFL Environmental from $58.00 to $61.00 and gave the stock a “buy” rating in a report on Wednesday, September 17th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, GFL Environmental presently has a consensus rating of “Buy” and a consensus price target of $57.72.

GFL Environmental Trading Down 2.1%

NYSE:GFL opened at $42.97 on Monday. The company has a market cap of $15.61 billion, a PE ratio of 6.73 and a beta of 1.14. The company has a current ratio of 0.69, a quick ratio of 0.67 and a debt-to-equity ratio of 0.98. The company has a 50 day simple moving average of $46.09 and a two-hundred day simple moving average of $48.23. GFL Environmental Inc. has a 12 month low of $41.29 and a 12 month high of $52.00.

GFL Environmental (NYSE:GFL) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.02). The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate 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 earned $0.33 earnings per share. GFL Environmental has set its FY 2025 guidance at EPS. Research analysts forecast that GFL Environmental Inc. will post 0.58 earnings per share for the current year.

GFL Environmental Dividend Announcement

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