GFL Environmental Inc. $GFL Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA reduced its stake in GFL Environmental Inc. (NYSE:GFL) by 36.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 667,800 shares of the company’s stock after selling 383,400 shares during the period. Primecap Management Co. CA owned approximately 0.18% of GFL Environmental worth $33,697,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Compass Financial Services Inc boosted its holdings in GFL Environmental by 63.0% during the 2nd quarter. Compass Financial Services Inc now owns 820 shares of the company’s stock valued at $41,000 after acquiring an additional 317 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of GFL Environmental in the first quarter valued at approximately $59,000. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of GFL Environmental in the second quarter valued at approximately $90,000. WPG Advisers LLC purchased a new stake in GFL Environmental during the 1st quarter worth approximately $105,000. Finally, Jones Financial Companies Lllp lifted its holdings in GFL Environmental by 684.5% during the 1st quarter. Jones Financial Companies Lllp now owns 2,573 shares of the company’s stock worth $124,000 after buying an additional 2,245 shares in the last quarter. Hedge funds and other institutional investors own 64.70% of the company’s stock.

GFL Environmental Stock Up 2.2%

GFL stock opened at $46.54 on Thursday. The company has a market cap of $16.91 billion, a price-to-earnings ratio of 7.30 and a beta of 1.14. The company has a fifty day moving average price of $45.44 and a 200 day moving average price of $47.95. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.69 and a quick ratio of 0.69. GFL Environmental Inc. has a 12 month low of $41.29 and a 12 month high of $52.00.

GFL Environmental (NYSE:GFL) last announced its 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). GFL Environmental had a net margin of 50.99% and a return on equity of 3.06%. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same period in the previous year, the company posted $0.33 earnings per share. GFL Environmental’s quarterly revenue was up 9.0% on a year-over-year basis. GFL Environmental has set its FY 2025 guidance at EPS. Sell-side analysts expect that GFL Environmental Inc. will post 0.58 earnings per share for the current year.

GFL Environmental Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th were paid a $0.0154 dividend. 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 dividend payout ratio (DPR) is 0.94%.

Analysts Set New Price Targets

GFL has been the subject of several analyst reports. Scotiabank set a $58.00 target price on GFL Environmental in a research note on Friday, October 10th. Royal Bank Of Canada upped their target price 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. Weiss Ratings reiterated a “buy (b)” rating on shares of GFL Environmental in a report on Wednesday, October 8th. Citigroup raised their price objective on shares of GFL Environmental from $58.00 to $61.00 and gave the company a “buy” rating in a report on Wednesday, September 17th. Finally, UBS Group boosted their target price on shares of GFL Environmental from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, November 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, GFL Environmental currently has an average rating of “Buy” and an average target price of $57.97.

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.