GFL Environmental Inc. $GFL Shares Newly Purchased by Walter Public Investments Inc.

Walter Public Investments Inc. purchased a new position in GFL Environmental Inc. (NYSE:GFL) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 132,593 shares of the company’s stock, valued at approximately $5,536,000. GFL Environmental makes up about 1.3% of Walter Public Investments Inc.’s portfolio, making the stock its 29th biggest holding.

Several other institutional investors have also modified their holdings of the business. Pictet Asset Management Holding SA boosted its holdings in GFL Environmental by 32.7% in the third quarter. Pictet Asset Management Holding SA now owns 8,857,130 shares of the company’s stock valued at $370,510,000 after purchasing an additional 2,184,230 shares during the last quarter. Bank of America Corp DE grew its stake in GFL Environmental by 43.8% during the 1st quarter. Bank of America Corp DE now owns 1,847,166 shares of the company’s stock valued at $77,064,000 after purchasing an additional 563,001 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in GFL Environmental by 68.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,158,643 shares of the company’s stock valued at $48,309,000 after purchasing an additional 471,935 shares in the last quarter. QV Investors Inc. purchased a new stake in GFL Environmental during the 3rd quarter worth approximately $44,887,000. Finally, Schwartz Investment Counsel Inc. increased its holdings in GFL Environmental by 30.9% during the 3rd quarter. Schwartz Investment Counsel Inc. now owns 976,062 shares of the company’s stock worth $40,829,000 after purchasing an additional 230,199 shares during the last quarter. Institutional investors and hedge funds own 64.70% of the company’s stock.

GFL Environmental Stock Up 2.1%

GFL stock opened at $43.31 on Thursday. The firm has a market cap of $18.88 billion, a price-to-earnings ratio of -54.82, a PEG ratio of 3.18 and a beta of 0.68. GFL Environmental Inc. has a 1-year low of $33.33 and a 1-year high of $46.76. The firm has a fifty day moving average price of $43.29 and a two-hundred day moving average price of $40.91. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.93 and a quick ratio of 0.93.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. GFL Environmental had a negative net margin of 4.93% and a positive return on equity of 3.84%. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $1.49 billion. Research analysts predict that GFL Environmental Inc. will post 0.56 EPS for the current year.

GFL Environmental Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, October 14th were paid a dividend of $0.0169 per share. The ex-dividend date was Wednesday, October 14th. This represents a $0.07 annualized dividend and a yield of 0.2%. GFL Environmental’s dividend payout ratio is -8.86%.

GFL Environmental News Summary

Investors following GFL have been watching these news items:

• Neutral Sentiment: The board unanimously reaffirmed its strategy to remain public after reviewing take-private proposals. GFL strategic review announcement
• Negative Sentiment: GFL rejected a reported $52-per-share offer from a private-equity consortium and ended the review. Investors may be disappointed that the potential premium will not be realized; coverage also reported a sharp share-price reaction to the decision. Globe and Mail report
• Negative Sentiment: JPMorgan lowered its price target to $40 from $42 and assigned an “underweight” rating, indicating a less favorable outlook for the shares. JPMorgan rating information

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on GFL shares. TD Cowen reaffirmed a “buy” rating and issued a $65.00 target price on shares of GFL Environmental in a research report on Friday, September 11th. Weiss Ratings raised shares of GFL Environmental from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 26th. JPMorgan Chase & Co. decreased their price target on shares of GFL Environmental from $42.00 to $40.00 and set an “underweight” rating for the company in a research report on Wednesday. Barclays lifted their price target on shares of GFL Environmental from $58.00 to $59.00 and gave the stock an “overweight” rating in a research note on Friday, October 30th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of GFL Environmental in a report on Monday, August 31st. Ten research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, GFL Environmental presently has an average rating of “Moderate Buy” and a consensus target price of $57.11.

About GFL Environmental

GFL Environmental is a North American waste management company focused on providing solid waste collection, recycling, processing and disposal services. Its operations serve residential, commercial, industrial and municipal customers in Canada and the United States. Founded in 2007, the company expanded through acquisitions and growth in its waste management operations. GFL is headquartered in Vaughan, Ontario. In 2025, GFL completed the sale of its Environmental Services business, which included liquid waste management and soil remediation operations.