GFL Environmental Inc. $GFL Stock: Fulcrum Asset Management LLP Raises Holdings

Fulcrum Asset Management LLP raised its holdings in GFL Environmental Inc. (NYSE:GFL) by 93.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 29,104 shares of the company’s stock after acquiring an additional 14,034 shares during the period. Fulcrum Asset Management LLP’s holdings in GFL Environmental were worth $1,228,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Ethic Inc. acquired a new stake in shares of GFL Environmental during the third quarter worth $633,000. Pictet Asset Management Holding SA grew its position in shares of 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 period. Kestra Advisory Services LLC purchased a new stake in shares of GFL Environmental in the third quarter valued at $309,000. Covestor Ltd acquired a new position in GFL Environmental in the third quarter valued at $478,000. Finally, GRIMES & Co WEALTH MANAGEMENT LLC acquired a new position in GFL Environmental in the third quarter valued at $210,000. Hedge funds and other institutional investors own 64.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. reduced their target price on GFL Environmental from $42.00 to $40.00 and set an “underweight” rating on the stock in a research report on Wednesday. Wolfe Research began coverage on GFL Environmental in a research note on Tuesday, September 15th. They issued an “outperform” rating and a $77.00 price target on the stock. Barclays lifted their price target on GFL Environmental from $58.00 to $59.00 and gave the company an “overweight” rating in a report on Friday, October 30th. Citigroup upped their price objective on shares of GFL Environmental from $51.00 to $52.00 and gave the company a “buy” rating in a research note on Monday, November 2nd. Finally, Truist Financial dropped their price objective on shares of GFL Environmental from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Tuesday, November 3rd. Ten equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, GFL Environmental presently has an average rating of “Moderate Buy” and an average price target of $57.11.

GFL Environmental Stock Performance

NYSE:GFL opened at $43.31 on Thursday. The company has a market cap of $18.88 billion, a P/E ratio of 65.25, a P/E/G ratio of 3.18 and a beta of 0.68. The firm’s 50 day moving average is $43.29 and its two-hundred day moving average is $40.91. GFL Environmental Inc. has a fifty-two week low of $33.33 and a fifty-two week high of $46.76. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.03.

GFL Environmental (NYSE:GFL) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.49 billion. Analysts expect that GFL Environmental Inc. will post 0.56 EPS for the current year.

GFL Environmental Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, October 14th were issued a $0.0169 dividend. The ex-dividend date was Wednesday, October 14th. This represents a $0.07 dividend on an annualized basis and a yield of 0.2%. GFL Environmental’s dividend payout ratio (DPR) is presently -8.86%.

GFL Environmental News Summary

Here’s some of the latest news about GFL:

• 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

GFL Environmental Profile

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.