GFL Environmental Inc. $GFL Stock Position Lowered by Goldstein Advisors LLC

Goldstein Advisors LLC lessened 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 SEC. The institutional investor owned 5,650 shares of the company’s stock after selling 562 shares during the quarter. Goldstein Advisors LLC’s holdings in GFL Environmental were worth $285,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in GFL. Fifth Third Bancorp lifted its position in shares of GFL Environmental by 81.9% in the 1st 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. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of GFL Environmental in the 1st quarter valued at approximately $385,000. Verde Servicos Internacionais S.A. purchased a new stake in shares of GFL Environmental in the 1st quarter valued at approximately $9,439,000. Wealthquest Corp purchased a new stake in shares of GFL Environmental in the 1st quarter valued at approximately $253,000. Finally, Bessemer Group Inc. purchased a new stake in shares of GFL Environmental in the 1st quarter valued at approximately $28,000. Hedge funds and other institutional investors own 64.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on GFL shares. Barclays started coverage on shares of GFL Environmental in a research report on Friday, September 19th. They issued an “overweight” rating and a $62.00 price target for the company. William Blair assumed coverage on shares of GFL Environmental in a research report on Thursday, September 25th. They issued an “outperform” rating for the company. Raymond James Financial set a $57.00 target price on shares of GFL Environmental and gave the stock an “outperform” rating in a research report on Monday, October 6th. Citigroup increased their target price on shares of GFL Environmental from $58.00 to $61.00 and gave the stock a “buy” rating in a research report on Wednesday, September 17th. Finally, Truist Financial increased their target price on shares of GFL Environmental from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price 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 company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.89. The company has a market cap of $16.43 billion, a price-to-earnings ratio of 7.12 and a beta of 1.17. The company has a 50 day moving average of $47.75 and a two-hundred day moving average of $48.47.

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

GFL Environmental Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be issued a dividend of $0.0154 per share. The ex-dividend date is Wednesday, October 15th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.1%. GFL Environmental’s dividend payout ratio (DPR) is currently 0.94%.

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.