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

Primecap Management Co. CA trimmed its holdings in shares of GFL Environmental Inc. (NYSE:GFL) by 36.5% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 667,800 shares of the company’s stock after selling 383,400 shares during the period. Primecap Management Co. CA’s holdings in GFL Environmental were worth $33,697,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of GFL. Vanguard Group Inc. grew its holdings in GFL Environmental by 1.7% during the first quarter. Vanguard Group Inc. now owns 8,843,436 shares of the company’s stock worth $427,166,000 after acquiring an additional 146,256 shares during the period. Royal Bank of Canada grew its stake in shares of GFL Environmental by 4.4% during the 1st quarter. Royal Bank of Canada now owns 7,883,481 shares of the company’s stock worth $380,850,000 after purchasing an additional 334,218 shares during the period. American Century Companies Inc. increased its holdings in shares of GFL Environmental by 87.2% in the 1st quarter. American Century Companies Inc. now owns 4,515,302 shares of the company’s stock valued at $218,134,000 after purchasing an additional 2,102,663 shares in the last quarter. Maverick Capital Ltd. boosted its holdings in GFL Environmental by 13.9% during the first quarter. Maverick Capital Ltd. now owns 4,301,966 shares of the company’s stock worth $207,828,000 after buying an additional 523,360 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in GFL Environmental by 11.1% during the second quarter. Geode Capital Management LLC now owns 1,592,253 shares of the company’s stock worth $79,783,000 after buying an additional 158,667 shares during the period. 64.70% of the stock is currently owned by hedge funds and other institutional investors.

GFL Environmental Stock Performance

Shares of GFL opened at $46.54 on Thursday. GFL Environmental Inc. has a 1 year low of $41.29 and a 1 year high of $52.00. The company’s 50 day simple moving average is $45.44 and its 200 day simple moving average is $47.95. The company has a market capitalization of $16.91 billion, a price-to-earnings ratio of 7.30 and a beta of 1.14. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.69 and a current ratio of 0.69.

GFL Environmental (NYSE:GFL) last released its earnings results on Wednesday, November 5th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.02). GFL Environmental had a return on equity of 3.06% and a net margin of 50.99%.The firm 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 firm posted $0.33 earnings per share. The firm’s revenue was up 9.0% on a year-over-year basis. GFL Environmental has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that GFL Environmental Inc. will post 0.58 EPS for the current year.

GFL Environmental Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Wednesday, October 15th were given a dividend of $0.0154 per share. The ex-dividend date was Wednesday, October 15th. This represents a $0.06 annualized dividend and a yield of 0.1%. GFL Environmental’s dividend payout ratio is 0.94%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on GFL shares. Raymond James Financial set a $57.00 price target on shares of GFL Environmental and gave the company an “outperform” rating in a research report on Monday, October 6th. Weiss Ratings reissued a “buy (b)” rating on shares of GFL Environmental in a report on Wednesday, October 8th. Citigroup raised their price target on GFL Environmental from $58.00 to $61.00 and gave the company a “buy” rating in a research report on Wednesday, September 17th. Stifel Nicolaus assumed coverage on GFL Environmental in a research note on Tuesday, September 30th. They set a “buy” rating for the company. Finally, JPMorgan Chase & Co. lowered their price objective on shares of GFL Environmental from $54.00 to $46.75 and set a “neutral” rating on the stock in a research note on Friday, November 7th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, GFL Environmental presently has a consensus rating of “Buy” and an average target price of $57.97.

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.