GFL Environmental Inc. $GFL Position Trimmed by Nordea Investment Management AB

Nordea Investment Management AB trimmed its holdings in shares of GFL Environmental Inc. (NYSE:GFL) by 2.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,881,766 shares of the company’s stock after selling 136,033 shares during the period. Nordea Investment Management AB’s holdings in GFL Environmental were worth $243,893,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Axxcess Wealth Management LLC boosted its holdings in GFL Environmental by 21.6% during the second quarter. Axxcess Wealth Management LLC now owns 40,458 shares of the company’s stock worth $2,042,000 after buying an additional 7,181 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in GFL Environmental by 10.3% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 5,228 shares of the company’s stock worth $264,000 after buying an additional 489 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in GFL Environmental by 28.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 13,783 shares of the company’s stock worth $695,000 after buying an additional 3,063 shares in the last quarter. SRH Advisors LLC boosted its holdings in GFL Environmental by 33.3% during the second quarter. SRH Advisors LLC now owns 4,000 shares of the company’s stock worth $202,000 after buying an additional 1,000 shares in the last quarter. Finally, Barton Investment Management lifted its position in shares of GFL Environmental by 0.4% in the 2nd quarter. Barton Investment Management now owns 419,678 shares of the company’s stock valued at $21,177,000 after acquiring an additional 1,800 shares in the last quarter. 64.70% of the stock is currently owned by institutional investors.

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. GFL Environmental had a net margin of 48.53% and a return on equity of 3.71%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the prior year, the firm earned $0.29 EPS. The company’s revenue was up 5.9% compared to the same quarter last year. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be given a $0.0154 dividend. The ex-dividend date is Wednesday, October 15th. This represents a $0.06 dividend on an annualized basis and a yield of 0.1%. GFL Environmental’s dividend payout ratio is presently 0.94%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Stifel Nicolaus assumed coverage on shares of GFL Environmental in a research report on Tuesday, September 30th. They issued a “buy” rating for the company. Truist Financial upped their price target on shares of GFL Environmental from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Scotiabank set a $58.00 price target on shares of GFL Environmental in a research report on Friday, October 10th. UBS Group reduced their price target on shares of GFL Environmental from $63.00 to $58.00 and set a “buy” rating for the company in a research report on Thursday. Finally, 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. 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 stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $58.63.

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.