TimesSquare Capital Management LLC Boosts Holdings in GFL Environmental Inc. $GFL

TimesSquare Capital Management LLC increased its stake in shares of GFL Environmental Inc. (NYSE:GFL) by 1.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,029,096 shares of the company’s stock after acquiring an additional 14,997 shares during the period. TimesSquare Capital Management LLC owned about 0.28% of GFL Environmental worth $51,928,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Millstone Evans Group LLC boosted its position in GFL Environmental by 147.8% in the 1st quarter. Millstone Evans Group LLC now owns 560 shares of the company’s stock worth $27,000 after purchasing an additional 334 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in GFL Environmental by 10.3% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 5,228 shares of the company’s stock worth $264,000 after purchasing an additional 489 shares during the period. Whipplewood Advisors LLC lifted its position in shares of GFL Environmental by 21.7% during the 2nd quarter. Whipplewood Advisors LLC now owns 2,790 shares of the company’s stock valued at $141,000 after buying an additional 498 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in GFL Environmental by 1.1% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,309 shares of the company’s stock valued at $2,478,000 after acquiring an additional 574 shares during the period. Finally, Janney Montgomery Scott LLC increased its holdings in GFL Environmental by 4.2% in the 2nd quarter. Janney Montgomery Scott LLC now owns 17,372 shares of the company’s stock worth $877,000 after acquiring an additional 696 shares in the last quarter. 64.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on GFL shares. Barclays started coverage on shares of GFL Environmental in a report on Friday, September 19th. They set an “overweight” rating and a $62.00 price objective on the stock. Raymond James Financial set a $57.00 target price on GFL Environmental and gave the company an “outperform” rating in a report on Monday, October 6th. UBS Group increased their price objective on GFL Environmental from $58.00 to $60.00 and gave the company a “buy” rating in a research note on Monday. JPMorgan Chase & Co. dropped their target price on shares of GFL Environmental from $54.00 to $46.75 and set a “neutral” rating for the company in a report on Friday, November 7th. Finally, William Blair initiated coverage on shares of GFL Environmental in a research note on Thursday, September 25th. They issued an “outperform” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $57.97.

GFL Environmental Trading Down 0.8%

Shares of GFL stock opened at $43.47 on Wednesday. The company has a current ratio of 0.69, a quick ratio of 0.67 and a debt-to-equity ratio of 0.98. GFL Environmental Inc. has a twelve month low of $41.29 and a twelve month high of $52.00. The company’s 50-day moving average price is $45.84 and its 200-day moving average price is $48.15. The stock has a market cap of $15.79 billion, a price-to-earnings ratio of 6.81 and a beta of 1.14.

GFL Environmental (NYSE:GFL) last issued its earnings results on Wednesday, November 5th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.69 billion. GFL Environmental had a return on equity of 3.06% and a net margin of 50.99%.GFL Environmental’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the firm earned $0.33 earnings per share. GFL Environmental has set its FY 2025 guidance at EPS. As a group, equities analysts predict that GFL Environmental Inc. will post 0.58 earnings per share for the current year.

GFL Environmental Dividend Announcement

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

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.