GFL Environmental Inc. $GFL Shares Acquired by Creative Planning

Creative Planning increased its stake in shares of GFL Environmental Inc. (NYSE:GFL) by 7.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,195 shares of the company’s stock after buying an additional 2,152 shares during the quarter. Creative Planning’s holdings in GFL Environmental were worth $1,574,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Compass Financial Services Inc lifted its position in GFL Environmental by 63.0% during the 2nd quarter. Compass Financial Services Inc now owns 820 shares of the company’s stock worth $41,000 after acquiring an additional 317 shares during the period. Envestnet Portfolio Solutions Inc. increased 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 buying an additional 489 shares during the period. Whipplewood Advisors LLC increased its holdings in GFL Environmental by 21.7% in the 2nd quarter. Whipplewood Advisors LLC now owns 2,790 shares of the company’s stock worth $141,000 after buying an additional 498 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in GFL Environmental by 1.1% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,309 shares of the company’s stock worth $2,478,000 after buying an additional 574 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in GFL Environmental by 4.2% during the 2nd quarter. Janney Montgomery Scott LLC now owns 17,372 shares of the company’s stock valued at $877,000 after acquiring an additional 696 shares during the period. 64.70% of the stock is owned by institutional investors and hedge funds.

GFL Environmental Trading Up 0.7%

Shares of NYSE:GFL opened at $45.49 on Friday. The business’s 50 day moving average price is $45.28 and its 200-day moving average price is $47.75. GFL Environmental Inc. has a 1 year low of $41.29 and a 1 year high of $52.00. The firm has a market capitalization of $16.53 billion, a price-to-earnings ratio of 7.13 and a beta of 1.14. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.69 and a quick ratio of 0.69.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.69 billion. GFL Environmental had a return on equity of 3.06% and a net margin of 50.99%.The business’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.33 earnings per share. GFL Environmental has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Wednesday, October 15th were paid a $0.0154 dividend. The ex-dividend date of this dividend was 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 (DPR) is currently 0.94%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Raymond James Financial set a $57.00 target price on shares of GFL Environmental and gave the stock an “outperform” rating in a report on Monday, October 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of GFL Environmental in a research report on Wednesday, October 8th. Barclays initiated coverage on GFL Environmental in a research report on Friday, September 19th. They issued an “overweight” rating and a $62.00 price objective on the stock. UBS Group lifted their target price on shares of GFL Environmental from $58.00 to $60.00 and gave the company a “buy” rating in a report on Monday, November 10th. Finally, Wells Fargo & Company started coverage on shares of GFL Environmental in a report on Thursday, November 13th. They set an “overweight” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $57.08.

About GFL Environmental

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.