Barton Investment Management Purchases 1,800 Shares of GFL Environmental Inc. $GFL

Barton Investment Management increased its position in shares of GFL Environmental Inc. (NYSE:GFL) by 0.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 419,678 shares of the company’s stock after buying an additional 1,800 shares during the quarter. GFL Environmental comprises about 2.2% of Barton Investment Management’s portfolio, making the stock its 10th biggest position. Barton Investment Management owned approximately 0.11% of GFL Environmental worth $21,177,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of GFL Environmental by 1.7% in the first quarter. Vanguard Group Inc. now owns 8,843,436 shares of the company’s stock worth $427,166,000 after purchasing an additional 146,256 shares during the last quarter. Royal Bank of Canada raised its stake in shares of GFL Environmental by 4.4% in the first 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 last quarter. American Century Companies Inc. raised its stake in shares of GFL Environmental by 87.2% in the first quarter. American Century Companies Inc. now owns 4,515,302 shares of the company’s stock worth $218,134,000 after purchasing an additional 2,102,663 shares during the last quarter. Maverick Capital Ltd. raised its stake in shares of GFL Environmental by 13.9% in the first quarter. Maverick Capital Ltd. now owns 4,301,966 shares of the company’s stock worth $207,828,000 after purchasing an additional 523,360 shares during the last quarter. Finally, TD Asset Management Inc raised its stake in shares of GFL Environmental by 19.0% in the first quarter. TD Asset Management Inc now owns 1,330,765 shares of the company’s stock worth $64,271,000 after purchasing an additional 212,844 shares during the last quarter. 64.70% of the stock is owned by institutional investors and hedge funds.

GFL Environmental Price Performance

GFL Environmental stock opened at $46.75 on Friday. GFL Environmental Inc. has a one year low of $39.10 and a one year high of $52.00. The business has a fifty day moving average price of $48.63 and a 200-day moving average price of $48.66. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market capitalization of $16.99 billion, a P/E ratio of 7.36 and a beta of 1.17.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. GFL Environmental had a return on equity of 3.71% and a net margin of 48.53%.The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same period last year, the company earned $0.29 earnings per share. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. GFL Environmental has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that GFL Environmental Inc. will post 0.58 EPS for the current year.

GFL Environmental Dividend Announcement

The business 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 $0.0154 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, October 15th. GFL Environmental’s dividend payout ratio (DPR) is presently 0.94%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on GFL. Truist Financial increased their price target on GFL Environmental from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Barclays began coverage on GFL Environmental in a report on Friday, September 19th. They set an “overweight” rating and a $62.00 price objective for the company. Scotiabank increased their price objective on GFL Environmental from $56.00 to $60.00 and gave the company a “sector outperform” rating in a report on Friday, August 1st. William Blair began coverage on GFL Environmental in a report on Thursday, September 25th. They set an “outperform” rating for the company. Finally, Citigroup increased their price objective on GFL Environmental from $58.00 to $61.00 and gave the company a “buy” rating in a report on Wednesday, September 17th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $58.75.

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.