Whipplewood Advisors LLC Buys 498 Shares of GFL Environmental Inc. $GFL

Whipplewood Advisors LLC lifted its stake in GFL Environmental Inc. (NYSE:GFL) by 21.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,790 shares of the company’s stock after acquiring an additional 498 shares during the period. Whipplewood Advisors LLC’s holdings in GFL Environmental were worth $141,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in GFL. Pittenger & Anderson Inc. increased its position in GFL Environmental by 77.8% during the 2nd quarter. Pittenger & Anderson Inc. now owns 4,000 shares of the company’s stock valued at $202,000 after buying an additional 1,750 shares in the last quarter. Axxcess Wealth Management LLC increased its position in GFL Environmental by 21.6% during the 2nd quarter. Axxcess Wealth Management LLC now owns 40,458 shares of the company’s stock valued at $2,042,000 after buying an additional 7,181 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in GFL Environmental by 10.3% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 5,228 shares of the company’s stock valued at $264,000 after buying an additional 489 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its position in GFL Environmental by 28.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 13,783 shares of the company’s stock valued at $695,000 after buying an additional 3,063 shares in the last quarter. Finally, SRH Advisors LLC increased its position in GFL Environmental by 33.3% during the 2nd quarter. SRH Advisors LLC now owns 4,000 shares of the company’s stock valued at $202,000 after buying an additional 1,000 shares in the last quarter. 64.70% of the stock is owned by institutional investors.

GFL Environmental Stock Down 1.1%

GFL Environmental stock opened at $45.54 on Monday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.67 and a current ratio of 0.67. The business’s 50-day simple moving average is $47.30 and its two-hundred day simple moving average is $48.52. The company has a market cap of $16.55 billion, a PE ratio of 7.17 and a beta of 1.17. GFL Environmental Inc. has a fifty-two week low of $39.63 and a fifty-two week high of $52.00.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.68 billion. GFL Environmental had a return on equity of 3.71% and a net margin of 48.53%.The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.29 EPS. GFL Environmental has set its FY 2025 guidance at EPS. Equities analysts anticipate that GFL Environmental Inc. will post 0.58 EPS for the current year.

GFL Environmental Announces Dividend

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

Analyst Ratings Changes

Several brokerages recently issued reports on GFL. Citigroup upped their target price on GFL Environmental from $58.00 to $61.00 and gave the company a “buy” rating in a research report on Wednesday, September 17th. UBS Group reduced their target price on GFL Environmental from $63.00 to $58.00 and set a “buy” rating on the stock in a research report on Thursday, October 16th. Raymond James Financial set a $57.00 target price on GFL Environmental and gave the company an “outperform” rating in a research report on Monday, October 6th. Truist Financial upped their target price on GFL Environmental from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Finally, Scotiabank set a $58.00 price target on GFL Environmental in a research note on Friday, October 10th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price 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.