GFL Environmental Inc. $GFL Shares Sold by TD Asset Management Inc

TD Asset Management Inc lowered its position in shares of GFL Environmental Inc. (NYSE:GFL) by 10.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,192,719 shares of the company’s stock after selling 138,046 shares during the quarter. TD Asset Management Inc owned 0.33% of GFL Environmental worth $60,086,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Axxcess Wealth Management LLC boosted its position in shares of 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 purchasing an additional 7,181 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in GFL Environmental by 10.3% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 5,228 shares of the company’s stock valued at $264,000 after purchasing an additional 489 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake 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 valued at $695,000 after purchasing an additional 3,063 shares during 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 grew its position in GFL Environmental by 0.4% in the second quarter. Barton Investment Management now owns 419,678 shares of the company’s stock worth $21,177,000 after buying an additional 1,800 shares during the last quarter. 64.70% of the stock is currently owned by institutional investors.

GFL Environmental Stock Performance

Shares of GFL stock opened at $45.14 on Thursday. The company has a market capitalization of $16.40 billion, a price-to-earnings ratio of 7.11 and a beta of 1.17. GFL Environmental Inc. has a 1-year low of $39.63 and a 1-year high of $52.00. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.89. The stock’s fifty day simple moving average is $47.98 and its 200-day simple moving average is $48.51.

GFL Environmental (NYSE:GFL) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.68 billion. GFL Environmental had a return on equity of 3.71% and a net margin of 48.53%.The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the company posted $0.29 EPS. GFL Environmental has set its FY 2025 guidance at EPS. On average, sell-side analysts predict 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%.

Wall Street Analyst Weigh In

GFL has been the subject of a number of recent research reports. Royal Bank Of Canada increased their price objective on GFL Environmental from $56.00 to $59.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Citigroup upped their target price on GFL Environmental from $58.00 to $61.00 and gave the company a “buy” rating in a report on Wednesday, September 17th. 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. Weiss Ratings restated a “buy (b)” rating on shares of GFL Environmental in a report on Wednesday, October 8th. Finally, William Blair began coverage on shares of GFL Environmental in a research note on Thursday, September 25th. They set an “outperform” rating for the company. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $58.50.

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.