Allianz Asset Management GmbH Has $3.36 Million Stock Holdings in GFL Environmental Inc. $GFL

Allianz Asset Management GmbH decreased its position in shares of GFL Environmental Inc. (NYSE:GFL) by 18.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,651 shares of the company’s stock after selling 14,992 shares during the period. Allianz Asset Management GmbH’s holdings in GFL Environmental were worth $3,358,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Millstone Evans Group LLC boosted its position in shares of GFL Environmental by 147.8% during the 1st quarter. Millstone Evans Group LLC now owns 560 shares of the company’s stock worth $27,000 after acquiring an additional 334 shares in the last quarter. OneDigital Investment Advisors LLC boosted its position in shares of GFL Environmental by 2.6% during the 1st quarter. OneDigital Investment Advisors LLC now owns 17,264 shares of the company’s stock worth $834,000 after acquiring an additional 436 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of GFL Environmental by 10.3% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 5,228 shares of the company’s stock worth $264,000 after acquiring an additional 489 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of 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 acquiring an additional 574 shares in the last quarter. Finally, Bessemer Group Inc. acquired a new stake in shares of GFL Environmental during the 1st quarter worth approximately $28,000. Institutional investors and hedge funds own 64.70% of the company’s stock.

GFL Environmental Price Performance

GFL stock opened at $46.03 on Friday. GFL Environmental Inc. has a 52-week low of $39.63 and a 52-week high of $52.00. The company has a fifty day moving average price of $47.38 and a 200-day moving average price of $48.46. The company has a market capitalization of $16.72 billion, a P/E ratio of 7.25 and a beta of 1.17. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.67 and a current ratio of 0.67.

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

GFL Environmental Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders 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 yield of 0.1%. The ex-dividend date is Wednesday, October 15th. GFL Environmental’s dividend payout ratio (DPR) is presently 0.94%.

Analyst Ratings Changes

GFL has been the subject of several research reports. Scotiabank set a $58.00 price objective on shares of GFL Environmental in a research note on Friday, October 10th. Citigroup increased their price objective on shares of GFL Environmental from $58.00 to $61.00 and gave the company a “buy” rating in a research note on Wednesday, September 17th. UBS Group dropped their price objective on shares of GFL Environmental from $63.00 to $58.00 and set a “buy” rating for the company in a research note on Thursday, October 16th. Truist Financial increased their price objective on shares of GFL Environmental from $58.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Finally, Stifel Nicolaus initiated coverage on shares of GFL Environmental in a research note on Tuesday, September 30th. They issued a “buy” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, GFL Environmental has an average rating of “Buy” and an average price target 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.