JPMorgan Chase & Co. Grows Stock Position in GFL Environmental Inc. $GFL

by · The Cerbat Gem

JPMorgan Chase & Co. grew its stake in GFL Environmental Inc. (NYSE:GFL – Free Report) by 11.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 994,849 shares of the company’s stock after buying an additional 105,186 shares during the quarter. JPMorgan Chase & Co.’s holdings in GFL Environmental were worth $50,200,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Compass Financial Services Inc raised its position in GFL Environmental by 63.0% during the second quarter. Compass Financial Services Inc now owns 820 shares of the company’s stock valued at $41,000 after acquiring an additional 317 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of GFL Environmental during the 1st quarter valued at approximately $59,000. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of GFL Environmental in the 2nd quarter valued at $90,000. WPG Advisers LLC purchased a new stake in GFL Environmental during the first quarter worth $105,000. Finally, Jones Financial Companies Lllp boosted its holdings in GFL Environmental by 684.5% during the first quarter. Jones Financial Companies Lllp now owns 2,573 shares of the company’s stock worth $124,000 after buying an additional 2,245 shares in the last quarter. 64.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GFL. Raymond James Financial set a $57.00 price objective on shares of GFL Environmental and gave the company an “outperform” rating in a report on Monday, October 6th. Wells Fargo & Company initiated coverage on GFL Environmental in a research note on Thursday, November 13th. They issued an “overweight” rating for the company. Scotiabank set a $58.00 price target on GFL Environmental in a research report on Friday, October 10th. William Blair started coverage on GFL Environmental in a report on Thursday, September 25th. They issued an “outperform” rating on the stock. Finally, UBS Group boosted their price objective on GFL Environmental from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, November 10th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $57.08.

Get Our Latest Research Report on GFL Environmental

GFL Environmental Trading Up 0.4%

Shares of GFL Environmental stock opened at $45.66 on Monday. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.98. GFL Environmental Inc. has a twelve month low of $41.29 and a twelve month high of $52.00. The firm has a market capitalization of $16.59 billion, a PE ratio of 7.16 and a beta of 0.89. The firm’s 50-day moving average price is $45.26 and its 200 day moving average price is $47.73.

GFL Environmental (NYSE:GFL – Get Free Report) last announced its earnings results on Wednesday, November 5th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.69 billion. GFL Environmental had a net margin of 50.99% and a return on equity of 3.06%. GFL Environmental’s revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.33 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 EPS for the current fiscal year.

GFL Environmental Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th were issued a $0.0154 dividend. The ex-dividend date 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 presently 0.94%.

GFL Environmental Company Profile

(Free Report)

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.

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