GFL Environmental Inc. $GFL Stock: Pictet Asset Management Holding SA Increases Position

Pictet Asset Management Holding SA grew its holdings in shares of GFL Environmental Inc. (NYSE:GFL) by 32.7% in the 3rd quarter, Holdings Channel reports. The fund owned 8,857,130 shares of the company’s stock after acquiring an additional 2,184,230 shares during the period. Pictet Asset Management Holding SA’s holdings in GFL Environmental were worth $370,510,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC bought a new stake in GFL Environmental in the third quarter valued at about $309,000. Covestor Ltd bought a new stake in shares of GFL Environmental during the 3rd quarter worth $478,000. GRIMES & Co WEALTH MANAGEMENT LLC purchased a new position in GFL Environmental in the 3rd quarter worth about $210,000. Greenleaf Trust raised its holdings in shares of GFL Environmental by 2.2% during the third quarter. Greenleaf Trust now owns 12,964 shares of the company’s stock valued at $542,000 after acquiring an additional 274 shares during the period. Finally, Vise Technologies Inc. lifted its stake in shares of GFL Environmental by 158.7% in the third quarter. Vise Technologies Inc. now owns 19,401 shares of the company’s stock worth $812,000 after buying an additional 11,901 shares during the last quarter. 64.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GFL has been the subject of several recent analyst reports. Weiss Ratings upgraded GFL Environmental from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 26th. BMO Capital Markets reiterated a “market perform” rating on shares of GFL Environmental in a research note on Thursday, October 15th. JPMorgan Chase & Co. boosted their price target on GFL Environmental from $41.00 to $42.00 and gave the company an “underweight” rating in a research note on Wednesday, October 21st. Wolfe Research began coverage on GFL Environmental in a report on Tuesday, September 15th. They issued an “outperform” rating and a $77.00 price target for the company. Finally, Scotiabank upped their price target on GFL Environmental from $55.00 to $56.00 and gave the company a “sector outperform” rating in a report on Friday, October 30th. Eleven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, GFL Environmental currently has an average rating of “Moderate Buy” and a consensus target price of $57.60.

GFL Environmental Trading Up 0.4%

GFL stock opened at $46.31 on Friday. The business’s 50 day moving average is $43.19 and its 200-day moving average is $40.92. GFL Environmental Inc. has a 1-year low of $33.33 and a 1-year high of $46.76. The firm has a market cap of $16.71 billion, a P/E ratio of -58.62, a P/E/G ratio of 3.33 and a beta of 0.68. The company has a current ratio of 0.93, a quick ratio of 0.75 and a debt-to-equity ratio of 1.03.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. GFL Environmental had a positive return on equity of 3.84% and a negative net margin of 4.93%. The business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Equities analysts anticipate that GFL Environmental Inc. will post 0.56 earnings per share for the current fiscal year.

GFL Environmental Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, October 14th were paid a dividend of $0.0169 per share. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Wednesday, October 14th. GFL Environmental’s payout ratio is -8.86%.

GFL Environmental Profile

GFL Environmental is a North American waste management company focused on providing solid waste collection, recycling, processing and disposal services. Its operations serve residential, commercial, industrial and municipal customers in Canada and the United States.

Founded in 2007, the company expanded through acquisitions and growth in its waste management operations. GFL is headquartered in Vaughan, Ontario.

In 2025, GFL completed the sale of its Environmental Services business, which included liquid waste management and soil remediation operations.