GFL Environmental Inc. $GFL Stock: Beutel Goodman & Co Ltd. Lowers Stake

Beutel Goodman & Co Ltd. cut its stake in GFL Environmental Inc. (NYSE:GFL) by 8.6% in the third quarter, Holdings Channel reports. The institutional investor owned 5,229,915 shares of the company’s stock after selling 490,753 shares during the period. GFL Environmental makes up about 1.7% of Beutel Goodman & Co Ltd.’s investment portfolio, making the stock its 26th biggest holding. Beutel Goodman & Co Ltd.’s holdings in GFL Environmental were worth $219,031,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Integrated Wealth Concepts LLC bought a new position in GFL Environmental during the second quarter valued at $31,000. GAMMA Investing LLC raised its stake in shares of GFL Environmental by 853.7% in the third quarter. GAMMA Investing LLC now owns 1,030 shares of the company’s stock valued at $43,000 after acquiring an additional 922 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of GFL Environmental by 36.9% in the first quarter. EverSource Wealth Advisors LLC now owns 1,335 shares of the company’s stock valued at $56,000 after acquiring an additional 360 shares during the period. Parallel Advisors LLC lifted its holdings in shares of GFL Environmental by 256.9% in the 1st quarter. Parallel Advisors LLC now owns 1,542 shares of the company’s stock worth $64,000 after acquiring an additional 1,110 shares during the last quarter. Finally, WPG Advisers LLC lifted its holdings in shares of GFL Environmental by 45.4% in the 3rd quarter. WPG Advisers LLC now owns 1,530 shares of the company’s stock worth $64,000 after acquiring an additional 478 shares during the last quarter. 64.70% of the stock is owned by hedge funds and other institutional investors.

GFL Environmental Price Performance

GFL opened at $45.84 on Tuesday. The business has a fifty day moving average of $43.25 and a 200 day moving average of $40.93. The stock has a market cap of $16.55 billion, a P/E ratio of 69.68, a PEG ratio of 3.47 and a beta of 0.68. The company has a quick ratio of 0.75, a current ratio of 0.93 and a debt-to-equity ratio of 1.03. GFL Environmental Inc. has a 52-week low of $33.33 and a 52-week high of $46.76.

GFL Environmental (NYSE:GFL) last released its earnings results on Wednesday, October 28th. The company reported $0.19 earnings per share for the quarter, hitting analysts’ consensus estimates 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 analyst estimates of $1.49 billion. As a group, sell-side analysts anticipate that GFL Environmental Inc. will post 0.56 EPS for the current year.

GFL Environmental Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 30th. Stockholders 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 currently -8.86%.

Analysts Set New Price Targets

A number of equities analysts recently commented on GFL shares. JPMorgan Chase & Co. lifted their price target on shares of GFL Environmental from $41.00 to $42.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 21st. Wolfe Research initiated coverage on shares of GFL Environmental in a research report on Tuesday, September 15th. They issued an “outperform” rating and a $77.00 price objective on the stock. Truist Financial decreased their price objective on shares of GFL Environmental from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Tuesday, November 3rd. Scotiabank raised their price objective on shares of GFL Environmental from $55.00 to $56.00 and gave the stock a “sector outperform” rating in a research note on Friday, October 30th. Finally, Jefferies Financial Group restated a “buy” rating on shares of GFL Environmental in a research report on Friday, October 30th. Ten equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, GFL Environmental has a consensus rating of “Moderate Buy” and an average target price of $57.33.

GFL Environmental Company 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.