GFL Environmental (NYSE:GFL) Shares Gap Down – Here’s Why

GFL Environmental Inc. (NYSE:GFL) shares gapped down before the market opened on Tuesday. The stock had previously closed at $45.88, but opened at $40.89. GFL Environmental shares last traded at $41.6060, with a volume of 7,161,781 shares traded.

Analysts Set New Price Targets

GFL has been the subject of several recent analyst reports. Jefferies Financial Group reissued a “buy” rating on shares of GFL Environmental in a report on Friday, October 30th. Wolfe Research initiated coverage on shares of GFL Environmental in a research note on Tuesday, September 15th. They issued an “outperform” rating and a $77.00 target price for the company. Weiss Ratings upgraded shares of GFL Environmental from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 26th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of GFL Environmental in a research report on Monday, August 31st. Finally, Citigroup increased their price target on shares of GFL Environmental from $51.00 to $52.00 and gave the company a “buy” rating in a research note on Monday, November 2nd. Ten analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, GFL Environmental currently has an average rating of “Moderate Buy” and a consensus price target of $57.33.

GFL Environmental Stock Down 9.3%

The company has a quick ratio of 0.75, a current ratio of 0.93 and a debt-to-equity ratio of 1.03. The firm has a 50 day simple moving average of $43.25 and a 200-day simple moving average of $40.93. The stock has a market cap of $15.03 billion, a P/E ratio of -52.77, a price-to-earnings-growth ratio of 3.47 and a beta of 0.68.

GFL Environmental (NYSE:GFL) last released its quarterly earnings data on Wednesday, October 28th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting 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 company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $1.49 billion. On average, equities research analysts forecast 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 $0.0169 dividend. This represents a $0.07 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Wednesday, October 14th. GFL Environmental’s dividend payout ratio is -8.86%.

Institutional Investors Weigh In On GFL Environmental

Hedge funds have recently added to or reduced their stakes in the business. Pictet Asset Management Holding SA boosted its position in GFL Environmental by 32.7% during the third quarter. Pictet Asset Management Holding SA now owns 8,857,130 shares of the company’s stock worth $370,510,000 after purchasing an additional 2,184,230 shares during the period. Bank of America Corp DE raised its position in shares of GFL Environmental by 43.8% in the first quarter. Bank of America Corp DE now owns 1,847,166 shares of the company’s stock valued at $77,064,000 after purchasing an additional 563,001 shares during the period. Verbena Value LP raised its position in shares of GFL Environmental by 44.7% in the first quarter. Verbena Value LP now owns 1,211,100 shares of the company’s stock valued at $50,527,000 after purchasing an additional 374,000 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of GFL Environmental by 68.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,158,643 shares of the company’s stock worth $48,309,000 after buying an additional 471,935 shares during the last quarter. Finally, QV Investors Inc. acquired a new stake in shares of GFL Environmental during the 3rd quarter worth about $44,887,000. Institutional investors and hedge funds own 64.70% of the company’s stock.

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.