Walter Public Investments Inc. Purchases New Stake in GFL Environmental Inc. $GFL

Walter Public Investments Inc. purchased a new stake in shares of GFL Environmental Inc. (NYSE:GFL) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 132,593 shares of the company’s stock, valued at approximately $5,536,000. GFL Environmental makes up approximately 1.3% of Walter Public Investments Inc.’s holdings, making the stock its 29th largest holding.

Other institutional investors also recently bought and sold shares of the company. QV Investors Inc. acquired a new stake in shares of GFL Environmental in the third quarter worth $44,887,000. Maven Securities LTD raised its stake in shares of GFL Environmental by 18.7% in the 2nd quarter. Maven Securities LTD now owns 143,198 shares of the company’s stock valued at $5,268,000 after acquiring an additional 22,551 shares during the period. Bank of America Corp DE lifted its holdings in shares of GFL Environmental by 43.8% during the 1st quarter. Bank of America Corp DE now owns 1,847,166 shares of the company’s stock valued at $77,064,000 after acquiring an additional 563,001 shares in the last quarter. TD Waterhouse Canada Inc. lifted its holdings in shares of GFL Environmental by 29.1% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 374,906 shares of the company’s stock valued at $15,182,000 after acquiring an additional 84,555 shares in the last quarter. Finally, Vise Technologies Inc. lifted its holdings in shares of GFL Environmental by 158.7% during the 3rd quarter. Vise Technologies Inc. now owns 19,401 shares of the company’s stock valued at $812,000 after acquiring an additional 11,901 shares in the last quarter. 64.70% of the stock is currently owned by hedge funds and other institutional investors.

GFL Environmental Stock Up 2.1%

Shares of NYSE:GFL opened at $43.31 on Thursday. The company has a quick ratio of 0.93, 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. The company has a 50 day moving average of $43.29 and a two-hundred day moving average of $40.91. The company has a market capitalization of $18.88 billion, a price-to-earnings ratio of -54.82, a price-to-earnings-growth ratio of 3.18 and a beta of 0.68.

GFL Environmental (NYSE:GFL) last posted 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 negative net margin of 4.93% and a positive return on equity of 3.84%. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $1.49 billion. As a group, analysts forecast that GFL Environmental Inc. will post 0.56 earnings per share for the current fiscal year.

GFL Environmental Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, October 14th were issued a dividend of $0.0169 per share. This represents a $0.07 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Wednesday, October 14th. GFL Environmental’s dividend payout ratio (DPR) is presently -8.86%.

Analyst Ratings Changes

A number of brokerages recently weighed in on GFL. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of GFL Environmental in a research report on Monday, August 31st. Citigroup raised their price objective on GFL Environmental from $51.00 to $52.00 and gave the company a “buy” rating in a research report on Monday, November 2nd. JPMorgan Chase & Co. cut their price objective on GFL Environmental from $42.00 to $40.00 and set an “underweight” rating on the stock in a research report on Wednesday. Scotiabank boosted their price objective on 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 reaffirmed a “buy” rating on shares of GFL Environmental in a research report on Friday, October 30th. Ten analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $57.11.

Top GFL Environmental Stories

Here are a few of the latest stories about GFL:

• Neutral Sentiment: The board unanimously reaffirmed its strategy to remain public after reviewing take-private proposals. GFL strategic review announcement
• Negative Sentiment: GFL rejected a reported $52-per-share offer from a private-equity consortium and ended the review. Investors may be disappointed that the potential premium will not be realized; coverage also reported a sharp share-price reaction to the decision. Globe and Mail report
• Negative Sentiment: JPMorgan lowered its price target to $40 from $42 and assigned an “underweight” rating, indicating a less favorable outlook for the shares. JPMorgan rating information

About GFL Environmental

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.