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

GFL Environmental Inc. (NYSE:GFL)’s share price 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.

Analysts Set New Price Targets

A number of brokerages have issued reports on GFL. Wolfe Research assumed coverage on GFL Environmental in a report on Tuesday, September 15th. They set an “outperform” rating and a $77.00 target price on the stock. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of GFL Environmental in a research note on Monday, August 31st. JPMorgan Chase & Co. increased their price target on shares of GFL Environmental from $41.00 to $42.00 and gave the company an “underweight” rating in a research report on Wednesday, October 21st. Weiss Ratings raised shares of GFL Environmental from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 26th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of GFL Environmental in a research note on Friday, October 30th. Ten analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $57.33.

GFL Environmental Stock Performance

The stock has a fifty 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 PEG ratio of 3.47 and a beta of 0.68. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.75 and a current ratio of 0.93.

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

GFL Environmental Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Wednesday, October 14th. GFL Environmental’s dividend payout ratio (DPR) is currently -8.86%.

Institutional Trading of GFL Environmental

Hedge funds and other institutional investors have recently made changes to their positions in the business. Alberta Investment Management Corp boosted its holdings in GFL Environmental by 237.5% during the third quarter. Alberta Investment Management Corp now owns 245,757 shares of the company’s stock worth $10,272,000 after purchasing an additional 172,936 shares during the last quarter. FDx Advisors Inc. acquired a new stake in GFL Environmental in the 3rd quarter valued at $240,000. MSH Capital Advisors LLC bought a new stake in GFL Environmental during the 3rd quarter worth about $209,000. Fifth Third Bancorp lifted its position in GFL Environmental by 175.0% during the 3rd quarter. Fifth Third Bancorp now owns 1,144 shares of the company’s stock worth $48,000 after buying an additional 728 shares in the last quarter. Finally, Maryland State Retirement & Pension System lifted its position in GFL Environmental by 57.8% during the 3rd quarter. Maryland State Retirement & Pension System now owns 21,091 shares of the company’s stock worth $882,000 after buying an additional 7,723 shares in the last quarter. 64.70% of the stock is currently owned by institutional investors and hedge funds.

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.