GFL Environmental (NYSE:GFL) Shares Gap Down – Should You Sell?

GFL Environmental Inc. (NYSE:GFL) shares gapped down prior to trading 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 changing hands.

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

Analyst Upgrades and Downgrades

Several research firms have commented on GFL. JPMorgan Chase & Co. decreased their price objective on shares of GFL Environmental from $42.00 to $40.00 and set an “underweight” rating on the stock in a report on Wednesday. TD Cowen restated a “buy” rating and set a $65.00 target price on shares of GFL Environmental in a research note on Friday, September 11th. Weiss Ratings upgraded shares of GFL Environmental from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 26th. Barclays lifted their target price on shares of GFL Environmental from $58.00 to $59.00 and gave the stock an “overweight” rating in a report on Friday, October 30th. Finally, Truist Financial decreased their price target on shares of GFL Environmental from $60.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, November 3rd. Ten 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 company’s stock. Based on data from MarketBeat.com, GFL Environmental has a consensus rating of “Moderate Buy” and a consensus target price of $57.11.

GFL Environmental Price Performance

The company has a fifty day simple moving average of $43.29 and a two-hundred day simple moving average of $40.91. The stock has a market capitalization of $18.88 billion, a price-to-earnings ratio of -54.82, a PEG ratio of 3.18 and a beta of 0.68. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.93 and a current ratio of 0.93.

GFL Environmental (NYSE:GFL) last released its earnings results on Wednesday, October 28th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting 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 company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $1.49 billion. As a group, equities research analysts expect that GFL Environmental Inc. will post 0.56 earnings per share for the current fiscal year.

GFL Environmental Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Shareholders 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 yield of 0.2%. The ex-dividend date was Wednesday, October 14th. GFL Environmental’s dividend payout ratio is presently -8.86%.

Hedge Funds Weigh In On GFL Environmental

Several hedge funds have recently bought and sold shares of GFL. Integrated Wealth Concepts LLC bought a new stake in shares of GFL Environmental during the 2nd quarter worth approximately $31,000. GAMMA Investing LLC increased its stake in 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 last quarter. Fifth Third Bancorp increased its stake in GFL Environmental by 175.0% in the third quarter. Fifth Third Bancorp now owns 1,144 shares of the company’s stock valued at $48,000 after acquiring an additional 728 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in GFL Environmental by 36.9% during the first quarter. EverSource Wealth Advisors LLC now owns 1,335 shares of the company’s stock valued at $56,000 after purchasing an additional 360 shares in the last quarter. Finally, WPG Advisers LLC raised its position in GFL Environmental by 45.4% during the third quarter. WPG Advisers LLC now owns 1,530 shares of the company’s stock valued at $64,000 after purchasing an additional 478 shares in the last quarter. 64.70% of the stock is owned by institutional investors.

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.