Pictet Asset Management Holding SA Purchases 2,184,230 Shares of GFL Environmental Inc. $GFL

Pictet Asset Management Holding SA lifted its holdings in GFL Environmental Inc. (NYSE:GFL) by 32.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,857,130 shares of the company’s stock after purchasing an additional 2,184,230 shares during the period. Pictet Asset Management Holding SA owned about 2.45% of GFL Environmental worth $370,510,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC acquired a new position in shares of GFL Environmental during the 3rd quarter worth about $309,000. Covestor Ltd acquired a new position in GFL Environmental during the third quarter worth $478,000. GRIMES & Co WEALTH MANAGEMENT LLC acquired a new stake in shares of GFL Environmental in the 3rd quarter worth $210,000. Greenleaf Trust increased its stake in shares of GFL Environmental by 2.2% in the 3rd quarter. Greenleaf Trust now owns 12,964 shares of the company’s stock worth $542,000 after acquiring an additional 274 shares during the last quarter. Finally, Vise Technologies Inc. raised 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 worth $812,000 after acquiring an additional 11,901 shares during the period. 64.70% of the stock is currently owned by institutional investors and hedge funds.

GFL Environmental Trading Up 0.4%

Shares of GFL Environmental stock opened at $46.31 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.75 and a debt-to-equity ratio of 1.03. GFL Environmental Inc. has a 12-month low of $33.33 and a 12-month high of $46.76. The stock has a market cap of $16.71 billion, a price-to-earnings ratio of -58.62, a PEG ratio of 3.33 and a beta of 0.68. The company has a fifty day simple moving average of $43.19 and a 200-day simple moving average of $40.92.

GFL Environmental (NYSE:GFL) last announced its quarterly earnings results 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 business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $1.49 billion. On average, equities analysts forecast that GFL Environmental Inc. will post 0.56 EPS for the current fiscal year.

GFL Environmental Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Stockholders 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 dividend yield of 0.1%. The ex-dividend date was Wednesday, October 14th. GFL Environmental’s dividend payout ratio is presently -8.86%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GFL. JPMorgan Chase & Co. boosted 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. Wolfe Research started coverage on shares of GFL Environmental in a report on Tuesday, September 15th. They issued an “outperform” rating and a $77.00 target price for the company. BMO Capital Markets reiterated a “market perform” rating on shares of GFL Environmental in a research note on Thursday, October 15th. Weiss Ratings raised GFL Environmental from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 26th. Finally, Citigroup raised their target price on shares of GFL Environmental from $51.00 to $52.00 and gave the company a “buy” rating in a report on Monday, November 2nd. Eleven 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. According to data from MarketBeat.com, GFL Environmental presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.60.

GFL Environmental 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.