GFL Environmental Inc. (GFL) Stock Could Soon Reward Patient Investors

GFL Environmental Inc. (NYSE: GFL) is 15.79% higher on its value in year-to-date trading and has touched a low of $26.87 and a high of $43.79 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GFL stock was last observed hovering at around $40.65 in the last trading session, with the day’s loss setting it -0.69%.

Currently trading at $39.96, the stock is 0.32% and -1.02% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.12 million and changing -1.70% at the moment leaves the stock 10.19% off its SMA200. GFL registered 23.18% gain for a year compared to 6-month gain of 12.88%. The firm has a 50-day simple moving average (SMA 50) of $40.3714 and a 200-day simple moving average (SMA200) of $36.26425.

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The stock witnessed a 0.33% loss in the last 1 month and extending the period to 3 months gives it a 3.23%, and is 0.20% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.58% over the week and 2.21% over the month.

GFL Environmental Inc. (GFL) has around 20000 employees, a market worth around $15.05B and $5.63B in sales. Fwd P/E is 37.20. Profit margin for the company is -9.39%. Distance from 52-week low is 48.72% and -8.75% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.31%).

with sales reaching $1.51B over the same period.The EPS is expected to shrink by -8.21% this year, but quarterly earnings will post 6.30% year-over-year. Quarterly sales are estimated to grow 9.10% in year-over-year returns.

GFL Environmental Inc. (GFL) Top Institutional Holders

429.0 institutions hold shares in GFL Environmental Inc. (GFL), with institutional investors hold 84.28% of the company’s shares. The shares outstanding are 359.35M, and float is at 238.64M with Short Float at 3.81%. Institutions hold 81.66% of the Float.

The top institutional shareholder in the company is BC PARTNERS ADVISORS L.P. with over 43.56 million shares valued at $1.34 billion. The investor’s holdings represent 11.6775% of the GFL Shares outstanding. As of 2024-06-30, the second largest holder is ONTARIO TEACHERS PENSION PLAN BOARD with 35.36 million shares valued at $1.38 billion to account for 9.4795 of the shares outstanding. The other top investors are FMR LLC which holds 23.43 million shares representing 6.2817% and valued at over $912.5 million, while CAPITAL RESEARCH GLOBAL INVESTORS holds 6.0144 of the shares totaling 22.43 million with a market value of $873.32 million.