5 Best Waste Management Stocks to Buy Now

In this article, we discuss 5 best waste management stocks to buy now. If you want to read our detailed discussion on the waste management industry, head over to 12 Best Waste Management Stocks to Buy Now.

5. GFL Environmental Inc. (NYSE:GFL)

Number of Hedge Fund Holders: 27

GFL Environmental Inc. (NYSE:GFL) is one of the best waste management stocks. It provides environmentally responsible services for managing non-hazardous solid waste in Canada and the United States. The company’s services include solid waste management, liquid waste management, and soil remediation. This refers to tasks like collecting, transporting, transferring, recycling, and disposing of waste for municipalities, residents, and businesses. On November 1, GFL Environmental Inc. (NYSE:GFL) reported a Q3 non-GAAP EPS of $0.32 and a revenue of $1.89 billion, outperforming market estimates by $0.12 and $540 million, respectively.

According to Insider Monkey’s second quarter database, 27 hedge funds were bullish on GFL Environmental Inc. (NYSE:GFL), an increase from 21 in the last quarter. Ken Griffin’s Citadel Investment Group held the top position in the company, with over 3.3 million shares worth $129.08 million.

Ave Maria Focused Fund made the following comment about GFL Environmental Inc. (NYSE:GFL) in its Q2 2023 investor letter:

“GFL Environmental Inc. (NYSE:GFL) is the fifth-largest position and was up 32.8% YTD. GFL has closed two of three announced transactions for the divesture of non-core assets. The closing of the third transaction is expected imminently, which will allow the company to deleverage as planned. The operational performance of GFL continues to be impressive since its IPO in 2020.”