Vanguard Group Inc. Increases Stock Holdings in GFL Environmental Inc. $GFL

Vanguard Group Inc. raised its position in shares of GFL Environmental Inc. (NYSE:GFL) by 1.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,059,655 shares of the company’s stock after buying an additional 166,175 shares during the period. Vanguard Group Inc. owned about 3.04% of GFL Environmental worth $524,170,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its stake in shares of GFL Environmental by 684.5% in the 1st quarter. Jones Financial Companies Lllp now owns 2,573 shares of the company’s stock worth $124,000 after acquiring an additional 2,245 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of GFL Environmental by 94.1% in the first quarter. Goldman Sachs Group Inc. now owns 714,438 shares of the company’s stock worth $34,514,000 after acquiring an additional 346,394 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in GFL Environmental by 3.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 458,936 shares of the company’s stock valued at $22,171,000 after buying an additional 14,252 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of GFL Environmental by 6.1% in the second quarter. Bank of Montreal Can now owns 1,423,692 shares of the company’s stock valued at $71,913,000 after purchasing an additional 81,795 shares during the period. Finally, Aviva PLC acquired a new position in GFL Environmental during the 2nd quarter worth $6,361,000. 64.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on GFL. Barclays increased their price target on GFL Environmental from $62.00 to $63.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Royal Bank Of Canada increased their price target on shares of GFL Environmental from $59.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. Weiss Ratings downgraded GFL Environmental from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, February 9th. Citigroup cut their target price on GFL Environmental from $58.00 to $56.00 and set a “buy” rating on the stock in a research note on Friday, January 16th. Finally, UBS Group boosted their price objective on shares of GFL Environmental from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $56.67.

GFL Environmental Trading Up 0.1%

Shares of GFL Environmental stock opened at $42.31 on Wednesday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.05. The company’s 50-day moving average price is $43.03 and its 200-day moving average price is $45.17. The company has a market cap of $15.14 billion, a price-to-earnings ratio of 6.22, a PEG ratio of 3.29 and a beta of 0.88. GFL Environmental Inc. has a 12-month low of $40.83 and a 12-month high of $52.00.

GFL Environmental (NYSE:GFL) last released its earnings results on Wednesday, February 11th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.12. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.67 billion. GFL Environmental had a return on equity of 3.66% and a net margin of 56.61%.GFL Environmental’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.58) EPS. On average, equities analysts expect that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Tuesday, January 13th were given a dividend of $0.0154 per share. The ex-dividend date was Tuesday, January 13th. This represents a $0.06 annualized dividend and a dividend yield of 0.1%. GFL Environmental’s dividend payout ratio (DPR) is currently 0.88%.

About GFL Environmental

GFL Environmental Inc is a leading North American provider of diversified environmental services, offering comprehensive solutions across solid waste management, liquid waste management, soil remediation and infrastructure services. The company’s core business activities include residential, commercial and industrial waste collection, recycling, composting and landfill management. In addition to traditional waste services, GFL provides specialized liquid waste hauling, treatment and disposal services as well as environmental consulting to support industrial and municipal clients in meeting regulatory and sustainability goals.

Founded in 2007 by entrepreneur Patrick Dovigi, GFL Environmental has pursued an aggressive growth strategy driven by strategic acquisitions and organic expansion.