GFL Environmental Inc. $GFL Shares Acquired by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. boosted its holdings in GFL Environmental Inc. (NYSE:GFL) by 30.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 976,062 shares of the company’s stock after acquiring an additional 230,199 shares during the period. GFL Environmental accounts for 1.4% of Schwartz Investment Counsel Inc.’s holdings, making the stock its 21st biggest position. Schwartz Investment Counsel Inc.’s holdings in GFL Environmental were worth $40,829,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in GFL. Bank of America Corp DE boosted its position in GFL Environmental by 43.8% during the first quarter. Bank of America Corp DE now owns 1,847,166 shares of the company’s stock worth $77,064,000 after purchasing an additional 563,001 shares during the period. Verbena Value LP raised its position in shares of GFL Environmental by 44.7% in the first quarter. Verbena Value LP now owns 1,211,100 shares of the company’s stock valued at $50,527,000 after purchasing an additional 374,000 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of GFL Environmental by 68.7% in the first quarter. The Manufacturers Life Insurance Company now owns 1,158,643 shares of the company’s stock valued at $48,309,000 after purchasing an additional 471,935 shares during the period. QV Investors Inc. bought a new position in shares of GFL Environmental in the third quarter valued at about $44,887,000. Finally, Advent International L.P. raised its position in shares of GFL Environmental by 117.1% in the first quarter. Advent International L.P. now owns 823,010 shares of the company’s stock valued at $34,336,000 after purchasing an additional 443,918 shares during the period. Institutional investors and hedge funds own 64.70% of the company’s stock.

GFL Environmental Stock Performance

NYSE GFL opened at $45.03 on Wednesday. The business has a fifty day moving average price of $42.51 and a two-hundred day moving average price of $40.80. GFL Environmental Inc. has a fifty-two week low of $33.33 and a fifty-two week high of $46.76.

GFL Environmental (NYSE:GFL) last released its earnings results on Wednesday, July 29th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the previous year, the company posted $0.26 EPS. The firm’s revenue was up 16.3% on a year-over-year basis. As a group, research analysts predict that GFL Environmental Inc. will post 0.55 EPS for the current fiscal year.

GFL Environmental Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, October 14th will be issued a dividend of $0.0169 per share. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a $0.07 annualized dividend and a dividend yield of 0.2%.

Analyst Ratings Changes

A number of research firms have recently issued reports on GFL. 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. Scotiabank decreased their price target on shares of GFL Environmental from $57.00 to $55.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 15th. JPMorgan Chase & Co. upped their price target on shares of GFL Environmental from $41.00 to $42.00 and gave the company an “underweight” rating in a research note on Wednesday, October 21st. BMO Capital Markets reissued a “market perform” rating on shares of GFL Environmental in a report on Thursday, October 15th. Finally, Barclays started coverage on shares of GFL Environmental in a research report on Wednesday, September 2nd. They set an “overweight” rating and a $58.00 price objective for the company. Nine investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, GFL Environmental currently has a consensus rating of “Moderate Buy” and an average price target of $57.56.

GFL Environmental Company Profile

GFL Environmental Inc is a Canadian environmental services company that provides waste management and related infrastructure services to municipal, residential, commercial, industrial and institutional customers. The company’s operations include the collection, transfer, processing, recycling and disposal of non-hazardous solid waste, as well as organics and other resource-recovery services.

GFL also provides infrastructure and soil remediation services, including the management of contaminated materials and related environmental projects.