S&CO Inc. Buys 61,345 Shares of GFL Environmental Inc. $GFL

S&CO Inc. boosted its stake in GFL Environmental Inc. (NYSE:GFL) by 53.7% during the third quarter, Holdings Channel reports. The institutional investor owned 175,605 shares of the company’s stock after buying an additional 61,345 shares during the period. S&CO Inc.’s holdings in GFL Environmental were worth $8,320,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Generate Investment Management Ltd bought a new stake in shares of GFL Environmental in the third quarter valued at approximately $7,891,000. Munro Partners bought a new position in GFL Environmental in the 2nd quarter valued at about $12,926,000. JPMorgan Chase & Co. increased its stake in GFL Environmental by 11.8% in the second quarter. JPMorgan Chase & Co. now owns 994,849 shares of the company’s stock valued at $50,200,000 after acquiring an additional 105,186 shares during the last quarter. Intech Investment Management LLC acquired a new position in GFL Environmental during the second quarter valued at approximately $457,000. Finally, Korea Investment CORP lifted its stake in GFL Environmental by 90.1% during the second quarter. Korea Investment CORP now owns 117,099 shares of the company’s stock worth $5,899,000 after purchasing an additional 55,500 shares during the last quarter. Institutional investors own 64.70% of the company’s stock.

GFL Environmental Stock Performance

Shares of GFL stock opened at $43.10 on Tuesday. The stock has a market capitalization of $15.48 billion, a PE ratio of 6.76 and a beta of 0.88. The business’s 50 day simple moving average is $43.36 and its 200 day simple moving average is $45.69. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.69 and a quick ratio of 0.69. GFL Environmental Inc. has a one year low of $40.83 and a one year high of $52.00.

GFL Environmental Announces Dividend

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 is presently 0.94%.

Wall Street Analyst Weigh In

GFL has been the subject of a number of research analyst reports. Wells Fargo & Company initiated coverage on GFL Environmental in a report on Thursday, November 13th. They set an “overweight” rating for the company. Scotiabank reiterated an “outperform” rating on shares of GFL Environmental in a research report on Wednesday, January 21st. UBS Group upped their price target on shares of GFL Environmental from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, November 10th. JPMorgan Chase & Co. increased their price target on GFL Environmental from $46.75 to $48.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of GFL Environmental in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $56.56.

GFL Environmental Company Profile

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.