Vanguard Group Inc. Raises Stake in GFL Environmental Inc. $GFL

Vanguard Group Inc. increased its holdings in GFL Environmental Inc. (NYSE:GFL) by 1.5% in the third quarter, HoldingsChannel.com reports. The firm owned 11,059,655 shares of the company’s stock after buying an additional 166,175 shares during the quarter. Vanguard Group Inc.’s holdings in GFL Environmental were worth $524,170,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Berbice Capital Management LLC purchased a new stake in GFL Environmental in the second quarter valued at approximately $25,000. EverSource Wealth Advisors LLC increased its stake in shares of GFL Environmental by 43.1% during the second quarter. EverSource Wealth Advisors LLC now owns 727 shares of the company’s stock worth $37,000 after acquiring an additional 219 shares during the period. Compass Financial Services Inc boosted its stake in shares of GFL Environmental by 63.0% in the second quarter. Compass Financial Services Inc now owns 820 shares of the company’s stock valued at $41,000 after buying an additional 317 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of GFL Environmental by 21.9% in the third quarter. Jones Financial Companies Lllp now owns 1,606 shares of the company’s stock valued at $75,000 after acquiring an additional 289 shares in the last quarter. Finally, First Horizon Corp acquired a new stake in GFL Environmental during the third quarter worth approximately $116,000. Institutional investors and hedge funds own 64.70% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on GFL. Royal Bank Of Canada boosted their target price on shares of GFL Environmental from $59.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Barclays raised their price target on shares of GFL Environmental from $62.00 to $63.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. UBS Group lifted their price objective on GFL Environmental from $58.00 to $60.00 and gave the company a “buy” rating in a report on Monday, November 10th. Weiss Ratings downgraded shares of GFL Environmental from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, February 9th. Finally, The Goldman Sachs Group began coverage on GFL Environmental in a research report on Monday, November 24th. They issued a “neutral” rating and a $50.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $56.67.

GFL Environmental Stock Up 0.1%

Shares of NYSE:GFL opened at $42.31 on Wednesday. GFL Environmental Inc. has a 52-week low of $40.83 and a 52-week high of $52.00. The firm has a market cap of $15.14 billion, a P/E ratio of 6.22, a PEG ratio of 3.29 and a beta of 0.88. The business’s 50 day simple moving average is $43.03 and its two-hundred day simple moving average is $45.17. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.58 and a current ratio of 0.58.

GFL Environmental (NYSE:GFL) last released its quarterly earnings results on Wednesday, February 11th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.12. GFL Environmental had a net margin of 56.61% and a return on equity of 3.66%. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period in the previous year, the company earned ($0.58) earnings per share. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, research analysts forecast that GFL Environmental Inc. will post 0.58 EPS for the current fiscal year.

GFL Environmental Announces Dividend

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

GFL Environmental 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.