GFL Environmental Inc. $GFL Stock: Robeco Schweiz AG Grows Position

Robeco Schweiz AG raised its position in shares of GFL Environmental Inc. (NYSE:GFL) by 64.7% in the third quarter, HoldingsChannel reports. The firm owned 765,447 shares of the company’s stock after buying an additional 300,659 shares during the quarter. Robeco Schweiz AG’s holdings in GFL Environmental were worth $32,019,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Integrated Wealth Concepts LLC bought a new stake in GFL Environmental during the second quarter valued at approximately $31,000. Whipplewood Advisors LLC purchased a new position in shares of GFL Environmental during the 1st quarter worth $32,000. GAMMA Investing LLC boosted its stake in shares of GFL Environmental by 853.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,030 shares of the company’s stock worth $43,000 after acquiring an additional 922 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of GFL Environmental by 36.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,335 shares of the company’s stock worth $56,000 after acquiring an additional 360 shares during the last quarter. Finally, Parallel Advisors LLC grew its position in shares of GFL Environmental by 256.9% during the 1st quarter. Parallel Advisors LLC now owns 1,542 shares of the company’s stock valued at $64,000 after acquiring an additional 1,110 shares during the period. 64.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on GFL shares. Scotiabank reduced their price target on GFL Environmental from $57.00 to $55.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 15th. BMO Capital Markets reaffirmed a “market perform” rating on shares of GFL Environmental in a research report on Thursday, October 15th. Citigroup set a $51.00 price objective on GFL Environmental and gave the company a “buy” rating in a research report on Wednesday, October 14th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of GFL Environmental in a research note on Monday, August 31st. Finally, Barclays initiated coverage on shares of GFL Environmental in a report on Wednesday, September 2nd. They issued an “overweight” rating and a $58.00 target price for the company. Nine equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, GFL Environmental presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.56.

GFL Environmental Price Performance

Shares of GFL Environmental stock opened at $45.49 on Friday. The stock has a 50 day moving average of $42.40 and a 200 day moving average of $39.82. GFL Environmental Inc. has a 12 month low of $33.33 and a 12 month high of $46.76. The firm has a market cap of $16.42 billion, a PE ratio of -85.83, a PEG ratio of 3.52 and a beta of 0.72. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.34.

GFL Environmental (NYSE:GFL) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.03). The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.33 billion. GFL Environmental had a negative net margin of 3.28% and a positive return on equity of 4.14%. GFL Environmental’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.26 EPS. On average, research analysts expect that GFL Environmental Inc. will post 0.55 EPS for the current fiscal year.

GFL Environmental Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, October 14th will be issued a $0.0169 dividend. This represents a $0.07 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Wednesday, October 14th. GFL Environmental’s dividend payout ratio is presently -13.21%.

About GFL Environmental

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.