GFL Environmental Inc. $GFL Shares Newly Bought by Verde Servicos Internacionais S.A.

Verde Servicos Internacionais S.A. acquired a new stake in GFL Environmental Inc. (NYSE:GFL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 217,118 shares of the company’s stock, valued at approximately $9,082,000. GFL Environmental accounts for approximately 3.1% of Verde Servicos Internacionais S.A.’s holdings, making the stock its 14th largest position. Verde Servicos Internacionais S.A. owned about 0.06% of GFL Environmental as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in GFL. EverSource Wealth Advisors LLC increased its position in shares of GFL Environmental by 36.9% during the first 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 period. Signaturefd LLC grew its stake in GFL Environmental by 17.7% in the third quarter. Signaturefd LLC now owns 3,119 shares of the company’s stock worth $130,000 after purchasing an additional 468 shares in the last quarter. MQS Management LLC grew its stake in GFL Environmental by 8.8% in the first quarter. MQS Management LLC now owns 7,815 shares of the company’s stock worth $326,000 after purchasing an additional 634 shares in the last quarter. Versant Capital Management Inc grew its stake in GFL Environmental by 40.4% in the third quarter. Versant Capital Management Inc now owns 2,527 shares of the company’s stock worth $106,000 after purchasing an additional 727 shares in the last quarter. Finally, Whipplewood Advisors LLC purchased a new position in GFL Environmental during the 1st quarter worth $32,000. 64.70% of the stock is currently owned by institutional investors.

GFL Environmental Trading Down 1.4%

NYSE GFL opened at $45.03 on Wednesday. The company has a 50 day moving average price of $42.51 and a 200 day moving average price of $40.80. GFL Environmental Inc. has a 52 week low of $33.33 and a 52 week high of $46.76.

GFL Environmental (NYSE:GFL) last announced its earnings results on Wednesday, July 29th. The company reported $0.14 earnings per share 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. The firm’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same period last year, the business posted $0.26 EPS. As a group, equities analysts forecast that GFL Environmental Inc. will post 0.55 EPS for the current year.

GFL Environmental Dividend Announcement

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 given a dividend of $0.0169 per share. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.2%.

Analysts Set New Price Targets

A number of brokerages have weighed in on GFL. Scotiabank decreased their target price 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. JPMorgan Chase & Co. upped their target price on GFL Environmental from $41.00 to $42.00 and gave the stock an “underweight” rating in a report on Wednesday, October 21st. Wolfe Research started coverage on GFL Environmental in a research report on Tuesday, September 15th. They set an “outperform” rating and a $77.00 price target on the stock. TD Cowen reissued a “buy” rating and set a $65.00 target price on shares of GFL Environmental in a research report on Friday, September 11th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of GFL Environmental in a research note on Monday, August 31st. Nine equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $57.56.

GFL Environmental 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.