Robeco Schweiz AG Has $29.09 Million Stock Holdings in GFL Environmental Inc. $GFL

Robeco Schweiz AG increased its holdings in shares of GFL Environmental Inc. (NYSE:GFL) by 13.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 613,949 shares of the company’s stock after acquiring an additional 71,686 shares during the period. Robeco Schweiz AG’s holdings in GFL Environmental were worth $29,089,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Berbice Capital Management LLC acquired a new stake in GFL Environmental during the second quarter valued at approximately $25,000. EverSource Wealth Advisors LLC boosted its stake in GFL Environmental by 43.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 727 shares of the company’s stock valued at $37,000 after buying an additional 219 shares in the last quarter. Compass Financial Services Inc grew its position in 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 acquiring an additional 317 shares during the period. Oliver Lagore Vanvalin Investment Group acquired a new position in GFL Environmental during the second quarter worth $90,000. Finally, First Horizon Corp bought a new position in shares of GFL Environmental during the third quarter valued at $116,000. Institutional investors and hedge funds own 64.70% of the company’s stock.

GFL Environmental Stock Performance

Shares of NYSE:GFL opened at $42.35 on Wednesday. The stock has a market capitalization of $15.21 billion, a P/E ratio of 6.64 and a beta of 0.88. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.98. GFL Environmental Inc. has a 1-year low of $40.83 and a 1-year high of $52.00. The business has a 50-day moving average price of $43.94 and a two-hundred day moving average price of $46.33.

GFL Environmental (NYSE:GFL) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). GFL Environmental had a net margin of 50.99% and a return on equity of 3.06%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same period in the previous year, the business posted $0.33 earnings per share. GFL Environmental’s revenue was up 9.0% compared to the same quarter last year. Equities analysts predict that GFL Environmental Inc. will post 0.58 earnings per share for the current year.

GFL Environmental Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Tuesday, January 13th will be issued a $0.0154 dividend. The ex-dividend date is Tuesday, January 13th. This represents a $0.06 annualized dividend and a yield of 0.1%. GFL Environmental’s dividend payout ratio (DPR) is 0.94%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on GFL shares. The Goldman Sachs Group initiated coverage on shares of GFL Environmental in a report on Monday, November 24th. They set a “neutral” rating and a $50.00 price target for the company. JPMorgan Chase & Co. dropped their price target on GFL Environmental from $54.00 to $46.75 and set a “neutral” rating for the company in a report on Friday, November 7th. Weiss Ratings restated a “buy (b-)” rating on shares of GFL Environmental in a report on Monday, December 29th. Stifel Nicolaus started coverage on GFL Environmental in a research note on Tuesday, September 30th. They issued a “buy” rating for the company. Finally, Barclays assumed coverage on shares of GFL Environmental in a research report on Friday, September 19th. They set an “overweight” rating and a $62.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $57.08.

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.