GFL Environmental Inc. $GFL is Verde Servicos Internacionais S.A.’s 5th Largest Position

Verde Servicos Internacionais S.A. boosted its position in GFL Environmental Inc. (NYSE:GFL) by 84.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 318,506 shares of the company’s stock after acquiring an additional 145,931 shares during the quarter. GFL Environmental accounts for about 4.3% of Verde Servicos Internacionais S.A.’s holdings, making the stock its 5th biggest holding. Verde Servicos Internacionais S.A. owned 0.09% of GFL Environmental worth $15,091,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its holdings in GFL Environmental by 684.5% in the first quarter. Jones Financial Companies Lllp now owns 2,573 shares of the company’s stock valued at $124,000 after buying an additional 2,245 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of GFL Environmental by 94.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 714,438 shares of the company’s stock worth $34,514,000 after acquiring an additional 346,394 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of GFL Environmental by 3.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 458,936 shares of the company’s stock valued at $22,171,000 after acquiring an additional 14,252 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of GFL Environmental by 4.2% in the 2nd quarter. Janney Montgomery Scott LLC now owns 17,372 shares of the company’s stock valued at $877,000 after acquiring an additional 696 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in GFL Environmental by 28.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 13,783 shares of the company’s stock worth $695,000 after purchasing an additional 3,063 shares during the last quarter. Institutional investors and hedge funds own 64.70% of the company’s stock.

Analyst Upgrades and Downgrades

GFL has been the topic of several recent analyst reports. Citigroup dropped their price target on shares of GFL Environmental from $58.00 to $56.00 and set a “buy” rating on the stock in a research note on Friday, January 16th. JPMorgan Chase & Co. boosted their price target on shares of GFL Environmental from $46.75 to $48.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Weiss Ratings downgraded shares of GFL Environmental from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. The Goldman Sachs Group assumed coverage on GFL Environmental in a research report on Monday, November 24th. They set a “neutral” rating and a $50.00 target price on the stock. Finally, Wells Fargo & Company started coverage on GFL Environmental in a research report on Thursday, November 13th. They issued an “overweight” rating for the company. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, GFL Environmental currently has a consensus rating of “Moderate Buy” and an average target price of $56.56.

GFL Environmental Stock Performance

Shares of GFL stock opened at $44.08 on Thursday. The stock’s 50-day moving average price is $43.31 and its 200 day moving average price is $45.64. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $15.83 billion, a PE ratio of 6.91 and a beta of 0.88. GFL Environmental Inc. has a 52-week low of $40.83 and a 52-week high of $52.00.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.12. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.67 billion. GFL Environmental had a return on equity of 3.06% and a net margin of 50.99%.The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the firm earned ($0.58) EPS. As a group, equities research analysts forecast that GFL Environmental Inc. will post 0.58 EPS for the current year.

GFL Environmental Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Shareholders 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 dividend on an annualized basis and a yield of 0.1%. GFL Environmental’s dividend payout ratio is presently 0.94%.

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.