GFL Environmental Inc. $GFL Shares Bought by Norwood Investment Partners LP

Norwood Investment Partners LP grew its position in GFL Environmental Inc. (NYSE:GFL) by 12.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 297,920 shares of the company’s stock after acquiring an additional 33,120 shares during the period. GFL Environmental comprises approximately 14.4% of Norwood Investment Partners LP’s portfolio, making the stock its 2nd largest position. Norwood Investment Partners LP’s holdings in GFL Environmental were worth $12,796,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its holdings in shares of 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 during the period. Advisory Services Network LLC grew its holdings in shares of GFL Environmental by 4.1% in the 3rd quarter. Advisory Services Network LLC now owns 6,537 shares of the company’s stock valued at $310,000 after buying an additional 256 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of GFL Environmental by 21.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,606 shares of the company’s stock valued at $75,000 after buying an additional 289 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in shares of GFL Environmental by 45.2% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 976 shares of the company’s stock valued at $46,000 after buying an additional 304 shares during the period. Finally, Engineers Gate Manager LP grew its holdings in shares of GFL Environmental by 6.8% in the 2nd quarter. Engineers Gate Manager LP now owns 5,187 shares of the company’s stock valued at $262,000 after buying an additional 331 shares during the period. Institutional investors and hedge funds own 64.70% of the company’s stock.

GFL Environmental Trading Up 0.5%

GFL opened at $36.13 on Wednesday. The stock has a market capitalization of $12.96 billion, a P/E ratio of 112.91, a P/E/G ratio of 2.79 and a beta of 0.71. GFL Environmental Inc. has a 12 month low of $33.33 and a 12 month high of $51.51. The firm’s fifty day simple moving average is $37.77 and its 200 day simple moving average is $41.28. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.32.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.17 billion. GFL Environmental had a net margin of 3.09% and a return on equity of 4.53%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.09) EPS. As a group, research analysts anticipate that GFL Environmental Inc. will post 0.54 EPS for the current fiscal year.

GFL Environmental Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Monday, April 13th were given a dividend of $0.0169 per share. This is a boost from GFL Environmental’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Monday, April 13th. This represents a $0.07 annualized dividend and a yield of 0.2%. GFL Environmental’s payout ratio is presently 21.88%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Weiss Ratings cut shares of GFL Environmental from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 15th. JPMorgan Chase & Co. cut shares of GFL Environmental from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $49.00 to $42.00 in a research report on Tuesday, April 14th. Citigroup cut their price objective on shares of GFL Environmental from $55.00 to $51.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Zacks Research cut shares of GFL Environmental from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 22nd. Finally, Scotiabank cut their price objective on shares of GFL Environmental from $56.00 to $52.00 and set a “sector outperform” rating on the stock in a research report on Monday, May 4th. Twelve investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $55.00.

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.