30,905 Shares in GFL Environmental Inc. $GFL Acquired by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR purchased a new position in shares of GFL Environmental Inc. (NYSE:GFL) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 30,905 shares of the company’s stock, valued at approximately $1,327,000.

Several other hedge funds have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA lifted its holdings in GFL Environmental by 9.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 11,201,976 shares of the company’s stock worth $481,125,000 after purchasing an additional 977,344 shares during the last quarter. Vanguard Group Inc. raised its holdings in GFL Environmental by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 11,156,675 shares of the company’s stock valued at $479,255,000 after acquiring an additional 97,020 shares in the last quarter. Pictet Asset Management Holding SA raised its holdings in GFL Environmental by 2.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 8,511,198 shares of the company’s stock valued at $365,595,000 after acquiring an additional 185,169 shares in the last quarter. Nordea Investment Management AB raised its holdings in GFL Environmental by 40.8% in the 4th quarter. Nordea Investment Management AB now owns 6,673,954 shares of the company’s stock valued at $290,083,000 after acquiring an additional 1,932,442 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in GFL Environmental by 25.5% in the 3rd quarter. American Century Companies Inc. now owns 6,023,139 shares of the company’s stock valued at $285,377,000 after acquiring an additional 1,225,108 shares in the last quarter. 64.70% of the stock is owned by institutional investors and hedge funds.

GFL Environmental Trading Up 0.1%

Shares of GFL opened at $36.77 on Monday. GFL Environmental Inc. has a 52-week low of $36.17 and a 52-week high of $51.51. The business’s fifty day moving average is $41.66 and its 200-day moving average is $43.03. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.51 and a current ratio of 1.51. The firm has a market cap of $13.16 billion, a price-to-earnings ratio of 114.92, a PEG ratio of 2.68 and a beta of 0.78.

GFL Environmental (NYSE:GFL) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01. GFL Environmental had a return on equity of 4.53% and a net margin of 3.09%.The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the company posted ($0.09) EPS. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. Equities analysts anticipate that GFL Environmental Inc. will post 0.58 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. Stockholders of record on Monday, April 13th were paid a $0.0169 dividend. This represents a $0.07 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Monday, April 13th. This is a positive change from GFL Environmental’s previous quarterly dividend of $0.02. GFL Environmental’s dividend payout ratio is 21.88%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GFL. Scotiabank dropped their price objective on GFL Environmental from $56.00 to $52.00 and set a “sector outperform” rating for the company in a report on Monday, May 4th. Royal Bank Of Canada lifted their price objective on GFL Environmental from $59.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. Weiss Ratings cut GFL Environmental from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 1st. Wolfe Research began coverage on GFL Environmental in a report on Friday, March 13th. They issued an “outperform” rating for the company. Finally, JPMorgan Chase & Co. cut GFL Environmental from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $49.00 to $42.00 in a report on Tuesday, April 14th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.