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

Norwood Investment Partners LP lifted its stake in GFL Environmental Inc. (NYSE:GFL) by 12.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 297,920 shares of the company’s stock after purchasing an additional 33,120 shares during the period. GFL Environmental accounts for 14.4% of Norwood Investment Partners LP’s portfolio, making the stock its 2nd largest position. Norwood Investment Partners LP owned 0.08% of GFL Environmental worth $12,796,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Aster Capital Management DIFC Ltd acquired a new stake in shares of GFL Environmental in the fourth quarter valued at approximately $25,000. Sunbelt Securities Inc. acquired a new stake in shares of GFL Environmental in the third quarter valued at approximately $33,000. EverSource Wealth Advisors LLC increased its holdings in shares of GFL Environmental by 43.1% in the second quarter. EverSource Wealth Advisors LLC now owns 727 shares of the company’s stock valued at $37,000 after purchasing an additional 219 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of GFL Environmental by 45.2% in the third quarter. Caitong International Asset Management Co. Ltd now owns 976 shares of the company’s stock valued at $46,000 after purchasing an additional 304 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in shares of GFL Environmental by 21.9% in the third quarter. Jones Financial Companies Lllp now owns 1,606 shares of the company’s stock valued at $75,000 after purchasing an additional 289 shares in the last quarter. Institutional investors and hedge funds own 64.70% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on GFL shares. Wolfe Research started coverage on shares of GFL Environmental in a report on Friday, March 13th. They issued an “outperform” rating for the company. Weiss Ratings lowered shares of GFL Environmental from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, May 15th. Citigroup lowered their target price on shares of GFL Environmental from $55.00 to $51.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of GFL Environmental in a report on Wednesday, May 13th. Finally, Zacks Research lowered shares of GFL Environmental from a “strong-buy” rating to a “hold” rating in a report on Friday, May 22nd. Twelve equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, GFL Environmental currently has a consensus rating of “Moderate Buy” and an average price target of $55.00.

GFL Environmental Price Performance

GFL opened at $36.13 on Wednesday. The company has a fifty day moving average price of $37.77 and a two-hundred day moving average price of $41.28. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.51 and a current ratio of 1.51. GFL Environmental Inc. has a 52 week low of $33.33 and a 52 week high of $51.51. The firm has a market capitalization of $12.96 billion, a PE ratio of 112.91, a P/E/G ratio of 2.79 and a beta of 0.71.

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

GFL Environmental Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Monday, April 13th were issued a $0.0169 dividend. This is a positive change 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 dividend yield of 0.2%. GFL Environmental’s dividend payout ratio (DPR) is presently 21.88%.

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.