Hood River Capital Management LLC Purchases 52,425 Shares of GFL Environmental Inc. $GFL

Hood River Capital Management LLC lifted its position in shares of GFL Environmental Inc. (NYSE:GFL) by 10.2% during the second quarter, Holdings Channel reports. The institutional investor owned 565,500 shares of the company’s stock after purchasing an additional 52,425 shares during the period. Hood River Capital Management LLC’s holdings in GFL Environmental were worth $28,535,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of GFL. Berbice Capital Management LLC bought a new stake in GFL Environmental during the second quarter valued at about $25,000. EverSource Wealth Advisors LLC raised its stake in GFL Environmental by 43.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 727 shares of the company’s stock valued at $37,000 after purchasing an additional 219 shares during the period. Compass Financial Services Inc raised its stake in GFL Environmental by 63.0% during the 2nd quarter. Compass Financial Services Inc now owns 820 shares of the company’s stock valued at $41,000 after purchasing an additional 317 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in GFL Environmental in the 1st quarter worth approximately $59,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new position in GFL Environmental in the 2nd quarter worth approximately $90,000. Hedge funds and other institutional investors own 64.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on GFL shares. The Goldman Sachs Group assumed coverage on shares of GFL Environmental in a research report on Monday, November 24th. They set a “neutral” rating and a $50.00 price objective on the stock. Raymond James Financial set a $57.00 price target on shares of GFL Environmental and gave the company an “outperform” rating in a report on Monday, October 6th. Barclays started coverage on shares of GFL Environmental in a report on Friday, September 19th. They set an “overweight” rating and a $62.00 price objective for the company. Stifel Nicolaus started coverage on GFL Environmental in a report on Tuesday, September 30th. They issued a “buy” rating on the stock. Finally, William Blair initiated coverage on GFL Environmental in a research report on Thursday, September 25th. They issued an “outperform” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $57.08.

GFL Environmental Price Performance

GFL stock opened at $44.67 on Monday. GFL Environmental Inc. has a 52 week low of $41.29 and a 52 week high of $52.00. The firm has a market capitalization of $16.23 billion, a P/E ratio of 7.00 and a beta of 0.89. The company has a fifty day simple moving average of $45.10 and a two-hundred day simple moving average of $47.55. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.98.

GFL Environmental (NYSE:GFL) last announced its earnings results on Wednesday, November 5th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter in the prior year, the company posted $0.33 earnings per share. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. Analysts anticipate that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th were issued a $0.0154 dividend. The ex-dividend date was Wednesday, October 15th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.1%. GFL Environmental’s payout ratio is 0.94%.

GFL Environmental Company Profile

GFL Environmental Inc offers non-hazardous solid waste management and environmental services in Canada and the United States. It offers solid waste management, liquid waste management, and soil remediation services, including collection, transportation, transfer, recycling, and disposal services for municipal, residential, and commercial, and industrial customers.