166,550 Shares in GFL Environmental Inc. $GFL Acquired by Generate Investment Management Ltd

Generate Investment Management Ltd bought a new stake in GFL Environmental Inc. (NYSE:GFL) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 166,550 shares of the company’s stock, valued at approximately $7,891,000.

A number of other hedge funds also recently bought and sold shares of GFL. SRH Advisors LLC raised its position in shares of GFL Environmental by 12.5% during the 3rd quarter. SRH Advisors LLC now owns 4,500 shares of the company’s stock worth $213,000 after acquiring an additional 500 shares in the last quarter. Munro Partners grew its position in shares of GFL Environmental by 34.6% in the 3rd quarter. Munro Partners now owns 344,892 shares of the company’s stock valued at $16,341,000 after buying an additional 88,725 shares during the last quarter. Boussard & Gavaudan Investment Management LLP raised its stake in GFL Environmental by 14.3% during the 2nd quarter. Boussard & Gavaudan Investment Management LLP now owns 66,058 shares of the company’s stock worth $3,299,000 after acquiring an additional 8,288 shares in the last quarter. Hudson Bay Capital Management LP boosted its stake in GFL Environmental by 823.0% in the second quarter. Hudson Bay Capital Management LP now owns 197,366 shares of the company’s stock valued at $9,959,000 after acquiring an additional 224,666 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its holdings in shares of GFL Environmental by 10.2% during the second quarter. CANADA LIFE ASSURANCE Co now owns 96,188 shares of the company’s stock worth $4,803,000 after purchasing an additional 8,898 shares during the last quarter. Institutional investors and hedge funds own 64.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GFL. Citigroup upped their target price on shares of GFL Environmental from $58.00 to $61.00 and gave the company a “buy” rating in a report on Wednesday, September 17th. Barclays started coverage on GFL Environmental in a research note on Friday, September 19th. They set an “overweight” rating and a $62.00 price objective for the company. Stifel Nicolaus initiated coverage on GFL Environmental in a research note on Tuesday, September 30th. They issued a “buy” rating on the stock. Raymond James Financial set a $57.00 price target on GFL Environmental and gave the stock an “outperform” rating in a research note on Monday, October 6th. Finally, UBS Group lifted their price objective on shares of GFL Environmental from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, November 10th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $57.08.

GFL Environmental Trading Down 0.4%

Shares of GFL opened at $43.67 on Wednesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.69 and a quick ratio of 0.69. GFL Environmental Inc. has a 12 month low of $41.29 and a 12 month high of $52.00. The stock has a market cap of $15.68 billion, a PE ratio of 6.85 and a beta of 0.89. The stock’s 50-day moving average is $44.37 and its two-hundred day moving average is $46.84.

GFL Environmental (NYSE:GFL) last issued its earnings results on Wednesday, November 5th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.69 billion. GFL Environmental had a net margin of 50.99% and a return on equity of 3.06%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.33 EPS. Equities analysts forecast that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Dividend Announcement

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