GFL Environmental Inc. $GFL Shares Purchased by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd raised its position in GFL Environmental Inc. (NYSE:GFL) by 50.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 117,967 shares of the company’s stock after purchasing an additional 39,583 shares during the quarter. UniSuper Management Pty Ltd’s holdings in GFL Environmental were worth $5,589,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in shares of 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 buying an additional 219 shares during the period. AGP Franklin LLC raised its position in GFL Environmental by 3.7% in the second quarter. AGP Franklin LLC now owns 7,427 shares of the company’s stock valued at $375,000 after purchasing an additional 262 shares during the period. Compass Financial Services Inc lifted its stake in shares of GFL Environmental by 63.0% in 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 last quarter. Engineers Gate Manager LP grew its holdings in shares of GFL Environmental by 6.8% during the 2nd quarter. Engineers Gate Manager LP now owns 5,187 shares of the company’s stock worth $262,000 after purchasing an additional 331 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of GFL Environmental by 0.3% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 135,875 shares of the company’s stock worth $6,863,000 after purchasing an additional 341 shares during the last quarter. Hedge funds and other institutional investors own 64.70% of the company’s stock.

GFL Environmental Price Performance

GFL Environmental stock opened at $44.43 on Monday. 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 Inc. has a 52-week low of $40.83 and a 52-week high of $52.00. The firm has a market cap of $15.95 billion, a PE ratio of 6.96 and a beta of 0.88. The company’s 50 day moving average is $43.87 and its two-hundred day moving average is $46.03.

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

GFL Environmental Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Tuesday, January 13th will be issued a dividend of $0.0154 per share. The ex-dividend date is Tuesday, January 13th. This represents a $0.06 annualized dividend and a yield of 0.1%. GFL Environmental’s dividend payout ratio is 0.94%.

Analysts Set New Price Targets

GFL has been the topic of a number of recent analyst reports. Wells Fargo & Company initiated coverage on shares of GFL Environmental in a research report on Thursday, November 13th. They issued an “overweight” rating on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of GFL Environmental in a report on Monday, December 29th. Raymond James Financial set a $57.00 price objective on shares of GFL Environmental and gave the stock an “outperform” rating in a research report on Monday, October 6th. Scotiabank reissued an “outperform” rating on shares of GFL Environmental in a research report on Wednesday. Finally, JPMorgan Chase & Co. upped their price target on GFL Environmental from $46.75 to $48.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, GFL Environmental has an average rating of “Moderate Buy” and an average price target of $56.56.

About GFL Environmental

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.