TD Waterhouse Canada Inc. Has $2.15 Million Holdings in GFL Environmental Inc. $GFL

TD Waterhouse Canada Inc. trimmed its stake in shares of GFL Environmental Inc. (NYSE:GFL) by 40.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,362 shares of the company’s stock after selling 32,089 shares during the period. TD Waterhouse Canada Inc.’s holdings in GFL Environmental were worth $2,149,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Norges Bank acquired a new stake in shares of GFL Environmental in the second quarter valued at approximately $171,945,000. CIBC Asset Management Inc boosted its position in GFL Environmental by 30.1% in the 2nd quarter. CIBC Asset Management Inc now owns 4,015,118 shares of the company’s stock valued at $202,625,000 after buying an additional 927,798 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in GFL Environmental by 94.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 714,438 shares of the company’s stock valued at $34,514,000 after buying an additional 346,394 shares during the last quarter. American Century Companies Inc. increased its stake in shares of GFL Environmental by 6.3% in the 2nd quarter. American Century Companies Inc. now owns 4,798,031 shares of the company’s stock valued at $242,109,000 after buying an additional 282,729 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of GFL Environmental during the second quarter worth $13,600,000. 64.70% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GFL. Citigroup decreased their price target on GFL Environmental from $58.00 to $56.00 and set a “buy” rating on the stock in a report on Friday, January 16th. Raymond James Financial set a $57.00 target price on shares of GFL Environmental and gave the company an “outperform” rating in a research report on Monday, October 6th. JPMorgan Chase & Co. lifted their price target on shares of GFL Environmental from $46.75 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Weiss Ratings reissued a “buy (b-)” rating on shares of GFL Environmental in a research note on Monday, December 29th. Finally, Wells Fargo & Company started coverage on shares of GFL Environmental in a research note on Thursday, November 13th. They issued an “overweight” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $56.56.

GFL Environmental Price Performance

Shares of GFL opened at $42.96 on Friday. The stock has a market cap of $15.43 billion, a P/E ratio of 6.73 and a beta of 0.88. GFL Environmental Inc. has a 1 year low of $40.83 and a 1 year high of $52.00. The stock’s 50-day moving average price is $43.67 and its two-hundred day moving average price is $45.90. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.98.

GFL Environmental (NYSE:GFL) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.17 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 the consensus estimate 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 was up 9.0% compared to the same quarter last year. During the same period last year, the company earned $0.33 earnings per share. On average, equities analysts predict that GFL Environmental Inc. will post 0.58 earnings per share for the current year.

GFL Environmental Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Tuesday, January 13th were issued a $0.0154 dividend. The ex-dividend date was Tuesday, January 13th. This represents a $0.06 annualized dividend and a yield of 0.1%. GFL Environmental’s dividend payout ratio (DPR) is 0.94%.

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.