Munro Partners Has $28.28 Million Stock Holdings in GFL Environmental Inc. $GFL

by · The Markets Daily

Munro Partners boosted its holdings in shares of GFL Environmental Inc. (NYSE:GFL – Free Report) by 90.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 658,407 shares of the company’s stock after buying an additional 313,515 shares during the period. Munro Partners’ holdings in GFL Environmental were worth $28,279,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp raised its holdings in shares of GFL Environmental by 684.5% in the first quarter. Jones Financial Companies Lllp now owns 2,573 shares of the company’s stock valued at $124,000 after purchasing an additional 2,245 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of GFL Environmental by 94.1% in the first quarter. Goldman Sachs Group Inc. now owns 714,438 shares of the company’s stock valued at $34,514,000 after purchasing an additional 346,394 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of GFL Environmental by 3.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 458,936 shares of the company’s stock valued at $22,171,000 after purchasing an additional 14,252 shares during the last quarter. Invesco Ltd. raised its holdings in shares of GFL Environmental by 22.7% in the second quarter. Invesco Ltd. now owns 86,967 shares of the company’s stock valued at $4,388,000 after purchasing an additional 16,096 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised 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 during the last quarter. Institutional investors and hedge funds own 64.70% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Scotiabank lowered their target price on shares of GFL Environmental from $56.00 to $52.00 and set a “sector outperform” rating for the company in a report on Monday, May 4th. 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 reiterated an “outperform” rating on shares of GFL Environmental in a report on Wednesday, May 13th. Weiss Ratings downgraded shares of GFL Environmental from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, May 15th. Finally, Zacks Research downgraded 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 assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, GFL Environmental has a consensus rating of “Moderate Buy” and a consensus target price of $55.00.

Check Out Our Latest Stock Report on GFL Environmental

GFL Environmental Price Performance

GFL opened at $35.99 on Tuesday. The firm has a market cap of $12.91 billion, a P/E ratio of 112.46, a PEG ratio of 2.80 and a beta of 0.72. The firm has a 50-day moving average of $37.94 and a 200 day moving average of $41.34. 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 fifty-two week low of $33.33 and a fifty-two week high of $51.51.

GFL Environmental (NYSE:GFL – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.17 billion. GFL Environmental had a net margin of 3.09% and a return on equity of 4.53%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.09) earnings per share. On average, research analysts expect that GFL Environmental Inc. will post 0.54 EPS for the current year.

GFL Environmental Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Monday, April 13th were given a dividend of $0.0169 per share. The ex-dividend date was Monday, April 13th. This is an increase from GFL Environmental’s previous quarterly dividend of $0.02. This represents a $0.07 annualized dividend and a yield of 0.2%. GFL Environmental’s dividend payout ratio (DPR) is currently 21.88%.

About GFL Environmental

(Free Report)

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.

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