Norwood Investment Partners LP purchased a new stake in GFL Environmental Inc. (NYSE:GFL - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 220,000 shares of the company's stock, valued at approximately $10,628,000. GFL Environmental accounts for approximately 9.5% of Norwood Investment Partners LP's investment portfolio, making the stock its 4th biggest position. Norwood Investment Partners LP owned 0.06% of GFL Environmental as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Millstone Evans Group LLC raised its stake in shares of GFL Environmental by 147.8% during the 1st quarter. Millstone Evans Group LLC now owns 560 shares of the company's stock worth $27,000 after purchasing an additional 334 shares in the last quarter. Bessemer Group Inc. bought a new position in shares of GFL Environmental in the 1st quarter valued at approximately $28,000. LRI Investments LLC bought a new position in shares of GFL Environmental in the 1st quarter valued at approximately $34,000. Natixis bought a new position in shares of GFL Environmental in the 4th quarter valued at approximately $49,000. Finally, Harbor Investment Advisory LLC bought a new position in shares of GFL Environmental in the 1st quarter valued at approximately $53,000. Institutional investors and hedge funds own 64.70% of the company's stock.
GFL Environmental Price Performance
GFL stock traded up $0.18 during trading on Friday, hitting $48.21. The company had a trading volume of 590,618 shares, compared to its average volume of 1,156,899. The company has a fifty day moving average price of $49.03 and a two-hundred day moving average price of $47.38. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.89. The company has a market cap of $17.68 billion, a P/E ratio of 9.88 and a beta of 1.03. GFL Environmental Inc. has a fifty-two week low of $37.00 and a fifty-two week high of $52.00.
GFL Environmental (NYSE:GFL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.10). The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.52 billion. GFL Environmental had a net margin of 36.01% and a return on equity of 3.93%. The firm's revenue for the quarter was down 13.4% on a year-over-year basis. Equities research analysts expect that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.
GFL Environmental Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, July 14th will be paid a $0.0154 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.13%. GFL Environmental's dividend payout ratio is currently 1.23%.
Analysts Set New Price Targets
GFL has been the topic of several recent analyst reports. Seaport Res Ptn raised GFL Environmental to a "strong-buy" rating in a research report on Tuesday, May 6th. JPMorgan Chase & Co. assumed coverage on GFL Environmental in a report on Friday, May 23rd. They set a "neutral" rating and a $54.00 price objective on the stock. Raymond James Financial reissued an "outperform" rating and set a $57.00 price objective (up previously from $56.00) on shares of GFL Environmental in a report on Friday, May 2nd. National Bank Financial raised GFL Environmental to a "strong-buy" rating in a report on Monday, May 26th. Finally, Truist Financial lifted their price objective on GFL Environmental from $54.00 to $58.00 and gave the stock a "buy" rating in a report on Wednesday, April 2nd. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, GFL Environmental presently has an average rating of "Buy" and a consensus price target of $56.29.
Read Our Latest Stock Report on GFL Environmental
About GFL Environmental
(
Free Report)
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.
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