293,524 Shares in GFL Environmental Inc. $GFL Bought by S&CO Inc.

Key Points

• S&CO Inc. purchased 293,524 shares of GFL Environmental in the second quarter, valued at approximately $10.8 million and representing about 0.08% of the company. Institutional investors and hedge funds collectively own 64.70% of GFL.
• GFL reported quarterly revenue of $1.37 billion, up 16.3% year over year and above analyst estimates, but adjusted EPS of $0.14 missed expectations of $0.17. The company posted a negative net margin of 3.28%.
• Analyst sentiment remains a “Moderate Buy,” with 11 Buy, two Hold and two Sell ratings and an average price target of $54.75, above the cited share price of $41.92. GFL also pays a quarterly dividend of $0.0169, equivalent to a 0.2% yield.

S&CO Inc. purchased a new stake in GFL Environmental Inc. (NYSE:GFL - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 293,524 shares of the company's stock, valued at approximately $10,798,000. S&CO Inc. owned about 0.08% of GFL Environmental at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd purchased a new position in shares of GFL Environmental during the fourth quarter worth about $25,000. Whipplewood Advisors LLC acquired a new stake in shares of GFL Environmental during the first quarter worth about $32,000. Sunbelt Securities Inc. purchased a new stake in shares of GFL Environmental in the 3rd quarter valued at about $33,000. EverSource Wealth Advisors LLC lifted its holdings in shares of GFL Environmental by 43.1% in the 2nd 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. Finally, Caitong International Asset Management Co. Ltd boosted its position in shares of GFL Environmental by 45.2% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 976 shares of the company's stock valued at $46,000 after purchasing an additional 304 shares during the period. Institutional investors and hedge funds own 64.70% of the company's stock.

GFL Environmental Price Performance

Shares of GFL opened at $41.92 on Friday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.75 and a current ratio of 0.75. GFL Environmental Inc. has a fifty-two week low of $33.33 and a fifty-two week high of $51.40. The firm has a 50-day simple moving average of $38.73 and a 200-day simple moving average of $39.98. The company has a market capitalization of $15.13 billion, a price-to-earnings ratio of -79.10, a price-to-earnings-growth ratio of 2.72 and a beta of 0.68.

GFL Environmental (NYSE:GFL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.03). The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.33 billion. GFL Environmental had a negative net margin of 3.28% and a positive return on equity of 4.14%. The business's revenue was up 16.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.26 EPS. On average, equities research analysts anticipate that GFL Environmental Inc. will post 0.65 earnings per share for the current year.

GFL Environmental Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Monday, July 13th were paid a $0.0169 dividend. This represents a $0.07 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Monday, July 13th. GFL Environmental's dividend payout ratio (DPR) is -13.21%.

Wall Street Analysts Forecast Growth

GFL has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price target on GFL Environmental from $40.00 to $41.00 and gave the stock an "underweight" rating in a research note on Thursday, July 16th. Scotiabank reiterated an "outperform" rating on shares of GFL Environmental in a research note on Friday, July 31st. Weiss Ratings downgraded GFL Environmental from a "sell (d+)" rating to a "sell (d)" rating in a report on Wednesday. Canadian Imperial Bank of Commerce restated an "outperform" rating on shares of GFL Environmental in a research report on Friday, July 31st. Finally, Citigroup set a $51.00 target price on shares of GFL Environmental and gave the stock a "buy" rating in a research report on Monday, July 6th. Eleven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, GFL Environmental has an average rating of "Moderate Buy" and an average price target of $54.75.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source