AGP Franklin LLC Purchases Shares of 7,165 GFL Environmental Inc. (NYSE:GFL)

Key Points

• AGP Franklin LLC acquired 7,165 shares of GFL Environmental Inc. valued at approximately $351,000 during the 1st quarter.
• GFL's latest quarterly earnings showed a loss of $0.06 per share, missing estimates by $0.10 and representing a 13.4% decline in revenue year-over-year.
• Equities research analysts have upgraded GFL Environmental's price targets, with an average target now set at $56.29 and a consensus rating of "Buy."

AGP Franklin LLC acquired a new stake in GFL Environmental Inc. (NYSE:GFL - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 7,165 shares of the company's stock, valued at approximately $351,000.

A number of other institutional investors have also recently bought and sold shares of GFL. Millstone Evans Group LLC lifted its holdings 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 acquiring an additional 334 shares during the period. Bessemer Group Inc. bought a new stake in shares of GFL Environmental during the 1st quarter worth approximately $28,000. LRI Investments LLC bought a new stake in shares of GFL Environmental during the 1st quarter worth approximately $34,000. Natixis bought a new stake in shares of GFL Environmental during the 4th quarter worth approximately $49,000. Finally, Harbor Investment Advisory LLC bought a new stake in shares of GFL Environmental during the 1st quarter worth approximately $53,000. Institutional investors own 64.70% of the company's stock.

GFL Environmental Trading Up 5.8%

NYSE GFL traded up $2.76 on Thursday, hitting $50.36. The company's stock had a trading volume of 1,522,185 shares, compared to its average volume of 1,682,749. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.89. GFL Environmental Inc. has a 1-year low of $37.00 and a 1-year high of $52.00. The company's 50-day moving average is $48.93 and its 200 day moving average is $47.44. The firm has a market cap of $18.47 billion, a PE ratio of 10.33 and a beta of 1.03.

GFL Environmental (NYSE:GFL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.10). GFL Environmental had a net margin of 36.01% and a return on equity of 3.93%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.52 billion. The business's quarterly revenue was down 13.4% on a year-over-year basis. As a group, analysts predict that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, July 14th will be given a $0.0154 dividend. This represents a $0.06 annualized dividend and a yield of 0.12%. GFL Environmental's dividend payout ratio (DPR) is currently 1.23%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on GFL shares. JPMorgan Chase & Co. assumed coverage on shares of GFL Environmental in a report on Friday, May 23rd. They set a "neutral" rating and a $54.00 price target for the company. Seaport Res Ptn upgraded shares of GFL Environmental to a "strong-buy" rating in a research report on Tuesday, May 6th. Truist Financial upped their price objective on shares of GFL Environmental from $54.00 to $58.00 and gave the stock a "buy" rating in a research report on Wednesday, April 2nd. UBS Group upped their price objective on shares of GFL Environmental from $50.00 to $57.00 and gave the stock a "buy" rating in a research report on Friday, April 4th. Finally, Citigroup upped their price objective on shares of GFL Environmental from $53.00 to $56.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $56.29.

About GFL Environmental

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.