GFL Environmental Inc. $GFL Stock: Robeco Schweiz AG Raises Stake

Key Points

• Robeco Schweiz AG increased its GFL Environmental stake by 64.7% in the third quarter, adding 300,659 shares to own 765,447 shares worth approximately $32 million. Institutional investors collectively hold 64.7% of the company.
• GFL reported quarterly revenue of $1.37 billion, up 16.3% year over year and above estimates, but earnings of $0.14 per share missed the $0.17 consensus. Shares recently traded at $45.49, near their 52-week high.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $57.56, while GFL declared a quarterly dividend of $0.0169 per share, equivalent to an annualized yield of about 0.1%.

Robeco Schweiz AG increased its position in GFL Environmental Inc. (NYSE:GFL - Free Report) by 64.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 765,447 shares of the company's stock after acquiring an additional 300,659 shares during the quarter. Robeco Schweiz AG owned about 0.21% of GFL Environmental worth $32,019,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its holdings in shares of GFL Environmental by 36.9% during the first quarter. EverSource Wealth Advisors LLC now owns 1,335 shares of the company's stock worth $56,000 after purchasing an additional 360 shares in the last quarter. Signaturefd LLC increased its position in shares of GFL Environmental by 17.7% in the third quarter. Signaturefd LLC now owns 3,119 shares of the company's stock worth $130,000 after purchasing an additional 468 shares during the last quarter. MQS Management LLC raised its stake in GFL Environmental by 8.8% in the first quarter. MQS Management LLC now owns 7,815 shares of the company's stock valued at $326,000 after purchasing an additional 634 shares in the last quarter. Versant Capital Management Inc raised its stake in GFL Environmental by 40.4% in the third quarter. Versant Capital Management Inc now owns 2,527 shares of the company's stock valued at $106,000 after purchasing an additional 727 shares in the last quarter. Finally, Whipplewood Advisors LLC purchased a new stake in GFL Environmental in the first quarter valued at approximately $32,000. Hedge funds and other institutional investors own 64.70% of the company's stock.

GFL Environmental Price Performance

Shares of GFL stock opened at $45.49 on Friday. The firm has a market cap of $16.42 billion, a P/E ratio of -85.83, a P/E/G ratio of 3.52 and a beta of 0.72. GFL Environmental Inc. has a fifty-two week low of $33.33 and a fifty-two week high of $46.76. The business's 50 day moving average price is $42.40 and its 200-day moving average price is $39.82. 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 (NYSE:GFL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.03). GFL Environmental had a positive return on equity of 4.14% and a negative net margin of 3.28%. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter last year, the company posted $0.26 earnings per share. The firm's revenue for the quarter was up 16.3% compared to the same quarter last year. On average, equities research analysts anticipate that GFL Environmental Inc. will post 0.55 earnings per share for the current year.

GFL Environmental Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, October 14th will be given a dividend of $0.0169 per share. This represents a $0.07 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, October 14th. GFL Environmental's dividend payout ratio is -13.21%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GFL. Wolfe Research began coverage on shares of GFL Environmental in a research report on Tuesday, September 15th. They issued an "outperform" rating and a $77.00 target price for the company. BMO Capital Markets reissued a "market perform" rating on shares of GFL Environmental in a research note on Thursday, October 15th. TD Cowen restated a "buy" rating and set a $65.00 price target on shares of GFL Environmental in a research report on Friday, September 11th. Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating on shares of GFL Environmental in a research note on Monday, August 31st. Finally, JPMorgan Chase & Co. lifted their price target on GFL Environmental from $41.00 to $42.00 and gave the stock an "underweight" rating in a research note on Wednesday. Nine investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $57.56.

GFL Environmental Company Profile

GFL Environmental Inc is a Canadian environmental services company that provides waste management and related infrastructure services to municipal, residential, commercial, industrial and institutional customers. The company's operations include the collection, transfer, processing, recycling and disposal of non-hazardous solid waste, as well as organics and other resource-recovery services.

GFL also provides infrastructure and soil remediation services, including the management of contaminated materials and related environmental projects.

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