Robeco Schweiz AG Takes Position in GFL Environmental Inc. (NYSE:GFL)

Robeco Schweiz AG acquired a new stake in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 677,378 shares of the company's stock, valued at approximately $32,724,000. Robeco Schweiz AG owned about 0.17% of GFL Environmental at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Capital Insight Partners LLC lifted its holdings in shares of GFL Environmental by 3.6% during the 1st quarter. Capital Insight Partners LLC now owns 41,185 shares of the company's stock valued at $1,990,000 after purchasing an additional 1,433 shares during the last quarter. Axxcess Wealth Management LLC purchased a new stake in shares of GFL Environmental during the 1st quarter valued at $1,608,000. Bank of New York Mellon Corp lifted its holdings in shares of GFL Environmental by 2.7% during the 1st quarter. Bank of New York Mellon Corp now owns 192,306 shares of the company's stock valued at $9,290,000 after purchasing an additional 4,981 shares during the last quarter. OneDigital Investment Advisors LLC raised its stake in GFL Environmental by 2.6% in the 1st quarter. OneDigital Investment Advisors LLC now owns 17,264 shares of the company's stock worth $834,000 after acquiring an additional 436 shares during the last quarter. Finally, Acuitas Investments LLC purchased a new position in GFL Environmental in the 1st quarter worth $2,044,000. Hedge funds and other institutional investors own 64.70% of the company's stock.

GFL Environmental Price Performance

NYSE:GFL opened at $47.34 on Friday. GFL Environmental Inc. has a 52 week low of $37.00 and a 52 week high of $52.00. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $17.36 billion, a PE ratio of 9.70 and a beta of 1.03. The stock's 50-day moving average price is $49.51 and its 200-day moving average price is $47.13.

GFL Environmental (NYSE:GFL - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $1.52 billion. The business's revenue was down 13.4% on a year-over-year basis. As a group, equities analysts expect that GFL Environmental Inc. will post 0.58 EPS for the current fiscal year.

GFL Environmental Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, July 14th will be given a dividend of $0.0154 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.13%. GFL Environmental's dividend payout ratio (DPR) is presently 1.23%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on GFL shares. Scotiabank restated an "outperform" rating on shares of GFL Environmental in a research note on Monday, May 5th. Truist Financial raised their target price on GFL Environmental from $54.00 to $58.00 and gave the stock a "buy" rating in a research note on Wednesday, April 2nd. Royal Bank Of Canada raised their target price on GFL Environmental from $53.00 to $56.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. Citigroup increased their price target on GFL Environmental from $53.00 to $56.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Finally, UBS Group increased their price target on GFL Environmental from $50.00 to $57.00 and gave the stock a "buy" rating in a research report on Friday, April 4th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $56.29.

GFL Environmental Profile

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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