TimesSquare Capital Management LLC Has $48.99 Million Position in GFL Environmental Inc. (NYSE:GFL)

TimesSquare Capital Management LLC increased its stake in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 43.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,014,099 shares of the company's stock after buying an additional 306,809 shares during the quarter. TimesSquare Capital Management LLC owned about 0.26% of GFL Environmental worth $48,991,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in GFL. Bessemer Group Inc. bought a new stake in GFL Environmental during the first quarter worth $28,000. Raymond James Financial Inc. bought a new stake in GFL Environmental during the fourth quarter worth $18,836,000. Cambridge Investment Research Advisors Inc. bought a new stake in GFL Environmental during the first quarter worth $385,000. Steward Partners Investment Advisory LLC lifted its stake in GFL Environmental by 350.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,400 shares of the company's stock worth $107,000 after purchasing an additional 1,867 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of GFL Environmental by 38.7% in the 4th quarter. Geode Capital Management LLC now owns 1,274,496 shares of the company's stock valued at $56,496,000 after acquiring an additional 355,790 shares during the last quarter. Institutional investors and hedge funds own 64.70% of the company's stock.

GFL Environmental Stock Performance

Shares of GFL Environmental stock opened at $47.32 on Monday. 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 business has a 50-day moving average price of $49.45 and a two-hundred day moving average price of $47.18. The company has a market cap of $17.35 billion, a P/E ratio of 9.70 and a beta of 1.03. GFL Environmental Inc. has a 1-year low of $37.00 and a 1-year high of $52.00.

GFL Environmental (NYSE:GFL - Get Free Report) last issued its 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 firm 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 business's revenue was down 13.4% on a year-over-year basis. As a group, analysts anticipate that GFL Environmental Inc. will post 0.58 EPS for the current year.

GFL Environmental Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have recently commented on GFL shares. Scotiabank reiterated an "outperform" rating on shares of GFL Environmental in a research note on Monday, May 5th. UBS Group increased their price target on GFL Environmental from $50.00 to $57.00 and gave the company a "buy" rating in a research note on Friday, April 4th. JPMorgan Chase & Co. started coverage on GFL Environmental in a research note on Friday, May 23rd. They issued a "neutral" rating and a $54.00 price target for the company. Raymond James Financial reiterated an "outperform" rating and issued a $57.00 price target (up from $56.00) on shares of GFL Environmental in a research note on Friday, May 2nd. Finally, Seaport Res Ptn upgraded GFL Environmental to a "strong-buy" rating in a report on Tuesday, May 6th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, GFL Environmental has a consensus rating of "Buy" and an average price target of $56.29.

GFL Environmental Company 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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