GFL Environmental Inc. (NYSE:GFL) Position Boosted by TimesSquare Capital Management LLC

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

Other large investors have also modified their holdings of the company. LRI Investments LLC acquired a new position in GFL Environmental during the first quarter worth about $34,000. Pittenger & Anderson Inc. acquired a new position in shares of GFL Environmental in the first quarter valued at approximately $109,000. Robeco Schweiz AG acquired a new position in GFL Environmental in the 1st quarter valued at $32,724,000. Capital Insight Partners LLC boosted its holdings in shares of GFL Environmental by 3.6% during the first quarter. Capital Insight Partners LLC now owns 41,185 shares of the company's stock worth $1,990,000 after purchasing an additional 1,433 shares during the last quarter. Finally, Axxcess Wealth Management LLC purchased a new stake in shares of GFL Environmental in the first quarter valued at $1,608,000. Institutional investors and hedge funds own 64.70% of the company's stock.

GFL Environmental Stock Performance

Shares of GFL traded up $0.13 during midday trading on Thursday, hitting $47.51. 725,316 shares of the stock traded hands, compared to its average volume of 1,464,952. The business's 50 day moving average price is $49.17 and its two-hundred day moving average price is $47.23. The firm has a market capitalization of $17.42 billion, a PE ratio of 9.74 and a beta of 1.03. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.82 and a current ratio of 0.82. 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 quarterly earnings data on Wednesday, April 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.10). GFL Environmental had a return on equity of 3.93% and a net margin of 36.01%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.52 billion. GFL Environmental's revenue for the quarter was down 13.4% on a year-over-year basis. Equities research analysts predict that GFL Environmental Inc. will post 0.58 EPS for the current fiscal year.

GFL Environmental Dividend Announcement

The business 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 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 1.23%.

Wall Street Analyst Weigh In

GFL has been the topic of a number of research analyst reports. UBS Group lifted their price target on shares of GFL Environmental from $50.00 to $57.00 and gave the company a "buy" rating in a report on Friday, April 4th. Citigroup raised their target price on shares of GFL Environmental from $53.00 to $56.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Scotiabank reaffirmed an "outperform" rating on shares of GFL Environmental in a research report on Monday, May 5th. Royal Bank Of Canada boosted their price objective on GFL Environmental from $53.00 to $56.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. Finally, National Bank Financial upgraded shares of GFL Environmental to a "strong-buy" rating in a research note on Monday, May 26th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus 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.