GFL Environmental (NYSE:GFL) Sets New 12-Month Low - Should You Sell?

Key Points

• Shares hit a new 52-week low of $38.60 and last traded around $39.52, trading below its 50- and 200-day moving averages (~$42.94 and $44.07).
• Analysts maintain a consensus of Moderate Buy with an average target of $56.67 (1 Strong Buy, 11 Buy, 3 Hold), despite mixed recent notes including a Weiss downgrade and coverage/price-target increases from Barclays and Wolfe Research.
• In the latest quarter GFL reported $0.26 EPS (beat $0.14) but revenue missed at $1.23B versus $1.67B expected; valuation and balance-sheet metrics include a P/E of 5.92, current ratio of 0.58, debt/equity of 1.05, and a ~0.2% dividend yield.

GFL Environmental Inc. (NYSE:GFL - Get Free Report) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $38.60 and last traded at $39.5160, with a volume of 101759 shares traded. The stock had previously closed at $38.96.

Analysts Set New Price Targets

GFL has been the subject of several recent research reports. Weiss Ratings lowered shares of GFL Environmental from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, February 9th. JPMorgan Chase & Co. increased their price objective on GFL Environmental from $46.75 to $48.00 and gave the company a "neutral" rating in a research report on Wednesday, January 14th. Barclays raised their price objective on GFL Environmental from $62.00 to $63.00 and gave the stock an "overweight" rating in a research note on Thursday, February 12th. Wolfe Research started coverage on GFL Environmental in a report on Friday, March 13th. They issued an "outperform" rating on the stock. Finally, Citigroup reduced their target price on GFL Environmental from $58.00 to $56.00 and set a "buy" rating for the company in a report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $56.67.

GFL Environmental Trading Up 3.1%

The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.05. The firm has a market cap of $14.37 billion, a PE ratio of 5.92, a P/E/G ratio of 3.04 and a beta of 0.86. The company's 50-day moving average is $42.94 and its 200 day moving average is $44.07.

GFL Environmental (NYSE:GFL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.12. The firm had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.67 billion. GFL Environmental had a net margin of 56.61% and a return on equity of 3.66%. The company's quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.58) EPS. As a group, sell-side analysts predict that GFL Environmental Inc. will post 0.58 EPS for the current year.

GFL Environmental Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Tuesday, January 13th were paid a $0.0154 dividend. This represents a $0.06 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, January 13th. GFL Environmental's dividend payout ratio is currently 0.88%.

Hedge Funds Weigh In On GFL Environmental

Several institutional investors and hedge funds have recently bought and sold shares of the business. Capital Research Global Investors lifted its position in shares of GFL Environmental by 17.6% in the fourth quarter. Capital Research Global Investors now owns 21,863,632 shares of the company's stock worth $939,043,000 after purchasing an additional 3,267,936 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in GFL Environmental by 9.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 11,201,976 shares of the company's stock valued at $481,125,000 after purchasing an additional 977,344 shares in the last quarter. Vanguard Group Inc. increased its stake in GFL Environmental by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 11,156,675 shares of the company's stock valued at $479,255,000 after buying an additional 97,020 shares during the period. Pictet Asset Management Holding SA increased its stake in GFL Environmental by 2.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 8,511,198 shares of the company's stock valued at $365,595,000 after buying an additional 185,169 shares during the period. Finally, Nordea Investment Management AB lifted its position in GFL Environmental by 40.8% in the 4th quarter. Nordea Investment Management AB now owns 6,673,954 shares of the company's stock worth $290,083,000 after buying an additional 1,932,442 shares in the last quarter. Hedge funds and other institutional investors own 64.70% of the company's stock.

GFL Environmental Company Profile

GFL Environmental Inc is a leading North American provider of diversified environmental services, offering comprehensive solutions across solid waste management, liquid waste management, soil remediation and infrastructure services. The company's core business activities include residential, commercial and industrial waste collection, recycling, composting and landfill management. In addition to traditional waste services, GFL provides specialized liquid waste hauling, treatment and disposal services as well as environmental consulting to support industrial and municipal clients in meeting regulatory and sustainability goals.

Founded in 2007 by entrepreneur Patrick Dovigi, GFL Environmental has pursued an aggressive growth strategy driven by strategic acquisitions and organic expansion.

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