Roubaix Capital LLC Takes $3.79 Million Position in GFL Environmental Inc. (NYSE:GFL)

Roubaix Capital LLC bought a new position in GFL Environmental Inc. (NYSE:GFL - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 109,804 shares of the company's stock, valued at approximately $3,789,000. GFL Environmental accounts for about 2.7% of Roubaix Capital LLC's investment portfolio, making the stock its 16th biggest holding.

Other institutional investors also recently bought and sold shares of the company. Nordea Investment Management AB raised its holdings in GFL Environmental by 16.6% in the 4th quarter. Nordea Investment Management AB now owns 7,384,983 shares of the company's stock worth $256,259,000 after purchasing an additional 1,053,530 shares during the period. Compound Global Advisors LLC bought a new position in GFL Environmental in the 4th quarter worth $15,232,000. Barton Investment Management raised its holdings in GFL Environmental by 13.6% in the 4th quarter. Barton Investment Management now owns 391,949 shares of the company's stock worth $13,526,000 after purchasing an additional 46,999 shares during the period. Kornitzer Capital Management Inc. KS raised its holdings in GFL Environmental by 37.7% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 426,897 shares of the company's stock worth $14,732,000 after purchasing an additional 116,897 shares during the period. Finally, Sei Investments Co. raised its holdings in GFL Environmental by 59.6% in the 3rd quarter. Sei Investments Co. now owns 619,481 shares of the company's stock worth $19,675,000 after purchasing an additional 231,264 shares during the period. 64.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on GFL shares. Royal Bank of Canada started coverage on GFL Environmental in a report on Monday, April 8th. They issued an "outperform" rating and a $46.00 target price on the stock. TheStreet upgraded GFL Environmental from a "d+" rating to a "c" rating in a research note on Tuesday, February 20th. Jefferies Financial Group increased their price target on GFL Environmental from $46.00 to $51.00 and gave the stock a "buy" rating in a research note on Monday, March 18th. TD Cowen increased their price target on GFL Environmental from $42.00 to $43.00 and gave the stock a "buy" rating in a research note on Monday, May 6th. Finally, Wells Fargo & Company increased their price target on GFL Environmental from $30.00 to $34.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 6th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.08.

GFL Environmental Price Performance

Shares of GFL Environmental stock traded up $0.15 during trading on Friday, reaching $32.31. 1,315,389 shares of the stock traded hands, compared to its average volume of 1,095,787. The company has a market capitalization of $11.99 billion, a price-to-earnings ratio of 50.48 and a beta of 1.15. The business has a fifty day simple moving average of $33.88 and a two-hundred day simple moving average of $32.83. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.84 and a quick ratio of 0.84. GFL Environmental Inc. has a 52-week low of $26.87 and a 52-week high of $39.06.

GFL Environmental (NYSE:GFL - Get Free Report) last released its quarterly earnings results on Tuesday, February 20th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.14). The company had revenue of $1.38 billion during the quarter, compared to analysts' expectations of $1.37 billion. GFL Environmental had a return on equity of 4.51% and a net margin of 1.25%. Sell-side analysts expect that GFL Environmental Inc. will post 0.74 EPS for the current year.

GFL Environmental Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Monday, April 15th were given a $0.014 dividend. The ex-dividend date of this dividend was Friday, April 12th. This represents a $0.06 annualized dividend and a yield of 0.17%. This is a positive change from GFL Environmental's previous quarterly dividend of $0.01.

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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