GFL Environmental Inc. $GFL Shares Sold by Groupe la Francaise

Groupe la Francaise lessened its holdings in GFL Environmental Inc. (NYSE:GFL) by 41.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,612 shares of the company’s stock after selling 18,255 shares during the period. Groupe la Francaise’s holdings in GFL Environmental were worth $1,069,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of GFL. Legal & General Group Plc increased its holdings in GFL Environmental by 12.0% in the 4th quarter. Legal & General Group Plc now owns 1,225,212 shares of the company’s stock valued at $52,700,000 after purchasing an additional 131,332 shares during the last quarter. Generali Asset Management SPA SGR acquired a new position in GFL Environmental during the fourth quarter worth $1,327,000. Vestcor Inc lifted its stake in GFL Environmental by 25.7% during the fourth quarter. Vestcor Inc now owns 391,815 shares of the company’s stock worth $16,828,000 after purchasing an additional 80,000 shares in the last quarter. Verbena Value LP boosted its position in shares of GFL Environmental by 44.7% during the first quarter. Verbena Value LP now owns 1,211,100 shares of the company’s stock worth $50,527,000 after buying an additional 374,000 shares during the period. Finally, WINTON GROUP Ltd boosted its position in shares of GFL Environmental by 483.1% during the fourth quarter. WINTON GROUP Ltd now owns 236,167 shares of the company’s stock worth $10,143,000 after buying an additional 195,667 shares during the period. 64.70% of the stock is currently owned by hedge funds and other institutional investors.

GFL Environmental Stock Performance

Shares of GFL opened at $41.32 on Friday. GFL Environmental Inc. has a 1 year low of $33.33 and a 1 year high of $51.51. The stock has a market capitalization of $14.82 billion, a PE ratio of -77.97, a PEG ratio of 3.13 and a beta of 0.70. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.51 and a current ratio of 0.75. The stock has a 50-day simple moving average of $37.39 and a 200-day simple moving average of $40.08.

GFL Environmental (NYSE:GFL) last issued its earnings results on Wednesday, July 29th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.03). GFL Environmental had a negative net margin of 3.28% and a positive return on equity of 4.14%. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the business earned $0.26 EPS. The firm’s revenue was up 16.3% compared to the same quarter last year. On average, analysts predict that GFL Environmental Inc. will post 0.55 earnings per share for the current fiscal year.

GFL Environmental Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Monday, July 13th were issued a $0.0169 dividend. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Monday, July 13th. GFL Environmental’s dividend payout ratio (DPR) is presently -13.21%.

Wall Street Analyst Weigh In

GFL has been the topic of several research analyst reports. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of GFL Environmental in a report on Friday. Scotiabank restated an “outperform” rating on shares of GFL Environmental in a report on Friday. JPMorgan Chase & Co. lifted their target price on GFL Environmental from $40.00 to $41.00 and gave the company an “underweight” rating in a research report on Thursday, July 16th. Zacks Research lowered shares of GFL Environmental from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 22nd. Finally, Citigroup set a $51.00 price target on shares of GFL Environmental and gave the stock a “buy” rating in a research report on Monday, July 6th. Eleven research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $54.75.

GFL Environmental 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.