Susquehanna Fundamental Investments LLC Buys New Stake in GFL Environmental Inc. (NYSE:GFL)

Susquehanna Fundamental Investments LLC bought a new stake in GFL Environmental Inc. (NYSE:GFL) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 29,400 shares of the company’s stock, valued at approximately $1,145,000.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in GFL Environmental by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 7,231,470 shares of the company’s stock valued at $249,558,000 after purchasing an additional 77,156 shares during the period. Harbert Fund Advisors Inc. bought a new stake in shares of GFL Environmental during the 4th quarter worth $1,329,000. 1832 Asset Management L.P. increased its position in GFL Environmental by 27.6% during the fourth quarter. 1832 Asset Management L.P. now owns 804,540 shares of the company’s stock worth $27,765,000 after acquiring an additional 173,800 shares during the period. Toronto Dominion Bank increased its position in shares of GFL Environmental by 33.8% during the first quarter. Toronto Dominion Bank now owns 74,152 shares of the company’s stock valued at $2,558,000 after purchasing an additional 18,742 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in GFL Environmental by 143.9% in the first quarter. Janney Montgomery Scott LLC now owns 17,628 shares of the company’s stock worth $608,000 after purchasing an additional 10,400 shares in the last quarter. Hedge funds and other institutional investors own 64.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on GFL. Raymond James increased their target price on GFL Environmental from $43.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, July 22nd. BMO Capital Markets downgraded GFL Environmental from an “outperform” rating to a “market perform” rating and cut their price target for the company from $43.00 to $42.00 in a report on Tuesday, July 9th. Finally, Royal Bank of Canada upped their price objective on shares of GFL Environmental from $46.00 to $48.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.64.

GFL Environmental Price Performance

Shares of GFL opened at $39.72 on Wednesday. The business’s fifty day moving average is $40.39 and its 200 day moving average is $37.01. GFL Environmental Inc. has a 12-month low of $26.87 and a 12-month high of $43.79. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.45. The stock has a market cap of $14.95 billion, a P/E ratio of 80.59 and a beta of 1.16.

GFL Environmental (NYSE:GFL) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.51 billion. GFL Environmental had a negative net margin of 8.78% and a positive return on equity of 3.32%. Sell-side analysts anticipate that GFL Environmental Inc. will post 0.62 earnings per share for the current fiscal year.

GFL Environmental Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th were given a $0.014 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date of this dividend was Monday, July 15th.

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.