GFL Environmental Inc. $GFL Stock Bought by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. lifted its stake in GFL Environmental Inc. (NYSE:GFL) by 30.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 976,062 shares of the company’s stock after acquiring an additional 230,199 shares during the period. GFL Environmental makes up 1.4% of Schwartz Investment Counsel Inc.’s portfolio, making the stock its 21st largest holding. Schwartz Investment Counsel Inc. owned approximately 0.27% of GFL Environmental worth $40,829,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Whipplewood Advisors LLC acquired a new position in shares of GFL Environmental during the first quarter valued at about $32,000. Integrated Wealth Concepts LLC bought a new stake in GFL Environmental during the second quarter worth about $31,000. GAMMA Investing LLC grew its position in GFL Environmental by 853.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,030 shares of the company’s stock worth $43,000 after acquiring an additional 922 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of GFL Environmental by 36.9% in the first quarter. EverSource Wealth Advisors LLC now owns 1,335 shares of the company’s stock worth $56,000 after acquiring an additional 360 shares during the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of GFL Environmental by 256.9% in the first quarter. Parallel Advisors LLC now owns 1,542 shares of the company’s stock valued at $64,000 after purchasing an additional 1,110 shares in the last quarter. Institutional investors own 64.70% of the company’s stock.

GFL Environmental Stock Performance

Shares of GFL opened at $45.03 on Wednesday. The company’s fifty day simple moving average is $42.51 and its 200 day simple moving average is $40.80. GFL Environmental Inc. has a 1-year low of $33.33 and a 1-year high of $46.76.

GFL Environmental (NYSE:GFL) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the prior year, the company posted $0.26 EPS. GFL Environmental’s revenue was up 16.3% on a year-over-year basis. Equities analysts forecast that GFL Environmental Inc. will post 0.55 earnings per share for the current fiscal year.

GFL Environmental Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, October 14th will be 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 of this dividend is Wednesday, October 14th.

Wall Street Analyst Weigh In

GFL has been the subject of several recent research reports. Wolfe Research assumed coverage on GFL Environmental in a report on Tuesday, September 15th. They set an “outperform” rating and a $77.00 price objective for the company. Barclays assumed coverage on GFL Environmental in a research note on Wednesday, September 2nd. They issued an “overweight” rating and a $58.00 target price for the company. BMO Capital Markets restated a “market perform” rating on shares of GFL Environmental in a report on Thursday, October 15th. Citigroup set a $51.00 price target on GFL Environmental and gave the stock a “buy” rating in a research report on Wednesday, October 14th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of GFL Environmental in a research report on Monday, August 31st. Nine analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $57.56.

GFL Environmental Profile

GFL Environmental Inc is a Canadian environmental services company that provides waste management and related infrastructure services to municipal, residential, commercial, industrial and institutional customers. The company’s operations include the collection, transfer, processing, recycling and disposal of non-hazardous solid waste, as well as organics and other resource-recovery services.

GFL also provides infrastructure and soil remediation services, including the management of contaminated materials and related environmental projects.