Maven Securities LTD Boosts Holdings in GFL Environmental Inc. $GFL

by · The Markets Daily

Maven Securities LTD boosted its holdings in shares of GFL Environmental Inc. (NYSE:GFL – Free Report) by 18.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 143,198 shares of the company’s stock after acquiring an additional 22,551 shares during the period. Maven Securities LTD’s holdings in GFL Environmental were worth $5,268,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of GFL. Jones Financial Companies Lllp raised its position in shares of GFL Environmental by 684.5% during the 1st quarter. Jones Financial Companies Lllp now owns 2,573 shares of the company’s stock worth $124,000 after purchasing an additional 2,245 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in GFL Environmental by 94.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 714,438 shares of the company’s stock valued at $34,514,000 after buying an additional 346,394 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in GFL Environmental by 3.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 458,936 shares of the company’s stock valued at $22,171,000 after buying an additional 14,252 shares during the last quarter. Invesco Ltd. grew its holdings in GFL Environmental by 22.7% during the 2nd quarter. Invesco Ltd. now owns 86,967 shares of the company’s stock valued at $4,388,000 after buying an additional 16,096 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in GFL Environmental by 43.1% during the second quarter. EverSource Wealth Advisors LLC now owns 727 shares of the company’s stock worth $37,000 after buying an additional 219 shares in the last quarter. Hedge funds and other institutional investors own 64.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on GFL shares. Weiss Ratings raised GFL Environmental from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 26th. Citigroup set a $51.00 price objective on GFL Environmental and gave the company a “buy” rating in a research note on Monday, July 6th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of GFL Environmental in a research note on Monday, August 31st. JPMorgan Chase & Co. lifted their price target on shares of GFL Environmental from $40.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday, July 16th. Finally, Scotiabank reissued an “outperform” rating on shares of GFL Environmental in a research note on Wednesday, September 2nd. Eleven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, GFL Environmental presently has a consensus rating of “Moderate Buy” and an average target price of $54.25.

View Our Latest Stock Analysis on GFL

GFL Environmental Price Performance

GFL opened at $42.85 on Wednesday. GFL Environmental Inc. has a 1 year low of $33.33 and a 1 year high of $48.28. The company’s 50 day simple moving average is $40.73 and its 200 day simple moving average is $39.82. The stock has a market capitalization of $15.46 billion, a PE ratio of -80.85, a P/E/G ratio of 2.84 and a beta of 0.68. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.75 and a current ratio of 0.75.

GFL Environmental (NYSE:GFL – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter last year, the business earned $0.26 EPS. The firm’s revenue for the quarter was up 16.3% compared to the same quarter last year. As a group, sell-side analysts expect that GFL Environmental Inc. will post 0.65 EPS for the current year.

GFL Environmental Dividend Announcement

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

GFL Environmental Company Profile

(Free Report)

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.

See Also

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