GFL Environmental Inc. $GFL Shares Sold by Norwood Investment Partners LP

Norwood Investment Partners LP cut its holdings in shares of GFL Environmental Inc. (NYSE:GFL) by 15.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 264,800 shares of the company’s stock after selling 47,064 shares during the period. GFL Environmental makes up about 10.8% of Norwood Investment Partners LP’s portfolio, making the stock its 3rd largest holding. Norwood Investment Partners LP owned 0.07% of GFL Environmental worth $12,546,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Berbice Capital Management LLC purchased a new position in GFL Environmental during the second quarter worth approximately $25,000. EverSource Wealth Advisors LLC raised its stake in shares of GFL Environmental by 43.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 727 shares of the company’s stock worth $37,000 after buying an additional 219 shares during the period. Compass Financial Services Inc lifted its position in shares of GFL Environmental by 63.0% during the 2nd quarter. Compass Financial Services Inc now owns 820 shares of the company’s stock valued at $41,000 after buying an additional 317 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of GFL Environmental by 21.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,606 shares of the company’s stock valued at $75,000 after buying an additional 289 shares in the last quarter. Finally, First Horizon Corp acquired a new stake in GFL Environmental in the 3rd quarter valued at $116,000. Hedge funds and other institutional investors own 64.70% of the company’s stock.

GFL Environmental Price Performance

GFL stock opened at $44.83 on Thursday. GFL Environmental Inc. has a 1 year low of $40.83 and a 1 year high of $52.00. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.58 and a quick ratio of 0.58. The firm has a market capitalization of $16.05 billion, a PE ratio of 6.59, a price-to-earnings-growth ratio of 3.53 and a beta of 0.86. The business has a 50 day simple moving average of $43.14 and a 200-day simple moving average of $44.96.

GFL Environmental (NYSE:GFL) last released its quarterly earnings data on Wednesday, February 11th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.12. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.67 billion. GFL Environmental had a return on equity of 3.66% and a net margin of 56.61%.The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.58) earnings per share. Equities research analysts anticipate that GFL Environmental Inc. will post 0.58 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, January 30th. Investors of record on Tuesday, January 13th were issued a $0.0154 dividend. The ex-dividend date of this dividend was Tuesday, January 13th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.1%. GFL Environmental’s dividend payout ratio is currently 0.88%.

Analysts Set New Price Targets

A number of research firms have weighed in on GFL. Royal Bank Of Canada upped their price objective on shares of GFL Environmental from $59.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. The Goldman Sachs Group initiated coverage on shares of GFL Environmental in a research note on Monday, November 24th. They issued a “neutral” rating and a $50.00 price target on the stock. Wells Fargo & Company initiated coverage on GFL Environmental in a report on Thursday, November 13th. They issued an “overweight” rating on the stock. JPMorgan Chase & Co. increased their target price on GFL Environmental from $46.75 to $48.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Finally, Barclays raised their target price on GFL Environmental from $62.00 to $63.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $56.67.

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.