WINTON GROUP Ltd Acquires 20,900 Shares of GFL Environmental Inc. $GFL

WINTON GROUP Ltd lifted its holdings in shares of GFL Environmental Inc. (NYSE:GFL) by 106.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,500 shares of the company’s stock after buying an additional 20,900 shares during the period. WINTON GROUP Ltd’s holdings in GFL Environmental were worth $1,919,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Berbice Capital Management LLC bought a new stake in GFL Environmental during the second quarter worth about $25,000. EverSource Wealth Advisors LLC grew its stake in GFL Environmental by 43.1% in the second quarter. EverSource Wealth Advisors LLC now owns 727 shares of the company’s stock valued at $37,000 after purchasing an additional 219 shares in the last quarter. Compass Financial Services Inc increased 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 worth $41,000 after purchasing an additional 317 shares during the last quarter. Jones Financial Companies Lllp increased 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 worth $75,000 after purchasing an additional 289 shares during the last quarter. Finally, First Horizon Corp bought a new stake in shares of GFL Environmental during the 3rd quarter worth approximately $116,000. Institutional investors own 64.70% of the company’s stock.

GFL Environmental Stock Performance

GFL opened at $43.56 on Wednesday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.05. GFL Environmental Inc. has a 12-month low of $40.83 and a 12-month high of $52.00. The business has a 50 day moving average of $43.22 and a 200-day moving average of $44.75. The stock has a market cap of $15.59 billion, a price-to-earnings ratio of 6.41, a PEG ratio of 3.51 and a beta of 0.86.

GFL Environmental (NYSE:GFL) last posted its earnings results 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. GFL Environmental had a return on equity of 3.66% and a net margin of 56.61%.The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period in the previous year, the firm earned ($0.58) EPS. The firm’s revenue was up 7.3% compared to the same quarter last year. On average, equities research analysts expect that GFL Environmental Inc. will post 0.58 earnings per share for the current year.

GFL Environmental Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Tuesday, January 13th were issued a $0.0154 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Tuesday, January 13th. GFL Environmental’s payout ratio is currently 0.88%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Weiss Ratings cut GFL Environmental from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, February 9th. JPMorgan Chase & Co. boosted their target price on shares of GFL Environmental from $46.75 to $48.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. Barclays upped their price target on shares of GFL Environmental from $62.00 to $63.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Wells Fargo & Company assumed coverage on shares of GFL Environmental in a research note on Thursday, November 13th. They issued an “overweight” rating for the company. Finally, The Goldman Sachs Group assumed coverage on shares of GFL Environmental in a research report on Monday, November 24th. They issued a “neutral” rating and a $50.00 price objective for the company. One 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’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.