WINTON GROUP Ltd Raises Stake in GFL Environmental Inc. $GFL

WINTON GROUP Ltd boosted its holdings in shares of GFL Environmental Inc. (NYSE:GFL) by 483.1% in the fourth quarter, HoldingsChannel reports. The fund owned 236,167 shares of the company’s stock after acquiring an additional 195,667 shares during the period. WINTON GROUP Ltd’s holdings in GFL Environmental were worth $10,143,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in shares of GFL Environmental by 35.2% during the third quarter. JPMorgan Chase & Co. now owns 1,344,569 shares of the company’s stock worth $63,706,000 after acquiring an additional 349,720 shares during the last quarter. Bank of Nova Scotia grew its position in shares of GFL Environmental by 17.1% during the third quarter. Bank of Nova Scotia now owns 357,808 shares of the company’s stock worth $16,950,000 after acquiring an additional 52,121 shares during the last quarter. Nordea Investment Management AB grew its position in shares of GFL Environmental by 40.8% during the fourth quarter. Nordea Investment Management AB now owns 6,673,954 shares of the company’s stock worth $290,083,000 after acquiring an additional 1,932,442 shares during the last quarter. Citigroup Inc. grew its position in shares of GFL Environmental by 214.7% during the third quarter. Citigroup Inc. now owns 114,849 shares of the company’s stock worth $5,444,000 after acquiring an additional 78,349 shares during the last quarter. Finally, Forge First Asset Management Inc. grew its position in shares of GFL Environmental by 42.9% during the third quarter. Forge First Asset Management Inc. now owns 416,100 shares of the company’s stock worth $19,713,000 after acquiring an additional 124,900 shares during the last quarter. 64.70% of the stock is owned by hedge funds and other institutional investors.

GFL Environmental Stock Performance

Shares of GFL opened at $35.50 on Friday. The firm has a 50-day moving average price of $38.61 and a 200 day moving average price of $41.77. GFL Environmental Inc. has a 52-week low of $33.33 and a 52-week high of $51.51. The firm has a market capitalization of $12.73 billion, a PE ratio of 110.94, a P/E/G ratio of 2.78 and a beta of 0.71. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.32.

GFL Environmental (NYSE:GFL) last released its earnings results on Wednesday, April 29th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.17 billion. GFL Environmental had a return on equity of 4.53% and a net margin of 3.09%.GFL Environmental’s revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.09) earnings per share. On average, sell-side analysts anticipate that GFL Environmental Inc. will post 0.54 earnings per share for the current fiscal year.

GFL Environmental Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Monday, April 13th were given a dividend of $0.0169 per share. This is a positive change from GFL Environmental’s previous quarterly dividend of $0.02. The ex-dividend date was Monday, April 13th. This represents a $0.07 annualized dividend and a dividend yield of 0.2%. GFL Environmental’s payout ratio is 21.88%.

Wall Street Analyst Weigh In

Several research firms have recently commented on GFL. Royal Bank Of Canada upped their price target 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. Barclays increased their target price on shares of GFL Environmental from $62.00 to $63.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Citigroup decreased their target price on shares of GFL Environmental from $55.00 to $51.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Weiss Ratings lowered shares of GFL Environmental from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 15th. Finally, Wolfe Research started coverage on shares of GFL Environmental in a research report on Friday, March 13th. They issued an “outperform” rating for the company. Twelve 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $55.00.

GFL Environmental Company 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.