Schwartz Investment Counsel Inc. Sells 23,381 Shares of GFL Environmental Inc. $GFL

Schwartz Investment Counsel Inc. lowered its position in shares of GFL Environmental Inc. (NYSE:GFL) by 11.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 187,341 shares of the company’s stock after selling 23,381 shares during the period. Schwartz Investment Counsel Inc. owned about 0.05% of GFL Environmental worth $8,876,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Munro Partners bought a new position in shares of GFL Environmental during the second quarter valued at approximately $12,926,000. Generate Investment Management Ltd bought a new position in GFL Environmental in the third quarter worth approximately $7,891,000. JPMorgan Chase & Co. lifted its holdings in GFL Environmental by 11.8% during the second quarter. JPMorgan Chase & Co. now owns 994,849 shares of the company’s stock worth $50,200,000 after buying an additional 105,186 shares during the period. Intech Investment Management LLC bought a new stake in GFL Environmental during the 2nd quarter valued at $457,000. Finally, S&CO Inc. increased its holdings in shares of GFL Environmental by 86.6% in the 2nd quarter. S&CO Inc. now owns 114,260 shares of the company’s stock valued at $5,765,000 after acquiring an additional 53,030 shares during the period. 64.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wells Fargo & Company initiated coverage on GFL Environmental in a research report on Thursday, November 13th. They issued an “overweight” rating for the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of GFL Environmental in a research note on Monday, December 29th. William Blair assumed coverage on shares of GFL Environmental in a research report on Thursday, September 25th. They set an “outperform” rating for the company. Stifel Nicolaus assumed coverage on shares of GFL Environmental in a report on Tuesday, September 30th. They issued a “buy” rating on the stock. Finally, Scotiabank set a $58.00 price objective on shares of GFL Environmental in a research report on Friday, October 10th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $56.67.

GFL Environmental Trading Down 0.3%

GFL Environmental stock opened at $42.58 on Monday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.69 and a current ratio of 0.69. The stock has a market cap of $15.29 billion, a PE ratio of 6.67 and a beta of 0.88. The stock has a 50-day moving average of $43.87 and a two-hundred day moving average of $46.18. GFL Environmental Inc. has a one year low of $40.83 and a one year high of $52.00.

GFL Environmental (NYSE:GFL) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.69 billion. GFL Environmental had a return on equity of 3.06% and a net margin of 50.99%.GFL Environmental’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.33 EPS. On average, research analysts anticipate that GFL Environmental Inc. will post 0.58 EPS for the current fiscal year.

GFL Environmental Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Tuesday, January 13th will be issued a $0.0154 dividend. The ex-dividend date of this dividend is 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 (DPR) is currently 0.94%.

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.