J. Safra Sarasin Holding AG Has $5.62 Million Stock Holdings in GFL Environmental Inc. $GFL

J. Safra Sarasin Holding AG lowered its stake in GFL Environmental Inc. (NYSE:GFL) by 9.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 134,939 shares of the company’s stock after selling 13,552 shares during the period. J. Safra Sarasin Holding AG’s holdings in GFL Environmental were worth $5,616,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. ARQ Wealth Advisors LLC bought a new position in shares of GFL Environmental in the 1st quarter valued at $361,000. Hsbc Holdings PLC bought a new stake in shares of GFL Environmental during the 1st quarter worth $602,000. Whipplewood Advisors LLC bought a new stake in shares of GFL Environmental during the 1st quarter worth $32,000. Leonteq Securities AG boosted its stake in GFL Environmental by 21.1% in the first quarter. Leonteq Securities AG now owns 8,440 shares of the company’s stock valued at $352,000 after buying an additional 1,469 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new stake in GFL Environmental in the first quarter valued at about $635,000. Institutional investors and hedge funds own 64.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Scotiabank decreased their price target on shares of GFL Environmental from $56.00 to $52.00 and set a “sector outperform” rating on the stock in a report on Monday, May 4th. JPMorgan Chase & Co. cut their target price on shares of GFL Environmental from $42.00 to $40.00 and set an “underweight” rating on the stock in a research report on Monday, July 6th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of GFL Environmental in a research note on Wednesday, May 13th. Weiss Ratings downgraded shares of GFL Environmental from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, May 15th. Finally, Zacks Research cut GFL Environmental from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 22nd. Twelve equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, GFL Environmental has a consensus rating of “Moderate Buy” and an average price target of $54.78.

GFL Environmental Stock Performance

Shares of GFL stock opened at $39.17 on Tuesday. The stock has a market capitalization of $14.05 billion, a PE ratio of 122.42, a PEG ratio of 2.85 and a beta of 0.70. The business’s 50 day simple moving average is $36.59 and its 200 day simple moving average is $40.40. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.51 and a quick ratio of 1.51. GFL Environmental Inc. has a one year low of $33.33 and a one year high of $51.51.

GFL Environmental (NYSE:GFL) last announced its earnings results on Wednesday, April 29th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. GFL Environmental had a net margin of 3.09% and a return on equity of 4.53%. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the firm earned ($0.09) earnings per share. GFL Environmental’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, research analysts forecast that GFL Environmental Inc. will post 0.59 earnings per share for the current year.

GFL Environmental Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 13th will be issued a $0.0169 dividend. The ex-dividend date is Monday, July 13th. This represents a $0.07 annualized dividend and a yield of 0.2%. GFL Environmental’s dividend payout ratio is presently 21.88%.

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.