Munro Partners grew its position in GFL Environmental Inc. (NYSE:GFL – Free Report) by 90.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 658,407 shares of the company’s stock after purchasing an additional 313,515 shares during the quarter. Munro Partners owned approximately 0.18% of GFL Environmental worth $28,279,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of GFL. Sunbelt Securities Inc. acquired a new position in shares of GFL Environmental during the 3rd quarter valued at $33,000. EverSource Wealth Advisors LLC lifted its position 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 valued at $37,000 after acquiring an additional 219 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in shares of GFL Environmental by 45.2% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 976 shares of the company’s stock valued at $46,000 after acquiring an additional 304 shares during the period. 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 acquiring an additional 289 shares during the period. Finally, Danske Bank A S acquired a new position in shares of GFL Environmental during the 3rd quarter valued at $82,000. 64.70% of the stock is owned by institutional investors.
GFL Environmental Stock Performance
GFL opened at $35.99 on Tuesday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.32. The company’s fifty day moving average price is $37.94 and its two-hundred day moving average price is $41.34. GFL Environmental Inc. has a 1-year low of $33.33 and a 1-year high of $51.51. The company has a market cap of $12.91 billion, a price-to-earnings ratio of 112.46, a PEG ratio of 2.80 and a beta of 0.72.
GFL Environmental Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Monday, April 13th were issued a dividend of $0.0169 per share. The ex-dividend date was Monday, April 13th. This is a positive change from GFL Environmental’s previous quarterly dividend of $0.02. This represents a $0.07 annualized dividend and a yield of 0.2%. GFL Environmental’s dividend payout ratio is currently 21.88%.
Analysts Set New Price Targets
GFL has been the topic of a number of research reports. Wolfe Research initiated coverage on shares of GFL Environmental in a research report on Friday, March 13th. They set an “outperform” rating on the stock. Zacks Research downgraded shares of GFL Environmental from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 22nd. Scotiabank dropped their target price on shares of GFL Environmental from $56.00 to $52.00 and set a “sector outperform” rating on the stock in a research report on Monday, May 4th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of GFL Environmental in a research report on Wednesday, May 13th. Finally, Weiss Ratings downgraded shares of GFL Environmental from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 15th. Twelve research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $55.00.
Get Our Latest Stock Report on GFL Environmental
About GFL Environmental
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.
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