Whipplewood Advisors LLC Takes Position in GFL Environmental Inc. (NYSE:GFL)

Whipplewood Advisors LLC purchased a new stake in GFL Environmental Inc. (NYSE:GFL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,340 shares of the company’s stock, valued at approximately $149,000.

A number of other large investors also recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its stake in shares of GFL Environmental by 13.8% in the 4th quarter. Bank of New York Mellon Corp now owns 187,325 shares of the company’s stock valued at $8,343,000 after purchasing an additional 22,699 shares during the period. TCW Group Inc. lifted its stake in shares of GFL Environmental by 14.6% in the 4th quarter. TCW Group Inc. now owns 24,746 shares of the company’s stock valued at $1,102,000 after purchasing an additional 3,148 shares during the period. First Horizon Advisors Inc. lifted its stake in shares of GFL Environmental by 17.3% in the 4th quarter. First Horizon Advisors Inc. now owns 5,371 shares of the company’s stock valued at $239,000 after purchasing an additional 792 shares during the period. FDx Advisors Inc. lifted its stake in shares of GFL Environmental by 5.5% in the 4th quarter. FDx Advisors Inc. now owns 11,782 shares of the company’s stock valued at $525,000 after purchasing an additional 616 shares during the period. Finally, Key Financial Inc lifted its stake in shares of GFL Environmental by 90.9% in the 4th quarter. Key Financial Inc now owns 3,043 shares of the company’s stock valued at $136,000 after purchasing an additional 1,449 shares during the period. Institutional investors and hedge funds own 64.70% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on GFL. Stifel Nicolaus raised GFL Environmental from a “hold” rating to a “buy” rating in a research note on Tuesday. Raymond James raised their price objective on GFL Environmental from $47.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Scotiabank dropped their price objective on GFL Environmental from $51.00 to $50.00 and set a “sector outperform” rating on the stock in a research note on Monday, January 27th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $53.00 price objective on shares of GFL Environmental in a research note on Monday. Finally, Citigroup began coverage on GFL Environmental in a research note on Monday, January 27th. They set a “buy” rating and a $53.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, GFL Environmental has an average rating of “Moderate Buy” and a consensus target price of $49.56.

GFL Environmental Stock Performance

GFL opened at $43.11 on Friday. The business’s 50-day moving average price is $44.38 and its two-hundred day moving average price is $43.13. GFL Environmental Inc. has a 1 year low of $30.57 and a 1 year high of $48.87. The company has a market capitalization of $16.96 billion, a price-to-earnings ratio of -32.41 and a beta of 1.17. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.58 and a quick ratio of 0.58.

GFL Environmental (NYSE:GFL) last released its quarterly earnings results on Monday, February 24th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.98 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. Equities analysts expect that GFL Environmental Inc. will post 0.58 EPS for the current fiscal year.

GFL Environmental Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 13th were issued a $0.014 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.13%. The ex-dividend date of this dividend was Monday, January 13th. GFL Environmental’s payout ratio is -3.76%.

GFL Environmental Company Profile

GFL Environmental Inc offers non-hazardous solid waste management and environmental services in Canada and the United States. It offers solid waste management, liquid waste management, and soil remediation services, including collection, transportation, transfer, recycling, and disposal services for municipal, residential, and commercial, and industrial customers.