Susquehanna Fundamental Investments LLC Buys New Shares in GFL Environmental Inc. (NYSE:GFL)

Susquehanna Fundamental Investments LLC acquired a new stake in shares of GFL Environmental Inc. (NYSE:GFL) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 29,400 shares of the company’s stock, valued at approximately $1,145,000.

A number of other institutional investors have also recently bought and sold shares of the business. Capital Research Global Investors grew its holdings in GFL Environmental by 17.4% during the 1st quarter. Capital Research Global Investors now owns 19,851,514 shares of the company’s stock valued at $684,877,000 after buying an additional 2,935,811 shares in the last quarter. Vanguard Group Inc. lifted its holdings in GFL Environmental by 9.4% in the 1st quarter. Vanguard Group Inc. now owns 7,914,590 shares of the company’s stock worth $273,053,000 after buying an additional 683,120 shares during the period. Fred Alger Management LLC grew its stake in GFL Environmental by 7.1% in the second quarter. Fred Alger Management LLC now owns 6,221,767 shares of the company’s stock worth $242,213,000 after purchasing an additional 411,128 shares during the period. Millennium Management LLC increased its stake in shares of GFL Environmental by 40.0% during the second quarter. Millennium Management LLC now owns 5,649,169 shares of the company’s stock valued at $219,922,000 after purchasing an additional 1,614,182 shares in the last quarter. Finally, Maverick Capital Ltd. increased its holdings in shares of GFL Environmental by 22.1% during the second quarter. Maverick Capital Ltd. now owns 3,285,656 shares of the company’s stock valued at $127,911,000 after acquiring an additional 595,259 shares in the last quarter. Institutional investors own 64.70% of the company’s stock.

GFL Environmental Trading Down 0.4 %

Shares of GFL stock opened at $39.72 on Wednesday. The company has a 50 day moving average price of $40.39 and a 200 day moving average price of $37.01. The stock has a market capitalization of $14.95 billion, a P/E ratio of 80.59 and a beta of 1.16. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.89 and a current ratio of 0.89. GFL Environmental Inc. has a fifty-two week low of $26.87 and a fifty-two week high of $43.79.

GFL Environmental (NYSE:GFL) last posted its earnings results on Wednesday, July 31st. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.20 by $0.01. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.51 billion. GFL Environmental had a positive return on equity of 3.32% and a negative net margin of 8.78%. Equities research analysts predict that GFL Environmental Inc. will post 0.62 EPS for the current fiscal year.

GFL Environmental Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, July 15th were paid a dividend of $0.014 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date was Monday, July 15th.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Raymond James upped their price objective on GFL Environmental from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. Royal Bank of Canada upped their price target on shares of GFL Environmental from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Finally, BMO Capital Markets downgraded GFL Environmental from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $43.00 to $42.00 in a report on Tuesday, July 9th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, GFL Environmental currently has an average rating of “Moderate Buy” and an average price target of $42.64.

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.