GFL Environmental Inc. (NYSE:GFL) is Norwood Investment Partners LP’s 4th Largest Position

Norwood Investment Partners LP increased its holdings in GFL Environmental Inc. (NYSE:GFL) by 5.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 538,219 shares of the company’s stock after acquiring an additional 28,219 shares during the quarter. GFL Environmental makes up about 12.8% of Norwood Investment Partners LP’s investment portfolio, making the stock its 4th largest position. Norwood Investment Partners LP owned approximately 0.16% of GFL Environmental worth $18,536,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in GFL. Advisor Group Holdings Inc. lifted its position in shares of GFL Environmental by 49.7% during the first quarter. Advisor Group Holdings Inc. now owns 11,312 shares of the company’s stock valued at $368,000 after buying an additional 3,758 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of GFL Environmental by 11.3% during the first quarter. JPMorgan Chase & Co. now owns 474,113 shares of the company’s stock valued at $15,428,000 after buying an additional 47,959 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of GFL Environmental by 1.9% during the first quarter. Bank of New York Mellon Corp now owns 168,448 shares of the company’s stock valued at $5,482,000 after buying an additional 3,132 shares during the last quarter. Citigroup Inc. lifted its position in shares of GFL Environmental by 718.0% during the first quarter. Citigroup Inc. now owns 3,918 shares of the company’s stock valued at $128,000 after buying an additional 3,439 shares during the last quarter. Finally, BlackRock Inc. lifted its position in shares of GFL Environmental by 67.9% during the first quarter. BlackRock Inc. now owns 4,132,297 shares of the company’s stock valued at $134,465,000 after buying an additional 1,670,653 shares during the last quarter. 64.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on GFL shares. TD Securities increased their price objective on shares of GFL Environmental from $58.00 to $59.00 and gave the company a “buy” rating in a research report on Thursday, July 20th. TheStreet lowered shares of GFL Environmental from a “c-” rating to a “d+” rating in a research report on Monday, August 7th. Finally, Raymond James increased their price objective on shares of GFL Environmental from $40.00 to $41.00 and gave the company an “outperform” rating in a research report on Friday, July 21st. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $42.75.

GFL Environmental Stock Performance

Shares of NYSE GFL traded down $0.17 during midday trading on Wednesday, reaching $32.38. 167,018 shares of the stock were exchanged, compared to its average volume of 1,249,908. GFL Environmental Inc. has a twelve month low of $23.10 and a twelve month high of $39.06. The firm has a 50-day simple moving average of $35.11 and a two-hundred day simple moving average of $34.97. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.77 and a quick ratio of 0.77.

GFL Environmental (NYSE:GFL) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.16. GFL Environmental had a negative net margin of 4.44% and a positive return on equity of 4.38%. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.47 billion. As a group, sell-side analysts predict that GFL Environmental Inc. will post 0.88 earnings per share for the current year.

GFL Environmental Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Monday, July 17th were paid a $0.013 dividend. The ex-dividend date was Friday, July 14th. This represents a $0.05 dividend on an annualized basis and a yield of 0.16%. GFL Environmental’s dividend payout ratio is currently -5.81%.

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.