Barclays PLC Has $23.44 Million Stock Holdings in GFL Environmental Inc. $GFL

Barclays PLC raised its stake in GFL Environmental Inc. (NYSE:GFL) by 18.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 494,693 shares of the company’s stock after purchasing an additional 77,401 shares during the period. Barclays PLC owned 0.14% of GFL Environmental worth $23,439,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in GFL. Berbice Capital Management LLC bought a new stake in GFL Environmental in the 2nd quarter valued at about $25,000. EverSource Wealth Advisors LLC boosted its holdings in GFL Environmental by 43.1% in the second quarter. EverSource Wealth Advisors LLC now owns 727 shares of the company’s stock worth $37,000 after acquiring an additional 219 shares in the last quarter. Compass Financial Services Inc boosted its holdings in GFL Environmental by 63.0% in the second quarter. Compass Financial Services Inc now owns 820 shares of the company’s stock worth $41,000 after acquiring an additional 317 shares in the last quarter. Jones Financial Companies Lllp grew its stake in GFL Environmental by 21.9% in the third 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, First Horizon Corp bought a new stake in shares of GFL Environmental during the third quarter valued at approximately $116,000. Institutional investors and hedge funds own 64.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. The Goldman Sachs Group started coverage on GFL Environmental in a report on Monday, November 24th. They issued a “neutral” rating and a $50.00 target price on the stock. Weiss Ratings lowered shares of GFL Environmental from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, February 9th. Wells Fargo & Company assumed coverage on shares of GFL Environmental in a report on Thursday, November 13th. They set an “overweight” rating for the company. JPMorgan Chase & Co. boosted their target price on shares of GFL Environmental from $46.75 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Finally, Citigroup lowered their target price on shares of GFL Environmental from $58.00 to $56.00 and set a “buy” rating on the stock in a report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, GFL Environmental presently has an average rating of “Moderate Buy” and a consensus price target of $56.67.

GFL Environmental Stock Down 0.4%

GFL Environmental stock opened at $43.33 on Thursday. The stock has a market cap of $15.51 billion, a PE ratio of 6.37, a price-to-earnings-growth ratio of 3.39 and a beta of 0.86. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.58 and a current ratio of 0.58. The firm’s 50-day simple moving average is $43.23 and its 200 day simple moving average is $44.74. GFL Environmental Inc. has a fifty-two week low of $40.83 and a fifty-two week high of $52.00.

GFL Environmental (NYSE:GFL) last released its earnings results on Wednesday, February 11th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.12. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.67 billion. GFL Environmental had a return on equity of 3.66% and a net margin of 56.61%.The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.58) EPS. Research analysts predict that GFL Environmental Inc. will post 0.58 EPS for the current fiscal year.

GFL Environmental Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Tuesday, January 13th were issued a $0.0154 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Tuesday, January 13th. GFL Environmental’s dividend payout ratio (DPR) is presently 0.88%.

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.