XTX Topco Ltd Takes Position in GFL Environmental Inc. (NYSE:GFL)

XTX Topco Ltd acquired a new position in GFL Environmental Inc. (NYSE:GFL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 32,655 shares of the company’s stock, valued at approximately $1,271,000.

Several other large investors have also added to or reduced their stakes in GFL. Tobam bought a new stake in GFL Environmental during the 1st quarter worth about $25,000. Headlands Technologies LLC bought a new stake in GFL Environmental during the first quarter worth about $39,000. Cape Investment Advisory Inc. grew its stake in GFL Environmental by 325.0% in the first quarter. Cape Investment Advisory Inc. now owns 1,275 shares of the company’s stock valued at $44,000 after purchasing an additional 975 shares in the last quarter. Fifth Third Bancorp increased its position in shares of GFL Environmental by 51.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,358 shares of the company’s stock worth $53,000 after purchasing an additional 459 shares during the last quarter. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of GFL Environmental in the 1st quarter valued at approximately $69,000. Institutional investors and hedge funds own 64.70% of the company’s stock.

Analysts Set New Price Targets

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

GFL Environmental Trading Down 1.0 %

Shares of GFL stock opened at $39.27 on Friday. GFL Environmental Inc. has a 12-month low of $26.87 and a 12-month high of $43.79. The company has a market capitalization of $14.78 billion, a PE ratio of 38.13 and a beta of 1.16. The firm has a 50 day moving average price of $40.30 and a two-hundred day moving average price of $36.73. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.45.

GFL Environmental (NYSE:GFL) last announced its earnings results on Wednesday, July 31st. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The company 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%. As a group, analysts predict that GFL Environmental Inc. will post 0.62 earnings per share for the current year.

GFL Environmental Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, July 15th were given 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 of this dividend was Monday, July 15th. GFL Environmental’s dividend payout ratio is 4.85%.

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.