Aigen Investment Management LP Makes New Investment in GFL Environmental Inc. $GFL

Aigen Investment Management LP purchased a new position in shares of GFL Environmental Inc. (NYSE:GFL) in the fourth quarter, HoldingsChannel reports. The fund purchased 21,248 shares of the company’s stock, valued at approximately $972,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GFL. Sunbelt Securities Inc. purchased a new position in shares of GFL Environmental during the 3rd quarter valued at about $33,000. EverSource Wealth Advisors LLC increased its stake in shares of GFL Environmental by 43.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 727 shares of the company’s stock valued at $37,000 after purchasing an additional 219 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of GFL Environmental by 45.2% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 976 shares of the company’s stock valued at $46,000 after purchasing an additional 304 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of GFL Environmental by 21.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,606 shares of the company’s stock valued at $75,000 after purchasing an additional 289 shares in the last quarter. Finally, Danske Bank A S purchased a new position in shares of GFL Environmental in the 3rd quarter valued at about $82,000. Institutional investors and hedge funds own 64.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on GFL shares. Citigroup cut their price target on GFL Environmental from $55.00 to $51.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. JPMorgan Chase & Co. lowered GFL Environmental from a “neutral” rating to an “underweight” rating and cut their price target for the company from $49.00 to $42.00 in a research note on Tuesday, April 14th. Zacks Research lowered GFL Environmental from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 22nd. Wolfe Research started coverage on GFL Environmental in a research note on Friday, March 13th. They issued an “outperform” rating for the company. Finally, Weiss Ratings lowered GFL Environmental from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, May 15th. Twelve research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, GFL Environmental presently has an average rating of “Moderate Buy” and an average price target of $55.00.

GFL Environmental Trading Up 0.0%

GFL stock opened at $35.98 on Monday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.32. GFL Environmental Inc. has a 12-month low of $33.33 and a 12-month high of $51.51. The stock has a market cap of $12.90 billion, a price-to-earnings ratio of 112.43, a PEG ratio of 2.80 and a beta of 0.72. The business’s 50-day moving average is $38.11 and its 200 day moving average is $41.41.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.01. GFL Environmental had a return on equity of 4.53% and a net margin of 3.09%.The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the previous year, the firm posted ($0.09) EPS. GFL Environmental’s revenue was up 5.4% compared to the same quarter last year. On average, sell-side analysts anticipate that GFL Environmental Inc. will post 0.54 EPS for the current fiscal year.

GFL Environmental Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Monday, April 13th were issued a $0.0169 dividend. This represents a $0.07 annualized dividend and a yield of 0.2%. The ex-dividend date was Monday, April 13th. This is a positive change from GFL Environmental’s previous quarterly dividend of $0.02. GFL Environmental’s payout ratio is presently 21.88%.

About GFL Environmental

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.