Entropy Technologies LP Raises Stake in GFL Environmental Inc. $GFL

Entropy Technologies LP boosted its stake in GFL Environmental Inc. (NYSE:GFL) by 289.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,204 shares of the company’s stock after acquiring an additional 29,134 shares during the period. Entropy Technologies LP’s holdings in GFL Environmental were worth $1,684,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. purchased a new position in shares of GFL Environmental in the 3rd quarter valued at approximately $33,000. EverSource Wealth Advisors LLC lifted its holdings in shares of GFL Environmental by 43.1% during the second quarter. EverSource Wealth Advisors LLC now owns 727 shares of the company’s stock worth $37,000 after purchasing an additional 219 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in shares of GFL Environmental by 45.2% during the third quarter. Caitong International Asset Management Co. Ltd now owns 976 shares of the company’s stock worth $46,000 after purchasing an additional 304 shares during the period. Jones Financial Companies Lllp grew its position in 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 buying an additional 289 shares during the last quarter. Finally, Danske Bank A S purchased a new position in GFL Environmental in the 3rd quarter valued at $82,000. 64.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. downgraded shares of GFL Environmental from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $49.00 to $42.00 in a research report on Tuesday, April 14th. Citigroup dropped their price target on shares of GFL Environmental from $55.00 to $51.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Wolfe Research initiated coverage on GFL Environmental in a report on Friday, March 13th. They issued an “outperform” rating on the stock. Zacks Research cut GFL Environmental from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 22nd. Finally, Weiss Ratings cut GFL Environmental from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, May 15th. Twelve investment 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $55.00.

GFL Environmental Price Performance

Shares of NYSE:GFL opened at $35.99 on Tuesday. The firm has a market capitalization of $12.91 billion, a price-to-earnings ratio of 112.46, a price-to-earnings-growth ratio of 2.80 and a beta of 0.72. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.51 and a quick ratio of 1.51. The business’s 50 day simple moving average is $37.94 and its 200-day simple moving average is $41.34. GFL Environmental Inc. has a 12 month low of $33.33 and a 12 month high of $51.51.

GFL Environmental (NYSE:GFL) last issued 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. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.17 billion. GFL Environmental had a return on equity of 4.53% and a net margin of 3.09%.GFL Environmental’s revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.09) earnings per share. As a group, equities analysts forecast that GFL Environmental Inc. will post 0.54 earnings per share for the current fiscal year.

GFL Environmental Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Monday, April 13th were given a $0.0169 dividend. This is an increase from GFL Environmental’s previous quarterly dividend of $0.02. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Monday, April 13th. GFL Environmental’s dividend payout ratio (DPR) is 21.88%.

GFL Environmental Company 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.