XTX Topco Ltd Makes New $259,000 Investment in GFL Environmental Inc. (NYSE:GFL)

XTX Topco Ltd purchased a new position in shares of GFL Environmental Inc. (NYSE:GFL) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,352 shares of the company’s stock, valued at approximately $259,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GFL. Millstone Evans Group LLC raised its stake in shares of GFL Environmental by 147.8% during the 1st quarter. Millstone Evans Group LLC now owns 560 shares of the company’s stock valued at $27,000 after buying an additional 334 shares during the last quarter. Bessemer Group Inc. purchased a new position in shares of GFL Environmental in the 1st quarter valued at about $28,000. LRI Investments LLC purchased a new position in shares of GFL Environmental in the 1st quarter valued at about $34,000. Natixis purchased a new stake in GFL Environmental during the 4th quarter worth approximately $49,000. Finally, Harbor Investment Advisory LLC purchased a new stake in GFL Environmental during the 1st quarter worth approximately $53,000. Institutional investors and hedge funds own 64.70% of the company’s stock.

Wall Street Analyst Weigh In

GFL has been the topic of several recent research reports. Seaport Res Ptn upgraded GFL Environmental to a “strong-buy” rating in a report on Tuesday, May 6th. National Bank Financial upgraded GFL Environmental to a “strong-buy” rating in a report on Monday, May 26th. Raymond James Financial reiterated an “outperform” rating and issued a $57.00 price objective (up from $56.00) on shares of GFL Environmental in a report on Friday, May 2nd. JPMorgan Chase & Co. assumed coverage on GFL Environmental in a report on Friday, May 23rd. They issued a “neutral” rating and a $54.00 price objective on the stock. Finally, Truist Financial upped their price objective on GFL Environmental from $58.00 to $60.00 and gave the company a “buy” rating in a report on Friday, August 1st. One research analyst has rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $57.86.

GFL Environmental Stock Up 1.0%

Shares of NYSE GFL opened at $51.00 on Tuesday. The firm has a market cap of $18.70 billion, a price-to-earnings ratio of 8.03 and a beta of 1.00. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.89. GFL Environmental Inc. has a 52-week low of $38.78 and a 52-week high of $52.00. The business’s 50 day moving average is $49.08 and its two-hundred day moving average is $47.95.

GFL Environmental (NYSE:GFL) last announced its earnings results on Wednesday, July 30th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.68 billion. GFL Environmental had a return on equity of 3.71% and a net margin of 48.53%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.29 earnings per share. Research analysts predict that GFL Environmental Inc. will post 0.58 EPS for the current year.

GFL Environmental Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, July 14th were given a $0.0154 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.1%. GFL Environmental’s payout ratio is 0.94%.

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.