Duff & Phelps Investment Management Co. Has $10.56 Million Holdings in GFL Environmental Inc. (NYSE:GFL)

Duff & Phelps Investment Management Co. lifted its position in GFL Environmental Inc. (NYSE:GFL) by 5.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 271,360 shares of the company’s stock after purchasing an additional 14,579 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in GFL Environmental were worth $10,564,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Tobam bought a new stake in GFL Environmental in the 1st quarter valued at $25,000. Headlands Technologies LLC bought a new stake in GFL Environmental in the first quarter valued at about $39,000. Cape Investment Advisory Inc. increased 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 acquiring an additional 975 shares during the period. Fifth Third Bancorp raised its position in GFL Environmental by 51.1% in the second quarter. Fifth Third Bancorp now owns 1,358 shares of the company’s stock worth $53,000 after purchasing an additional 459 shares in the last quarter. Finally, Central Pacific Bank Trust Division bought a new position in GFL Environmental during the first quarter worth about $69,000. 64.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

GFL Environmental Stock Performance

GFL Environmental stock opened at $39.32 on Friday. The stock has a 50-day simple moving average of $40.38 and a 200 day simple moving average of $36.91. The stock has a market capitalization of $14.80 billion, a price-to-earnings ratio of 81.41 and a beta of 1.16. 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 Inc. has a 12-month low of $26.87 and a 12-month high of $43.79.

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. GFL Environmental had a negative net margin of 8.78% and a positive return on equity of 3.32%. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.51 billion. On average, research analysts anticipate that GFL Environmental Inc. will post 0.62 earnings per share for the current fiscal year.

GFL Environmental Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th were given a $0.014 dividend. The ex-dividend date of this dividend was Monday, July 15th. This represents a $0.06 dividend on an annualized basis and a yield of 0.14%.

GFL Environmental 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.