XTX Topco Ltd Makes New Investment in GFL Environmental Inc. (NYSE:GFL)

XTX Topco Ltd bought a new stake in shares of GFL Environmental Inc. (NYSE:GFL) in the second quarter, HoldingsChannel reports. The institutional investor bought 32,655 shares of the company’s stock, valued at approximately $1,271,000.

A number of other institutional investors have also recently modified their holdings of GFL. Vanguard Personalized Indexing Management LLC acquired a new position in GFL Environmental in the second quarter valued at about $318,000. Mercer Global Advisors Inc. ADV bought a new position in GFL Environmental in the 2nd quarter valued at about $310,000. Dimensional Fund Advisors LP raised its position in shares of GFL Environmental by 23.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 731,556 shares of the company’s stock valued at $28,479,000 after buying an additional 137,845 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of GFL Environmental by 23.2% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 485,117 shares of the company’s stock worth $18,886,000 after acquiring an additional 91,421 shares during the period. Finally, WINTON GROUP Ltd acquired a new stake in shares of GFL Environmental during the 2nd quarter worth approximately $1,409,000. 64.70% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

GFL Environmental Price Performance

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

GFL Environmental (NYSE:GFL) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.01. GFL Environmental had a positive return on equity of 3.32% and a negative net margin of 8.78%. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.51 billion. Analysts anticipate that GFL Environmental Inc. will post 0.62 earnings per share for the current fiscal year.

GFL Environmental Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th were issued a dividend of $0.014 per share. The ex-dividend date of this dividend was Monday, July 15th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.14%. GFL Environmental’s dividend payout ratio (DPR) is presently 4.85%.

About GFL Environmental

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.