Schwartz Investment Counsel Inc. Has $8.20 Million Stake in GFL Environmental Inc. (NYSE:GFL)

Schwartz Investment Counsel Inc. grew its holdings in GFL Environmental Inc. (NYSE:GFL - Free Report) by 5.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 210,722 shares of the company's stock after purchasing an additional 11,600 shares during the period. Schwartz Investment Counsel Inc. owned about 0.06% of GFL Environmental worth $8,203,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in GFL. Tobam bought a new stake in GFL Environmental during the first quarter worth about $25,000. Headlands Technologies LLC bought a new stake in shares of GFL Environmental during the 1st quarter worth approximately $39,000. Signaturefd LLC boosted its holdings in shares of GFL Environmental by 48.9% in the 4th quarter. Signaturefd LLC now owns 1,178 shares of the company's stock valued at $41,000 after buying an additional 387 shares during the last quarter. Cape Investment Advisory Inc. grew its stake in shares of 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 buying an additional 975 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of GFL Environmental by 51.1% in the second quarter. Fifth Third Bancorp now owns 1,358 shares of the company's stock valued at $53,000 after buying an additional 459 shares in the last quarter. Institutional investors own 64.70% of the company's stock.

GFL Environmental Stock Performance

NYSE GFL traded up $1.28 during trading on Friday, reaching $43.49. The company's stock had a trading volume of 931,143 shares, compared to its average volume of 1,225,115. GFL Environmental Inc. has a 12 month low of $26.87 and a 12 month high of $43.50. The firm has a 50 day moving average price of $39.34 and a 200 day moving average price of $36.02. The firm has a market capitalization of $16.37 billion, a price-to-earnings ratio of 41.42 and a beta of 1.16. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.29.

GFL Environmental (NYSE:GFL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.01. GFL Environmental had a positive return on equity of 3.26% and a negative net margin of 8.78%. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.51 billion. As a group, equities analysts anticipate that GFL Environmental Inc. will post 0.71 EPS for the current fiscal year.

GFL Environmental Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, July 15th were given a $0.014 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date of this dividend was Monday, July 15th. GFL Environmental's payout ratio is currently 4.76%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Royal Bank of Canada upped their price target on shares of GFL Environmental from $46.00 to $48.00 and gave the stock an "outperform" rating in a research report on Friday, August 2nd. BMO Capital Markets downgraded shares of GFL Environmental from an "outperform" rating to a "market perform" rating and cut their target price for the company from $43.00 to $42.00 in a research note on Tuesday, July 9th. Raymond James boosted their price target on GFL Environmental from $43.00 to $45.00 and gave the stock an "outperform" rating in a research report on Monday, July 22nd. Finally, TD Cowen raised their price objective on GFL Environmental from $42.00 to $43.00 and gave the company a "buy" rating in a research report on Monday, May 6th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $42.64.

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.