GFL Environmental Inc. (NYSE:GFL) Shares Sold by Roubaix Capital LLC

Roubaix Capital LLC cut its position in GFL Environmental Inc. (NYSE:GFL - Free Report) by 19.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 98,376 shares of the company's stock after selling 24,180 shares during the quarter. GFL Environmental accounts for 2.4% of Roubaix Capital LLC's portfolio, making the stock its 14th largest position. Roubaix Capital LLC's holdings in GFL Environmental were worth $3,830,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Signaturefd LLC grew its holdings in GFL Environmental by 23.5% during the 2nd quarter. Signaturefd LLC now owns 2,149 shares of the company's stock worth $84,000 after acquiring an additional 409 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of GFL Environmental by 51.1% in the 2nd quarter. Fifth Third Bancorp now owns 1,358 shares of the company's stock worth $53,000 after purchasing an additional 459 shares during the last quarter. Tobam bought a new stake in shares of GFL Environmental in the 1st quarter worth approximately $25,000. Envestnet Portfolio Solutions Inc. grew its stake in GFL Environmental by 13.0% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 6,795 shares of the company's stock worth $234,000 after buying an additional 780 shares during the last quarter. Finally, Capital Insight Partners LLC grew its stake in GFL Environmental by 2.4% during the 2nd quarter. Capital Insight Partners LLC now owns 35,650 shares of the company's stock worth $1,388,000 after buying an additional 820 shares during the last quarter. 64.70% of the stock is owned by institutional investors and hedge funds.

GFL Environmental Price Performance

NYSE:GFL traded down $0.55 during midday trading on Thursday, hitting $40.68. 1,619,647 shares of the stock were exchanged, compared to its average volume of 1,208,339. The company has a market capitalization of $15.31 billion, a price-to-earnings ratio of 40.03 and a beta of 1.16. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.45. GFL Environmental Inc. has a one year low of $26.87 and a one year high of $43.79. The business has a 50-day moving average price of $40.03 and a two-hundred day moving average price of $36.40.

GFL Environmental (NYSE:GFL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.21 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $1.51 billion. Sell-side analysts predict that GFL Environmental Inc. will post 0.62 EPS for the current year.

GFL Environmental Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on GFL shares. Royal Bank of Canada raised their target price on GFL Environmental from $46.00 to $48.00 and gave the company an "outperform" rating in a research note on Friday, August 2nd. BMO Capital Markets lowered shares of GFL Environmental from an "outperform" rating to a "market perform" rating and reduced their target price for the company from $43.00 to $42.00 in a research note on Tuesday, July 9th. Finally, Raymond James raised their price target on shares of GFL Environmental from $43.00 to $45.00 and gave the company an "outperform" rating in a research note on Monday, July 22nd. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.64.

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.