Roubaix Capital LLC Has $3.83 Million Holdings in GFL Environmental Inc. (NYSE:GFL)

Roubaix Capital LLC decreased its position in shares of GFL Environmental Inc. (NYSE:GFL) by 19.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 98,376 shares of the company’s stock after selling 24,180 shares during the period. GFL Environmental comprises 2.4% of Roubaix Capital LLC’s portfolio, making the stock its 14th biggest position. Roubaix Capital LLC’s holdings in GFL Environmental were worth $3,830,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Tobam bought a new stake in GFL Environmental during the 1st quarter worth about $25,000. Headlands Technologies LLC bought a new stake in shares of GFL Environmental during the first quarter valued at approximately $39,000. Cape Investment Advisory Inc. increased its holdings 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 purchasing an additional 975 shares in the last quarter. Fifth Third Bancorp raised its position in 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. Finally, Central Pacific Bank Trust Division acquired a new position in GFL Environmental during the 1st quarter worth $69,000. Institutional investors own 64.70% of the company’s stock.

Analyst Ratings Changes

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

GFL Environmental Stock Performance

Shares of NYSE:GFL opened at $41.23 on Thursday. The company has a market capitalization of $15.52 billion, a price-to-earnings ratio of 40.03 and a beta of 1.16. The firm’s 50 day simple moving average is $40.03 and its 200 day simple moving average is $36.40. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.89 and a quick ratio of 0.89. GFL Environmental Inc. has a fifty-two week low of $26.87 and a fifty-two week high of $43.79.

GFL Environmental (NYSE:GFL) last posted its earnings results on Wednesday, July 31st. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $1.51 billion. As a group, sell-side analysts forecast that GFL Environmental Inc. will post 0.62 earnings per share for the current year.

GFL Environmental Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th were paid a $0.014 dividend. The ex-dividend date was Monday, July 15th. This represents a $0.06 dividend on an annualized basis and a yield of 0.14%. GFL Environmental’s payout ratio is 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.