Is GFL Environmental (GFL) a Smart Investment Choice?

Investment management company Ave Maria recently released its “Ave Maria Focused Fund” second quarter 2022 investor letter. A copy of the same can be downloaded here. At the end of the second quarter, the fund returned -22.3% compared to -17.46% for the S&P MidCap 400 Growth Index and -16.10% for the S&P 500 Index.  You can check the top 5 holdings of the fund to know its best picks in 2022.

Ave Maria discussed stocks like GFL Environmental Inc. (NYSE:GFL) in the second quarter investor letter. Headquartered in Vaughan, Canada, GFL Environmental Inc. (NYSE:GFL) is an environmental services providing company. On August 24, 2022, GFL Environmental Inc. (NYSE:GFL) stock closed at $28.88 per share. One-month return of GFL Environmental Inc. (NYSE:GFL)  was 5.25% and its shares lost 16.92% of their value over the last 52 weeks. GFL Environmental Inc. (NYSE:GFL)  has a market capitalization of $9.902 billion.

Here is what Ave Maria specifically said about GFL Environmental Inc. (NYSE:GFL):

“GFL Environmental Inc. (NYSE:GFL) is a growing solid waste management company. In the first quarter of 2022, revenue increased 11.3% on an organic basis and 27.4% including acquisitions. At the company’s investor day in May, the management provided increased free-cash-flow guidance for 2022, 2023 and 2024., which looks very positive.”

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GFL Environmental Inc. (NYSE:GFL) is in not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 25 hedge fund portfolios held GFL Environmental Inc. (NYSE:GFL) at the end of the first quarter which was 27 in the previous quarter.

We discussed GFL Environmental Inc. (NYSE:GFL) in another article and shared the list of stocks to invest in August according to Reddit. In addition, please check out our hedge fund investor letters Q2 2022 page for more investor letters from hedge funds and other leading investors.

Disclosure: None. This article is originally published at Insider Monkey.