Caisse DE Depot ET Placement DU Quebec Has $36.59 Million Holdings in GFL Environmental Inc. (NYSE:GFL)

Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 21.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 821,270 shares of the company's stock after purchasing an additional 145,193 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 0.21% of GFL Environmental worth $36,592,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GFL. Erste Asset Management GmbH raised its stake in shares of GFL Environmental by 2.0% in the 4th quarter. Erste Asset Management GmbH now owns 13,371 shares of the company's stock valued at $597,000 after acquiring an additional 261 shares in the last quarter. Metis Global Partners LLC increased its position in shares of GFL Environmental by 5.4% in the fourth quarter. Metis Global Partners LLC now owns 5,790 shares of the company's stock valued at $258,000 after acquiring an additional 298 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of GFL Environmental by 124.9% in the fourth quarter. Blue Trust Inc. now owns 551 shares of the company's stock valued at $25,000 after purchasing an additional 306 shares during the last quarter. US Bancorp DE increased its stake in GFL Environmental by 12.5% during the 4th quarter. US Bancorp DE now owns 2,890 shares of the company's stock worth $129,000 after acquiring an additional 321 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its stake in shares of GFL Environmental by 1.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 31,503 shares of the company's stock valued at $1,403,000 after acquiring an additional 351 shares during the last quarter. Institutional investors and hedge funds own 64.70% of the company's stock.

GFL Environmental Price Performance

GFL traded down $0.46 during trading on Thursday, reaching $50.78. The company's stock had a trading volume of 547,462 shares, compared to its average volume of 1,470,903. The firm has a fifty day simple moving average of $47.76 and a two-hundred day simple moving average of $45.54. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.27. The company has a market cap of $19.98 billion, a price-to-earnings ratio of -38.18 and a beta of 1.08. GFL Environmental Inc. has a 1 year low of $30.57 and a 1 year high of $53.60.

GFL Environmental (NYSE:GFL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.10). The company had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.52 billion. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. The firm's revenue was down 13.4% on a year-over-year basis. As a group, analysts anticipate that GFL Environmental Inc. will post 0.58 EPS for the current year.

GFL Environmental Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, April 14th were paid a $0.0154 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.12%. This is a positive change from GFL Environmental's previous quarterly dividend of $0.01. GFL Environmental's dividend payout ratio is 1.23%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Truist Financial raised their price objective on GFL Environmental from $54.00 to $58.00 and gave the company a "buy" rating in a research note on Wednesday, April 2nd. UBS Group lifted their target price on shares of GFL Environmental from $50.00 to $57.00 and gave the stock a "buy" rating in a research note on Friday, April 4th. Citigroup cut their target price on GFL Environmental from $56.00 to $53.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Scotiabank reaffirmed an "outperform" rating on shares of GFL Environmental in a report on Monday. Finally, National Bankshares reiterated an "outperform" rating on shares of GFL Environmental in a research report on Tuesday, March 11th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $54.14.

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.