GFL Environmental Inc. (NYSE:GFL) Shares Purchased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board raised its holdings in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 5.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 539,906 shares of the company's stock after acquiring an additional 30,000 shares during the period. Canada Pension Plan Investment Board owned approximately 0.14% of GFL Environmental worth $24,037,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Blue Trust Inc. boosted its holdings in 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. Berbice Capital Management LLC purchased a new position in GFL Environmental during the fourth quarter valued at approximately $27,000. SRH Advisors LLC acquired a new position in GFL Environmental in the fourth quarter valued at approximately $89,000. Steward Partners Investment Advisory LLC boosted its position in GFL Environmental by 350.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,400 shares of the company's stock worth $107,000 after purchasing an additional 1,867 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its stake in shares of GFL Environmental by 6,717.9% during the 4th quarter. Venturi Wealth Management LLC now owns 2,659 shares of the company's stock worth $118,000 after purchasing an additional 2,620 shares during the period. 64.70% of the stock is owned by hedge funds and other institutional investors.

GFL Environmental Trading Down 0.6 %

Shares of NYSE GFL traded down $0.31 during mid-day trading on Friday, reaching $48.51. 456,496 shares of the company's stock were exchanged, compared to its average volume of 1,469,097. The company's 50-day moving average is $46.90 and its 200-day moving average is $44.97. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a market capitalization of $19.08 billion, a price-to-earnings ratio of -36.47 and a beta of 1.09. GFL Environmental Inc. has a 52-week low of $30.57 and a 52-week high of $49.45.

GFL Environmental (NYSE:GFL - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.03. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.98 billion. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. Analysts expect that GFL Environmental Inc. will post 0.58 EPS for the current fiscal year.

GFL Environmental Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 14th will be given a $0.0154 dividend. This is an increase from GFL Environmental's previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a yield of 0.13%. GFL Environmental's payout ratio is currently -3.87%.

Analysts Set New Price Targets

A number of research firms have weighed in on GFL. UBS Group lifted their price objective on shares of GFL Environmental from $50.00 to $57.00 and gave the company a "buy" rating in a report on Friday, April 4th. Truist Financial lifted their price target on shares of GFL Environmental from $54.00 to $58.00 and gave the company a "buy" rating in a research note on Wednesday, April 2nd. Raymond James set a $56.00 target price on shares of GFL Environmental and gave the stock an "outperform" rating in a research note on Wednesday, April 16th. Royal Bank of Canada reiterated an "outperform" rating and issued a $53.00 price objective on shares of GFL Environmental in a report on Monday, February 24th. Finally, National Bankshares reissued an "outperform" rating on shares of GFL Environmental in a report on Tuesday, March 11th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $52.00.

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.