GFL Environmental Inc. (NYSE:GFL) Stock Holdings Increased by DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in GFL Environmental Inc. (NYSE:GFL - Free Report) by 3.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 659,375 shares of the company's stock after purchasing an additional 22,104 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned 0.17% of GFL Environmental worth $29,369,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Norges Bank purchased a new position in GFL Environmental during the fourth quarter worth $126,420,000. Capital Research Global Investors raised its holdings in shares of GFL Environmental by 11.4% in the 4th quarter. Capital Research Global Investors now owns 26,973,784 shares of the company's stock worth $1,201,406,000 after purchasing an additional 2,751,618 shares during the period. FMR LLC increased its position in shares of GFL Environmental by 10.0% in the fourth quarter. FMR LLC now owns 27,664,678 shares of the company's stock worth $1,233,223,000 after acquiring an additional 2,506,021 shares in the last quarter. Cohen & Steers Inc. purchased a new position in GFL Environmental in the fourth quarter valued at about $51,505,000. Finally, Paralel Advisors LLC acquired a new position in GFL Environmental during the 4th quarter worth approximately $44,540,000. 64.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on GFL shares. Citigroup dropped their target price on GFL Environmental from $56.00 to $53.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. UBS Group boosted their target price on shares of GFL Environmental from $50.00 to $57.00 and gave the company a "buy" rating in a research note on Friday, April 4th. Truist Financial raised their target price on shares of GFL Environmental from $54.00 to $58.00 and gave the stock a "buy" rating in a report on Wednesday, April 2nd. Seaport Res Ptn raised GFL Environmental to a "strong-buy" rating in a report on Tuesday, May 6th. Finally, Royal Bank of Canada increased their target price on GFL Environmental from $53.00 to $56.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $54.14.

GFL Environmental Stock Performance

Shares of NYSE GFL traded down $0.97 during midday trading on Monday, reaching $48.68. 2,342,179 shares of the company traded hands, compared to its average volume of 1,485,420. The company has a market cap of $19.15 billion, a price-to-earnings ratio of -36.60 and a beta of 1.08. The stock has a 50-day moving average price of $47.92 and a 200 day moving average price of $45.72. GFL Environmental Inc. has a 52 week low of $30.57 and a 52 week high of $52.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.58 and a quick ratio of 0.58.

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

GFL Environmental Increases Dividend

The company also recently disclosed 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 0.13%. This is an increase from GFL Environmental's previous quarterly dividend of $0.01. GFL Environmental's payout ratio is currently 1.23%.

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.