33,277 Shares in GFL Environmental Inc. (NYSE:GFL) Acquired by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC purchased a new stake in GFL Environmental Inc. (NYSE:GFL - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 33,277 shares of the company's stock, valued at approximately $1,608,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Bessemer Group Inc. acquired a new stake in shares of GFL Environmental in the first quarter worth $28,000. Natixis purchased a new stake in GFL Environmental in the 4th quarter worth about $49,000. Harbor Investment Advisory LLC acquired a new stake in GFL Environmental during the 1st quarter worth about $53,000. Versant Capital Management Inc grew its stake in GFL Environmental by 3,470.3% during the 1st quarter. Versant Capital Management Inc now owns 1,321 shares of the company's stock valued at $64,000 after acquiring an additional 1,284 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of GFL Environmental by 81.9% in the 1st quarter. Fifth Third Bancorp now owns 1,643 shares of the company's stock valued at $79,000 after purchasing an additional 740 shares during the period. Institutional investors and hedge funds own 64.70% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on GFL. Citigroup upped their price objective on shares of GFL Environmental from $53.00 to $56.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Scotiabank reissued an "outperform" rating on shares of GFL Environmental in a research report on Monday, May 5th. Seaport Res Ptn raised GFL Environmental to a "strong-buy" rating in a research note on Tuesday, May 6th. Raymond James Financial reaffirmed an "outperform" rating and set a $57.00 price objective (up previously from $56.00) on shares of GFL Environmental in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. began coverage on shares of GFL Environmental in a report on Friday, May 23rd. They set a "neutral" rating and a $54.00 price target on the stock. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $56.29.

GFL Environmental Stock Performance

GFL traded down $0.03 on Friday, hitting $47.32. 717,507 shares of the stock traded hands, compared to its average volume of 1,466,741. The business has a fifty day moving average price of $49.51 and a two-hundred day moving average price of $47.13. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $17.35 billion, a PE ratio of 86.09 and a beta of 1.03. GFL Environmental Inc. has a 52 week low of $37.00 and a 52 week high of $52.00.

GFL Environmental (NYSE:GFL - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.10). The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.52 billion. GFL Environmental had a return on equity of 3.93% and a net margin of 36.01%. The company's quarterly revenue was down 13.4% compared to the same quarter last year. On average, research analysts predict that GFL Environmental Inc. will post 0.58 EPS for the current fiscal year.

GFL Environmental Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, July 14th will be given a $0.0154 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.13%. GFL Environmental's dividend payout ratio (DPR) is 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.