Cetera Investment Advisers Grows Position in GFL Environmental Inc. $GFL

Cetera Investment Advisers boosted its stake in GFL Environmental Inc. (NYSE:GFL - Free Report) by 43.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,516 shares of the company's stock after purchasing an additional 5,278 shares during the period. Cetera Investment Advisers' holdings in GFL Environmental were worth $846,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Norwood Investment Partners LP bought a new stake in GFL Environmental in the 1st quarter worth approximately $10,628,000. Allianz Asset Management GmbH grew its position in GFL Environmental by 5.7% during the first quarter. Allianz Asset Management GmbH now owns 81,643 shares of the company's stock valued at $3,943,000 after buying an additional 4,419 shares during the period. SRH Advisors LLC grew its position in GFL Environmental by 50.0% during the first quarter. SRH Advisors LLC now owns 3,000 shares of the company's stock valued at $145,000 after buying an additional 1,000 shares during the period. Millstone Evans Group LLC grew its position in GFL Environmental by 147.8% during the first quarter. Millstone Evans Group LLC now owns 560 shares of the company's stock valued at $27,000 after buying an additional 334 shares during the period. Finally, Triasima Portfolio Management inc. bought a new stake in GFL Environmental during the first quarter valued at approximately $3,225,000. Institutional investors own 64.70% of the company's stock.

GFL Environmental Price Performance

Shares of GFL traded up $0.37 during trading hours on Monday, reaching $49.93. 146,354 shares of the stock traded hands, compared to its average volume of 1,648,524. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.89. GFL Environmental Inc. has a 52-week low of $38.78 and a 52-week high of $52.00. The company's 50-day moving average price is $49.14 and its two-hundred day moving average price is $48.15. The company has a market cap of $18.14 billion, a P/E ratio of 7.86 and a beta of 1.00.

GFL Environmental (NYSE:GFL - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.19 earnings per share for the quarter, meeting analysts' consensus estimates of $0.19. GFL Environmental had a net margin of 48.53% and a return on equity of 3.71%. The company had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.68 billion. During the same quarter in the previous year, the company earned $0.29 EPS. GFL Environmental's revenue for the quarter was up 5.9% on a year-over-year basis. On average, analysts anticipate that GFL Environmental Inc. will post 0.58 earnings per share for the current year.

GFL Environmental Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, July 14th were issued a $0.0154 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.1%. GFL Environmental's dividend payout ratio (DPR) is presently 0.94%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. National Bank Financial upgraded shares of GFL Environmental to a "strong-buy" rating in a research report on Monday, May 26th. Royal Bank Of Canada boosted their target price on shares of GFL Environmental from $56.00 to $59.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Scotiabank boosted their target price on shares of GFL Environmental from $56.00 to $60.00 and gave the company a "sector outperform" rating in a research report on Friday, August 1st. Seaport Res Ptn upgraded shares of GFL Environmental to a "strong-buy" rating in a research report on Tuesday, May 6th. Finally, Citigroup boosted their target price on shares of GFL Environmental from $56.00 to $58.00 and gave the company a "buy" rating in a research report on Monday, August 4th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, GFL Environmental currently has an average rating of "Buy" and an average price target of $57.86.

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.