GFL Environmental Inc. $GFL Shares Bought by Nordea Investment Management AB

Key Points

• Nordea Investment Management AB boosted its stake in GFL by 40.8% in Q4, buying 1.93 million shares to hold 6,673,954 shares (about 1.86%) valued at roughly $290.1 million.
• GFL beat EPS estimates ($0.26 vs. $0.14) but missed revenue expectations ($1.23B vs. $1.67B), and the stock slid about 4.1%, opening near $40.77—around its 52‑week low of $40.67.
• Analysts have a consensus rating of “Moderate Buy” with a $56.67 average target, while the company trades at a $14.59 billion market cap and a P/E of 6.0.

Nordea Investment Management AB grew its holdings in GFL Environmental Inc. (NYSE:GFL - Free Report) by 40.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,673,954 shares of the company's stock after purchasing an additional 1,932,442 shares during the quarter. Nordea Investment Management AB owned about 1.86% of GFL Environmental worth $290,083,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jones Financial Companies Lllp increased its holdings in shares of GFL Environmental by 684.5% in the first quarter. Jones Financial Companies Lllp now owns 2,573 shares of the company's stock valued at $124,000 after purchasing an additional 2,245 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in GFL Environmental by 94.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 714,438 shares of the company's stock valued at $34,514,000 after buying an additional 346,394 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in GFL Environmental by 3.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 458,936 shares of the company's stock valued at $22,171,000 after buying an additional 14,252 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of GFL Environmental by 11.1% in the 2nd quarter. Geode Capital Management LLC now owns 1,592,253 shares of the company's stock worth $79,783,000 after acquiring an additional 158,667 shares during the last quarter. Finally, Creative Planning increased its stake in shares of GFL Environmental by 7.4% in the 2nd quarter. Creative Planning now owns 31,195 shares of the company's stock worth $1,574,000 after acquiring an additional 2,152 shares during the last quarter. 64.70% of the stock is currently owned by institutional investors and hedge funds.

GFL Environmental Stock Down 4.1%

Shares of NYSE GFL opened at $40.77 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.05. The business's 50 day moving average is $43.21 and its two-hundred day moving average is $44.38. GFL Environmental Inc. has a 52-week low of $40.67 and a 52-week high of $52.00. The firm has a market cap of $14.59 billion, a price-to-earnings ratio of 6.00, a PEG ratio of 3.18 and a beta of 0.86.

GFL Environmental (NYSE:GFL - Get Free Report) last released its quarterly earnings results on Wednesday, February 11th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.14 by $0.12. GFL Environmental had a return on equity of 3.66% and a net margin of 56.61%.The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period last year, the business posted ($0.58) earnings per share. The company's quarterly revenue was up 7.3% on a year-over-year basis. Research analysts predict that GFL Environmental Inc. will post 0.58 EPS for the current year.

GFL Environmental Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Tuesday, January 13th were issued a dividend of $0.0154 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Tuesday, January 13th. GFL Environmental's dividend payout ratio (DPR) is 0.88%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Scotiabank lowered their price target on shares of GFL Environmental from $57.00 to $56.00 and set a "sector outperform" rating on the stock in a research report on Thursday, February 12th. Wolfe Research started coverage on shares of GFL Environmental in a research note on Friday, March 13th. They set an "outperform" rating on the stock. The Goldman Sachs Group assumed coverage on shares of GFL Environmental in a report on Monday, November 24th. They issued a "neutral" rating and a $50.00 target price on the stock. Royal Bank Of Canada increased their price target on shares of GFL Environmental from $59.00 to $60.00 and gave the company an "outperform" rating in a research note on Thursday, February 12th. Finally, JPMorgan Chase & Co. increased their price target on GFL Environmental from $46.75 to $48.00 and gave the stock a "neutral" rating in a report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $56.67.

GFL Environmental Profile

GFL Environmental Inc is a leading North American provider of diversified environmental services, offering comprehensive solutions across solid waste management, liquid waste management, soil remediation and infrastructure services. The company's core business activities include residential, commercial and industrial waste collection, recycling, composting and landfill management. In addition to traditional waste services, GFL provides specialized liquid waste hauling, treatment and disposal services as well as environmental consulting to support industrial and municipal clients in meeting regulatory and sustainability goals.

Founded in 2007 by entrepreneur Patrick Dovigi, GFL Environmental has pursued an aggressive growth strategy driven by strategic acquisitions and organic expansion.

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