13,201 Shares in GFL Environmental Inc. (NYSE:GFL) Purchased by Net Worth Advisory Group

Net Worth Advisory Group bought a new stake in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,201 shares of the company's stock, valued at approximately $638,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. FMR LLC grew its holdings in shares of GFL Environmental by 10.0% during the fourth quarter. FMR LLC now owns 27,664,678 shares of the company's stock valued at $1,233,223,000 after buying an additional 2,506,021 shares during the last quarter. Capital Research Global Investors boosted its position in shares of GFL Environmental by 11.4% during 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. Fred Alger Management LLC boosted its position in GFL Environmental by 1.9% in the 4th quarter. Fred Alger Management LLC now owns 10,411,148 shares of the company's stock valued at $463,713,000 after buying an additional 190,018 shares during the period. Vanguard Group Inc. boosted its position in GFL Environmental by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 8,697,180 shares of the company's stock valued at $387,705,000 after buying an additional 217,096 shares during the period. Finally, Soros Fund Management LLC raised its stake in GFL Environmental by 1.5% during the 4th quarter. Soros Fund Management LLC now owns 3,203,904 shares of the company's stock worth $142,702,000 after acquiring an additional 47,577 shares in the last quarter. Institutional investors own 64.70% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on GFL. Royal Bank of Canada lifted their target price on shares of GFL Environmental from $53.00 to $56.00 and gave the company an "outperform" rating in a report on Monday, May 5th. Scotiabank restated an "outperform" rating on shares of GFL Environmental in a research note on Monday, May 5th. UBS Group increased their target price on shares of GFL Environmental from $50.00 to $57.00 and gave the stock a "buy" rating in a report on Friday, April 4th. National Bank Financial upgraded shares of GFL Environmental to a "strong-buy" rating in a report on Monday, May 26th. Finally, Raymond James reissued an "outperform" rating and issued a $57.00 price target (up previously from $56.00) on shares of GFL Environmental in a research report on Friday, May 2nd. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, GFL Environmental currently has a consensus rating of "Buy" and an average price target of $54.50.

GFL Environmental Stock Down 1.1%

Shares of GFL traded down $0.54 during trading hours on Friday, reaching $50.22. The stock had a trading volume of 580,453 shares, compared to its average volume of 1,447,787. The company has a market capitalization of $18.42 billion, a price-to-earnings ratio of -37.76 and a beta of 1.04. The firm has a 50-day simple moving average of $49.18 and a 200 day simple moving average of $46.70. GFL Environmental Inc. has a 12 month low of $37.00 and a 12 month high of $52.00. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.27.

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

GFL Environmental Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, April 14th were paid a dividend of $0.0154 per share. This is a boost from GFL Environmental's previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a dividend yield of 0.12%. GFL Environmental's payout ratio is 1.23%.

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.