Nuveen Asset Management LLC Grows Stake in GFL Environmental Inc. (NYSE:GFL)

Nuveen Asset Management LLC boosted its position in GFL Environmental Inc. (NYSE:GFL - Free Report) by 32.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 489,476 shares of the company's stock after purchasing an additional 119,994 shares during the period. Nuveen Asset Management LLC owned approximately 0.12% of GFL Environmental worth $21,805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in GFL. Norges Bank bought a new stake in GFL Environmental in the fourth quarter worth about $126,420,000. Capital Research Global Investors lifted its stake in GFL Environmental by 11.4% in the fourth 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 last quarter. FMR LLC lifted its stake in 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 purchasing an additional 2,506,021 shares during the last quarter. Cohen & Steers Inc. bought a new stake in GFL Environmental in the fourth quarter worth about $51,505,000. Finally, Paralel Advisors LLC bought a new stake in GFL Environmental in the fourth quarter worth about $44,540,000. Institutional investors own 64.70% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on GFL. Scotiabank reissued an "outperform" rating on shares of GFL Environmental in a research note on Monday, May 5th. Stifel Nicolaus raised shares of GFL Environmental from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. National Bankshares reaffirmed an "outperform" rating on shares of GFL Environmental in a research note on Tuesday, March 11th. Truist Financial lifted their price target on shares of GFL Environmental from $54.00 to $58.00 and gave the company a "buy" rating in a research note on Wednesday, April 2nd. Finally, Raymond James reaffirmed an "outperform" rating and set a $57.00 price target (up previously from $56.00) on shares of GFL Environmental in a research note on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $54.50.

GFL Environmental Stock Down 0.8%

GFL stock traded down $0.42 during trading on Thursday, hitting $49.27. 178,057 shares of the company's stock traded hands, compared to its average volume of 1,917,274. The firm has a market capitalization of $18.07 billion, a P/E ratio of -37.03 and a beta of 1.08. The business has a fifty day simple moving average of $48.51 and a two-hundred day simple moving average of $46.29. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.27. GFL Environmental Inc. has a 1 year low of $30.57 and a 1 year high of $52.00.

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

GFL Environmental Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, April 14th were issued a dividend of $0.0154 per share. This represents a $0.06 annualized dividend and a yield of 0.13%. This is a positive change from GFL Environmental's previous quarterly dividend of $0.01. GFL Environmental's dividend payout ratio (DPR) is presently 1.23%.

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.