OMERS ADMINISTRATION Corp Buys New Shares in GFL Environmental Inc. (NYSE:GFL)

OMERS ADMINISTRATION Corp purchased a new stake in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 16,900 shares of the company's stock, valued at approximately $753,000.

A number of other hedge funds also recently added to or reduced their stakes in GFL. Blue Trust Inc. increased its holdings in shares of GFL Environmental by 124.9% in the 4th quarter. Blue Trust Inc. now owns 551 shares of the company's stock worth $25,000 after purchasing an additional 306 shares in the last quarter. Berbice Capital Management LLC bought a new stake in GFL Environmental in the 4th quarter worth about $27,000. Natixis purchased a new position in GFL Environmental in the 4th quarter worth about $49,000. SRH Advisors LLC bought a new position in GFL Environmental during the 4th quarter valued at about $89,000. Finally, Steward Partners Investment Advisory LLC boosted its holdings in shares of GFL Environmental by 350.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,400 shares of the company's stock valued at $107,000 after acquiring an additional 1,867 shares during the last quarter. 64.70% of the stock is currently owned by hedge funds and other institutional investors.

GFL Environmental Stock Performance

GFL Environmental stock traded down $0.29 during trading on Wednesday, reaching $49.67. The company had a trading volume of 1,505,163 shares, compared to its average volume of 1,511,307. The firm has a market capitalization of $19.54 billion, a price-to-earnings ratio of -37.35 and a beta of 1.08. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.27. The firm's 50-day simple moving average is $48.25 and its 200 day simple moving average is $46.07. GFL Environmental Inc. has a 52 week low of $30.57 and a 52 week high of $52.00.

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

GFL Environmental Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders 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 dividend on an annualized basis and a yield of 0.12%. GFL Environmental's dividend payout ratio (DPR) is presently 1.23%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on GFL shares. Scotiabank reissued an "outperform" rating on shares of GFL Environmental in a report on Monday, May 5th. UBS Group increased their price target on GFL Environmental from $50.00 to $57.00 and gave the company a "buy" rating in a report on Friday, April 4th. Raymond James restated an "outperform" rating and issued a $57.00 price target (up from $56.00) on shares of GFL Environmental in a research note on Friday, May 2nd. Stifel Nicolaus upgraded GFL Environmental from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. Finally, Truist Financial increased their target price on GFL Environmental from $54.00 to $58.00 and gave the company a "buy" rating in a report on Wednesday, April 2nd. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, GFL Environmental presently has a consensus rating of "Buy" and an average price target of $54.57.

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.