Robeco Schweiz AG purchased a new stake in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 677,378 shares of the company's stock, valued at approximately $32,724,000. Robeco Schweiz AG owned 0.17% of GFL Environmental at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Erste Asset Management GmbH boosted its stake in shares of GFL Environmental by 2.0% during the 4th quarter. Erste Asset Management GmbH now owns 13,371 shares of the company's stock worth $597,000 after acquiring an additional 261 shares in the last quarter. US Bancorp DE boosted its position in GFL Environmental by 12.5% during the fourth quarter. US Bancorp DE now owns 2,890 shares of the company's stock worth $129,000 after purchasing an additional 321 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in GFL Environmental by 1.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 31,503 shares of the company's stock valued at $1,403,000 after purchasing an additional 351 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in shares of GFL Environmental by 0.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 42,153 shares of the company's stock valued at $1,878,000 after purchasing an additional 375 shares during the period. Finally, OneDigital Investment Advisors LLC lifted its stake in shares of GFL Environmental by 2.6% in the first quarter. OneDigital Investment Advisors LLC now owns 17,264 shares of the company's stock worth $834,000 after buying an additional 436 shares during the last quarter. Institutional investors and hedge funds own 64.70% of the company's stock.
GFL Environmental Price Performance
Shares of GFL Environmental stock traded up $0.74 during trading on Monday, reaching $48.10. The company's stock had a trading volume of 837,593 shares, compared to its average volume of 1,752,989. The stock has a 50-day moving average price of $49.45 and a two-hundred day moving average price of $47.18. The stock has a market capitalization of $17.64 billion, a P/E ratio of 9.86 and a beta of 1.03. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.89. GFL Environmental Inc. has a one year low of $37.00 and a one year high of $52.00.
GFL Environmental (NYSE:GFL - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.10). The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.52 billion. GFL Environmental had a net margin of 36.01% and a return on equity of 3.93%. GFL Environmental's quarterly revenue was down 13.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that GFL Environmental Inc. will post 0.58 EPS for the current fiscal year.
GFL Environmental Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, July 14th will be paid a $0.0154 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.13%. GFL Environmental's dividend payout ratio (DPR) is currently 1.23%.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on GFL shares. Truist Financial increased their target price on GFL Environmental from $54.00 to $58.00 and gave the company a "buy" rating in a research note on Wednesday, April 2nd. National Bank Financial upgraded shares of GFL Environmental to a "strong-buy" rating in a research note on Monday, May 26th. Citigroup upped their target price on shares of GFL Environmental from $53.00 to $56.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Seaport Res Ptn upgraded shares of GFL Environmental to a "strong-buy" rating in a research report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. assumed coverage on shares of GFL Environmental in a report on Friday, May 23rd. They set a "neutral" rating and a $54.00 price objective on the stock. One analyst has rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, GFL Environmental presently has a consensus rating of "Buy" and a consensus target price of $56.29.
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GFL Environmental Company Profile
(
Free Report)
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.
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