UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $19.81 Million Stake in GFL Environmental Inc. (NYSE:GFL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in GFL Environmental Inc. (NYSE:GFL - Free Report) by 151.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 444,684 shares of the company's stock after acquiring an additional 267,932 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.11% of GFL Environmental worth $19,806,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of GFL. Norges Bank bought a new position in shares of GFL Environmental in the fourth quarter worth about $126,420,000. Capital Research Global Investors raised its stake in shares of 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 acquiring an additional 2,751,618 shares during the last quarter. FMR LLC raised its stake in shares of 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 acquiring an additional 2,506,021 shares during the last quarter. Cohen & Steers Inc. bought a new position in shares of GFL Environmental in the fourth quarter worth about $51,505,000. Finally, Paralel Advisors LLC bought a new position in shares of GFL Environmental in the fourth quarter worth about $44,540,000. 64.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GFL has been the subject of a number of research analyst reports. JPMorgan Chase & Co. initiated coverage on shares of GFL Environmental in a research note on Friday, May 23rd. They issued a "neutral" rating and a $54.00 target price for the company. Citigroup boosted their price target on shares of GFL Environmental from $53.00 to $56.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. UBS Group increased their price objective on shares of GFL Environmental from $50.00 to $57.00 and gave the company a "buy" rating in a report on Friday, April 4th. Seaport Res Ptn upgraded shares of GFL Environmental to a "strong-buy" rating in a report on Tuesday, May 6th. Finally, Stifel Nicolaus upgraded shares of GFL Environmental from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $54.50.

GFL Environmental Trading Up 2.4%

NYSE:GFL traded up $1.18 during trading hours on Friday, hitting $50.43. The stock had a trading volume of 1,686,527 shares, compared to its average volume of 1,523,670. GFL Environmental Inc. has a one year low of $31.09 and a one year high of $52.00. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.58 and a current ratio of 0.58. The company has a market cap of $18.49 billion, a price-to-earnings ratio of -37.92 and a beta of 1.08. The business's 50 day moving average is $48.57 and its 200-day moving average is $46.37.

GFL Environmental (NYSE:GFL - Get Free Report) last issued its 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). GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.52 billion. The firm's revenue 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 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 $0.0154 dividend. This represents a $0.06 annualized dividend and a yield of 0.12%. This is an increase from GFL Environmental's previous quarterly dividend of $0.01. GFL Environmental's dividend payout ratio is presently 1.23%.

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.