GFL Environmental Inc. (NYSE:GFL) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in GFL Environmental Inc. (NYSE:GFL - Free Report) by 151.6% during 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 purchasing an additional 267,932 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.11% of GFL Environmental worth $19,806,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in GFL. FMR LLC boosted its position in GFL Environmental by 10.0% in the 4th 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 period. Capital Research Global Investors raised its stake in shares of GFL Environmental by 11.4% during the fourth quarter. Capital Research Global Investors now owns 26,973,784 shares of the company's stock valued at $1,201,406,000 after acquiring an additional 2,751,618 shares in the last quarter. Fred Alger Management LLC boosted its holdings in shares of GFL Environmental by 1.9% in the fourth quarter. Fred Alger Management LLC now owns 10,411,148 shares of the company's stock valued at $463,713,000 after purchasing an additional 190,018 shares during the period. Vanguard Group Inc. grew its stake in GFL Environmental by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 8,697,180 shares of the company's stock worth $387,705,000 after purchasing an additional 217,096 shares in the last quarter. Finally, Soros Fund Management LLC grew its stake in GFL Environmental by 1.5% in the fourth quarter. Soros Fund Management LLC now owns 3,203,904 shares of the company's stock worth $142,702,000 after purchasing an additional 47,577 shares in the last quarter. Hedge funds and other institutional investors own 64.70% of the company's stock.

GFL Environmental Stock Down 0.6%

Shares of NYSE:GFL traded down $0.29 during trading on Monday, reaching $50.15. The stock had a trading volume of 862,760 shares, compared to its average volume of 1,520,793. The firm's 50-day simple moving average is $48.60 and its 200 day simple moving average is $46.45. 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 Inc. has a one year low of $32.55 and a one year high of $52.00. The company has a market capitalization of $18.39 billion, a P/E ratio of -37.70 and a beta of 1.08.

GFL Environmental (NYSE:GFL - Get Free Report) last posted its 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). The firm 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. As a group, research analysts expect that GFL Environmental Inc. will post 0.58 EPS for the current fiscal year.

GFL Environmental Increases Dividend

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

Analyst Upgrades and Downgrades

GFL has been the subject of a number of research analyst reports. Seaport Res Ptn upgraded GFL Environmental to a "strong-buy" rating in a report on Tuesday, May 6th. Royal Bank of Canada upped their price objective on shares of GFL Environmental from $53.00 to $56.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. National Bank Financial upgraded shares of GFL Environmental to a "strong-buy" rating in a report on Monday, May 26th. UBS Group boosted their price target 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. Finally, Scotiabank reaffirmed an "outperform" rating on shares of GFL Environmental in a research report on Monday, May 5th. Two investment 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. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $54.50.

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.