TD Waterhouse Canada Inc. Purchases 6,209 Shares of GFL Environmental Inc. (NYSE:GFL)

TD Waterhouse Canada Inc. grew its holdings in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 12.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,617 shares of the company's stock after acquiring an additional 6,209 shares during the period. TD Waterhouse Canada Inc.'s holdings in GFL Environmental were worth $2,478,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Erste Asset Management GmbH raised its holdings in GFL Environmental by 2.0% in the fourth quarter. Erste Asset Management GmbH now owns 13,371 shares of the company's stock valued at $597,000 after acquiring an additional 261 shares in the last quarter. Metis Global Partners LLC grew its position in shares of GFL Environmental by 5.4% in the fourth quarter. Metis Global Partners LLC now owns 5,790 shares of the company's stock valued at $258,000 after purchasing an additional 298 shares during the last quarter. Blue Trust Inc. boosted its stake in GFL Environmental by 124.9% during the 4th quarter. Blue Trust Inc. now owns 551 shares of the company's stock valued at $25,000 after purchasing an additional 306 shares during the period. US Bancorp DE grew its holdings in GFL Environmental by 12.5% in the 4th quarter. US Bancorp DE now owns 2,890 shares of the company's stock valued at $129,000 after buying an additional 321 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its position in shares of GFL Environmental by 1.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 31,503 shares of the company's stock valued at $1,403,000 after acquiring an additional 351 shares during the period. 64.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus upgraded GFL Environmental from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. National Bankshares reissued an "outperform" rating on shares of GFL Environmental in a report on Tuesday, March 11th. Raymond James set a $56.00 price target on shares of GFL Environmental and gave the stock an "outperform" rating in a research note on Wednesday, April 16th. Royal Bank of Canada reiterated an "outperform" rating and issued a $53.00 price objective on shares of GFL Environmental in a report on Monday, February 24th. Finally, Scotiabank increased their target price on GFL Environmental from $52.00 to $54.00 and gave the company an "outperform" rating in a research note on Tuesday, April 8th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, GFL Environmental has a consensus rating of "Moderate Buy" and an average target price of $52.00.

GFL Environmental Stock Up 1.1 %

Shares of GFL stock traded up $0.53 on Tuesday, hitting $49.11. 133,280 shares of the stock were exchanged, compared to its average volume of 1,467,999. The firm has a market capitalization of $19.32 billion, a P/E ratio of -36.89 and a beta of 1.09. The business has a 50-day moving average of $47.00 and a 200 day moving average of $45.14. 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 fifty-two week low of $30.57 and a fifty-two week high of $49.45.

GFL Environmental (NYSE:GFL - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.03. The business had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $1.98 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. Equities analysts anticipate that GFL Environmental Inc. will post 0.58 EPS for the current year.

GFL Environmental Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 14th will be given a $0.0154 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.13%. This is an increase from GFL Environmental's previous quarterly dividend of $0.01. GFL Environmental's payout ratio is presently -3.87%.

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.