Hsbc Holdings PLC Has $2.56 Million Stock Position in GFL Environmental Inc. (NYSE:GFL)

Hsbc Holdings PLC boosted its holdings in GFL Environmental Inc. (NYSE:GFL - Free Report) by 31.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 57,407 shares of the company's stock after acquiring an additional 13,575 shares during the quarter. Hsbc Holdings PLC's holdings in GFL Environmental were worth $2,556,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in GFL. Blue Trust Inc. grew its holdings in shares of GFL Environmental by 124.9% in the fourth quarter. Blue Trust Inc. now owns 551 shares of the company's stock worth $25,000 after purchasing an additional 306 shares during the last quarter. Berbice Capital Management LLC purchased a new stake in shares of GFL Environmental during the 4th quarter valued at about $27,000. Natixis bought a new stake in shares of GFL Environmental in the fourth quarter worth $49,000. SRH Advisors LLC purchased a new position in shares of GFL Environmental during the 4th quarter worth $89,000. Finally, Steward Partners Investment Advisory LLC grew its stake 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 period. Hedge funds and other institutional investors own 64.70% of the company's stock.

Wall Street Analysts Forecast Growth

GFL has been the subject of a number of research analyst reports. Raymond James restated an "outperform" rating and set a $57.00 price objective (up previously from $56.00) on shares of GFL Environmental in a research report on Friday. Scotiabank lifted their price objective on GFL Environmental from $52.00 to $54.00 and gave the company an "outperform" rating in a report on Tuesday, April 8th. National Bankshares reiterated an "outperform" rating on shares of GFL Environmental in a research note on Tuesday, March 11th. UBS Group lifted their price objective on shares of GFL Environmental from $50.00 to $57.00 and gave the stock a "buy" rating in a research note on Friday, April 4th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $53.00 price objective on shares of GFL Environmental in a research note on Monday, February 24th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, GFL Environmental currently has a consensus rating of "Moderate Buy" and a consensus price target of $52.13.

GFL Environmental Stock Up 1.1 %

NYSE GFL traded up $0.56 on Friday, hitting $50.40. 1,345,603 shares of the stock traded hands, compared to its average volume of 1,475,216. 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 stock has a 50-day moving average of $47.34 and a 200 day moving average of $45.37. GFL Environmental Inc. has a twelve month low of $30.57 and a twelve month high of $51.04. The company has a market capitalization of $19.83 billion, a P/E ratio of -37.89 and a beta of 1.08.

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

GFL Environmental Increases Dividend

The company 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 (DPR) is presently 1.23%.

GFL Environmental 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.