Northern Trust Corp Purchases 71,825 Shares of GFL Environmental Inc. (NYSE:GFL)

Northern Trust Corp increased its stake in GFL Environmental Inc. (NYSE:GFL - Free Report) by 16.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 519,703 shares of the company's stock after purchasing an additional 71,825 shares during the period. Northern Trust Corp owned 0.13% of GFL Environmental worth $23,148,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of GFL. The Manufacturers Life Insurance Company boosted its stake in shares of GFL Environmental by 7.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 664,887 shares of the company's stock valued at $29,679,000 after purchasing an additional 43,500 shares during the last quarter. Boothbay Fund Management LLC bought a new position in GFL Environmental in the fourth quarter valued at approximately $4,628,000. Susquehanna Fundamental Investments LLC bought a new position in GFL Environmental in the fourth quarter valued at approximately $1,309,000. Hood River Capital Management LLC grew its holdings in GFL Environmental by 10.8% during the 4th quarter. Hood River Capital Management LLC now owns 453,907 shares of the company's stock worth $20,217,000 after acquiring an additional 44,248 shares during the period. Finally, Price T Rowe Associates Inc. MD bought a new stake in shares of GFL Environmental during the 4th quarter valued at $5,840,000. Institutional investors and hedge funds own 64.70% of the company's stock.

Analysts Set New Price Targets

GFL has been the subject of a number of analyst reports. National Bankshares reaffirmed an "outperform" rating on shares of GFL Environmental in a research note on Tuesday, March 11th. Scotiabank restated an "outperform" rating on shares of GFL Environmental in a research report on Monday, May 5th. UBS Group upped their price target on GFL Environmental from $50.00 to $57.00 and gave the company a "buy" rating in a research note on Friday, April 4th. Raymond James reiterated an "outperform" rating and issued a $57.00 price target (up from $56.00) on shares of GFL Environmental in a research report on Friday, May 2nd. Finally, Royal Bank of Canada boosted their price objective on shares of GFL Environmental from $53.00 to $56.00 and gave the company an "outperform" rating in a report on Monday, May 5th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $54.57.

GFL Environmental Stock Up 0.7%

Shares of NYSE GFL traded up $0.35 during mid-day trading on Friday, reaching $49.38. 1,741,926 shares of the company's stock were exchanged, compared to its average volume of 1,503,037. GFL Environmental Inc. has a twelve month low of $30.57 and a twelve month high of $52.00. 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 firm has a market capitalization of $19.42 billion, a price-to-earnings ratio of -37.12 and a beta of 1.08. The business has a fifty day simple moving average of $48.03 and a 200 day simple moving average of $45.87.

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

GFL Environmental Increases Dividend

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

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.