GFL Environmental Inc. (NYSE:GFL) Shares Bought by Addenda Capital Inc.

Addenda Capital Inc. increased its stake in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 24.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 305,585 shares of the company's stock after purchasing an additional 60,060 shares during the quarter. Addenda Capital Inc. owned approximately 0.08% of GFL Environmental worth $10,546,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in GFL. Nordea Investment Management AB grew its holdings in GFL Environmental by 16.6% during the 4th quarter. Nordea Investment Management AB now owns 7,384,983 shares of the company's stock worth $256,259,000 after acquiring an additional 1,053,530 shares during the last quarter. Sei Investments Co. boosted its stake in shares of GFL Environmental by 59.6% in the 3rd quarter. Sei Investments Co. now owns 619,481 shares of the company's stock valued at $19,675,000 after purchasing an additional 231,264 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of GFL Environmental by 13.9% in the 3rd quarter. Stifel Financial Corp now owns 68,430 shares of the company's stock valued at $2,173,000 after purchasing an additional 8,365 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of GFL Environmental by 27.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 821,025 shares of the company's stock valued at $31,856,000 after purchasing an additional 174,309 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of GFL Environmental by 55.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 12,543,970 shares of the company's stock valued at $398,396,000 after purchasing an additional 4,490,164 shares during the last quarter. 64.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. UBS Group assumed coverage on shares of GFL Environmental in a research note on Wednesday, January 31st. They issued a "buy" rating and a $44.00 price objective on the stock. BMO Capital Markets upped their price objective on shares of GFL Environmental from $40.00 to $42.00 and gave the company an "outperform" rating in a research note on Thursday, February 22nd. Jefferies Financial Group increased their target price on shares of GFL Environmental from $46.00 to $51.00 and gave the stock a "buy" rating in a research note on Monday, March 18th. TheStreet raised shares of GFL Environmental from a "d+" rating to a "c" rating in a research note on Tuesday, February 20th. Finally, Bank of America lowered shares of GFL Environmental from a "buy" rating to a "neutral" rating and set a $35.00 target price on the stock. in a research note on Friday, January 19th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $42.58.

GFL Environmental Stock Up 0.1 %

GFL stock traded up $0.04 during mid-day trading on Thursday, reaching $33.68. 866,042 shares of the company traded hands, compared to its average volume of 1,200,545. The stock has a market cap of $12.50 billion, a price-to-earnings ratio of -336.80 and a beta of 1.13. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.25. GFL Environmental Inc. has a fifty-two week low of $26.87 and a fifty-two week high of $39.06. The firm's 50 day moving average price is $35.03 and its 200 day moving average price is $32.56.

GFL Environmental (NYSE:GFL - Get Free Report) last released its quarterly earnings results on Tuesday, February 20th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.14). The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.37 billion. GFL Environmental had a net margin of 0.64% and a return on equity of 4.96%. As a group, equities research analysts predict that GFL Environmental Inc. will post 0.76 EPS for the current fiscal year.

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.