GFL Environmental Inc. (NYSE:GFL) Shares Bought by AGF Management Ltd.

AGF Management Ltd. raised its stake in GFL Environmental Inc. (NYSE:GFL - Free Report) by 26.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 457,704 shares of the company's stock after buying an additional 95,316 shares during the quarter. AGF Management Ltd. owned about 0.12% of GFL Environmental worth $15,789,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Signaturefd LLC lifted its position in GFL Environmental by 48.9% in the fourth quarter. Signaturefd LLC now owns 1,178 shares of the company's stock valued at $41,000 after buying an additional 387 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its position in GFL Environmental by 2.0% in the third quarter. DekaBank Deutsche Girozentrale now owns 20,228 shares of the company's stock valued at $647,000 after buying an additional 404 shares during the last quarter. Oliver Lagore Vanvalin Investment Group lifted its position in GFL Environmental by 60.1% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 1,209 shares of the company's stock valued at $42,000 after buying an additional 454 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in GFL Environmental by 5.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 13,322 shares of the company's stock valued at $460,000 after buying an additional 690 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its position in GFL Environmental by 43.1% in the third quarter. First Horizon Advisors Inc. now owns 2,531 shares of the company's stock valued at $80,000 after buying an additional 762 shares during the last quarter. Institutional investors and hedge funds own 64.70% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on GFL. Jefferies Financial Group upped their target price on shares of GFL Environmental from $46.00 to $51.00 and gave the company a "buy" rating in a research report on Monday, March 18th. Royal Bank of Canada started coverage on shares of GFL Environmental in a research report on Monday, April 8th. They issued an "outperform" rating and a $46.00 price target for the company. UBS Group initiated coverage on shares of GFL Environmental in a research note on Wednesday, January 31st. They issued a "buy" rating and a $44.00 price target for the company. TD Cowen increased their price objective on GFL Environmental from $42.00 to $43.00 and gave the company a "buy" rating in a research note on Monday, May 6th. Finally, Wells Fargo & Company boosted their target price on GFL Environmental from $30.00 to $34.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 6th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $43.08.

GFL Environmental Stock Up 0.5 %

Shares of NYSE GFL traded up $0.15 during midday trading on Friday, hitting $32.31. 1,315,389 shares of the company's stock were exchanged, compared to its average volume of 1,095,787. The firm's fifty day simple moving average is $33.88 and its 200-day simple moving average is $32.80. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market cap of $11.99 billion, a PE ratio of 50.25 and a beta of 1.15. GFL Environmental Inc. has a twelve month low of $26.87 and a twelve month high of $39.06.

GFL Environmental (NYSE:GFL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 20th. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.14). The company had revenue of $1.38 billion during the quarter, compared to analysts' expectations of $1.37 billion. GFL Environmental had a net margin of 1.25% and a return on equity of 4.51%. Research analysts predict that GFL Environmental Inc. will post 0.74 EPS for the current fiscal year.

GFL Environmental Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th were issued a $0.014 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.17%. This is a boost from GFL Environmental's previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Friday, April 12th.

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.

Want to see what other hedge funds are holding GFL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GFL Environmental Inc. (NYSE:GFL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.