OneDigital Investment Advisors LLC Takes Position in GFL Environmental Inc. (NYSE:GFL)

OneDigital Investment Advisors LLC bought a new stake in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 16,828 shares of the company's stock, valued at approximately $750,000.

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

Wall Street Analyst Weigh In

Several brokerages recently commented on GFL. UBS Group boosted their target price on shares of GFL Environmental from $50.00 to $57.00 and gave the stock a "buy" rating in a research report on Friday, April 4th. Raymond James reaffirmed an "outperform" rating and set a $57.00 price target (up from $56.00) on shares of GFL Environmental in a report on Friday. National Bankshares restated an "outperform" rating on shares of GFL Environmental in a report on Tuesday, March 11th. Stifel Nicolaus raised shares of GFL Environmental from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. Finally, Truist Financial increased their price target on shares of GFL Environmental from $54.00 to $58.00 and gave the company a "buy" rating in a research note on Wednesday, April 2nd. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $52.13.

GFL Environmental Trading Up 1.8 %

GFL traded up $0.88 during trading on Friday, reaching $50.72. 400,552 shares of the company's stock were exchanged, compared to its average volume of 1,478,467. The company's fifty day moving average price is $47.21 and its 200-day moving average price is $45.27. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a market capitalization of $19.95 billion, a PE ratio of -38.12 and a beta of 1.09. GFL Environmental Inc. has a fifty-two week low of $30.57 and a fifty-two week high of $51.01.

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

GFL Environmental Increases Dividend

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