GFL Environmental Inc. (NYSE:GFL) Shares Purchased by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC boosted its stake in GFL Environmental Inc. (NYSE:GFL) by 350.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,400 shares of the company’s stock after buying an additional 1,867 shares during the period. Steward Partners Investment Advisory LLC’s holdings in GFL Environmental were worth $107,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Generate Investment Management Ltd acquired a new stake in GFL Environmental in the fourth quarter worth $15,041,000. Tobam acquired a new stake in GFL Environmental in the fourth quarter worth $1,846,000. FMR LLC increased its holdings in shares of GFL Environmental by 7.4% during the third quarter. FMR LLC now owns 25,158,657 shares of the company’s stock valued at $1,003,591,000 after purchasing an additional 1,728,598 shares during the period. Quantbot Technologies LP acquired a new position in shares of GFL Environmental during the third quarter valued at $2,807,000. Finally, Duff & Phelps Investment Management Co. increased its holdings in shares of GFL Environmental by 14.6% during the third quarter. Duff & Phelps Investment Management Co. now owns 310,918 shares of the company’s stock valued at $12,399,000 after purchasing an additional 39,558 shares during the period. 64.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Stifel Nicolaus raised GFL Environmental from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $53.00 target price on shares of GFL Environmental in a report on Monday, February 24th. Citigroup assumed coverage on GFL Environmental in a report on Monday, January 27th. They set a “buy” rating and a $53.00 target price on the stock. Scotiabank lifted their target price on GFL Environmental from $50.00 to $52.00 and gave the stock a “sector outperform” rating in a report on Wednesday, March 5th. Finally, National Bankshares reaffirmed an “outperform” rating on shares of GFL Environmental in a report on Tuesday, March 11th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $49.78.

GFL Environmental Trading Up 0.5 %

NYSE:GFL opened at $46.24 on Monday. GFL Environmental Inc. has a 1-year low of $30.57 and a 1-year high of $48.87. The firm has a market capitalization of $18.19 billion, a price-to-earnings ratio of -34.77 and a beta of 1.16. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.27. The stock has a fifty day simple moving average of $44.75 and a 200 day simple moving average of $43.51.

GFL Environmental (NYSE:GFL) last announced its quarterly earnings data on Monday, February 24th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.98 billion. Sell-side analysts forecast that GFL Environmental Inc. will post 0.58 earnings per share for the current year.

GFL Environmental Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 13th were given a dividend of $0.014 per share. The ex-dividend date was Monday, January 13th. This represents a $0.06 dividend on an annualized basis and a yield of 0.12%. GFL Environmental’s payout ratio is presently -3.23%.

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.