GFL Environmental Inc. (NYSE:GFL) Stock Position Lifted by APG Asset Management N.V.

APG Asset Management N.V. lifted its stake in shares of GFL Environmental Inc. (NYSE:GFL) by 161.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,367 shares of the company’s stock after purchasing an additional 13,800 shares during the quarter. APG Asset Management N.V.’s holdings in GFL Environmental were worth $813,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of GFL. Toronto Dominion Bank lifted its position in GFL Environmental by 17.4% in the second quarter. Toronto Dominion Bank now owns 87,085 shares of the company’s stock worth $3,390,000 after purchasing an additional 12,933 shares during the period. Squarepoint Ops LLC bought a new stake in shares of GFL Environmental in the 2nd quarter worth $220,000. Fred Alger Management LLC lifted its holdings in shares of GFL Environmental by 7.1% in the second quarter. Fred Alger Management LLC now owns 6,221,767 shares of the company’s stock valued at $242,213,000 after buying an additional 411,128 shares during the period. Progeny 3 Inc. boosted its stake in GFL Environmental by 516.3% during the second quarter. Progeny 3 Inc. now owns 893,300 shares of the company’s stock valued at $34,776,000 after buying an additional 748,350 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in GFL Environmental by 26.1% during the second quarter. Marshall Wace LLP now owns 2,476,752 shares of the company’s stock worth $96,420,000 after acquiring an additional 512,735 shares during the period. Institutional investors and hedge funds own 64.70% of the company’s stock.

GFL Environmental Trading Down 0.4 %

NYSE GFL opened at $39.72 on Wednesday. The firm’s 50 day moving average price is $40.39 and its two-hundred day moving average price is $37.01. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.89 and a current ratio of 0.89. GFL Environmental Inc. has a twelve month low of $26.87 and a twelve month high of $43.79. The stock has a market cap of $14.95 billion, a price-to-earnings ratio of 80.59 and a beta of 1.16.

GFL Environmental (NYSE:GFL) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.51 billion. GFL Environmental had a positive return on equity of 3.32% and a negative net margin of 8.78%. Equities analysts anticipate that GFL Environmental Inc. will post 0.62 EPS for the current year.

GFL Environmental Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th were issued a $0.014 dividend. The ex-dividend date of this dividend was Monday, July 15th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.14%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on GFL shares. Raymond James upped their price target on shares of GFL Environmental from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. Royal Bank of Canada raised their target price on shares of GFL Environmental from $46.00 to $48.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Finally, BMO Capital Markets downgraded GFL Environmental from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $43.00 to $42.00 in a research report on Tuesday, July 9th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.64.

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.