US Bancorp DE Has $129,000 Position in GFL Environmental Inc. (NYSE:GFL)

US Bancorp DE lifted its stake in shares of GFL Environmental Inc. (NYSE:GFL) by 12.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,890 shares of the company’s stock after acquiring an additional 321 shares during the period. US Bancorp DE’s holdings in GFL Environmental were worth $129,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. FMR LLC lifted its position in shares of GFL Environmental by 7.4% during the 3rd quarter. FMR LLC now owns 25,158,657 shares of the company’s stock valued at $1,003,591,000 after acquiring an additional 1,728,598 shares during the period. Massachusetts Financial Services Co. MA increased its stake in GFL Environmental by 2.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 11,817,626 shares of the company’s stock valued at $471,287,000 after purchasing an additional 257,486 shares in the last quarter. Fred Alger Management LLC increased its stake in GFL Environmental by 64.3% during the 3rd quarter. Fred Alger Management LLC now owns 10,221,130 shares of the company’s stock valued at $407,619,000 after purchasing an additional 3,999,363 shares in the last quarter. Maverick Capital Ltd. increased its stake in GFL Environmental by 11.3% during the 3rd quarter. Maverick Capital Ltd. now owns 3,658,190 shares of the company’s stock valued at $145,889,000 after purchasing an additional 372,534 shares in the last quarter. Finally, Soros Fund Management LLC increased its stake in GFL Environmental by 487.0% during the 3rd quarter. Soros Fund Management LLC now owns 3,156,327 shares of the company’s stock valued at $125,874,000 after purchasing an additional 2,618,589 shares in the last quarter. Institutional investors and hedge funds own 64.70% of the company’s stock.

GFL Environmental Stock Performance

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 company has a debt-to-equity ratio of 1.27, a current ratio of 0.58 and a quick ratio of 0.58. The firm has a market cap of $18.19 billion, a price-to-earnings ratio of -34.77 and a beta of 1.16. The company has a fifty day moving average price of $44.75 and a 200-day moving average price of $43.51.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings results on Monday, February 24th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.98 billion. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. As a group, equities research analysts predict that GFL Environmental Inc. will post 0.58 EPS for the current fiscal year.

GFL Environmental Announces Dividend

The firm also recently announced 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 of this dividend was Monday, January 13th. This represents a $0.06 dividend on an annualized basis and a yield of 0.12%. GFL Environmental’s dividend payout ratio is presently -3.23%.

Analyst Ratings Changes

GFL has been the subject of a number of recent research reports. Citigroup initiated coverage on shares of GFL Environmental in a research note on Monday, January 27th. They set a “buy” rating and a $53.00 price target for the company. Scotiabank boosted their price target on shares of GFL Environmental from $50.00 to $52.00 and gave the company a “sector outperform” rating in a research note on Wednesday, March 5th. National Bankshares restated an “outperform” rating on shares of GFL Environmental in a research note on Tuesday, March 11th. Royal Bank of Canada restated an “outperform” rating and set a $53.00 price target on shares of GFL Environmental in a research note on Monday, February 24th. Finally, Stifel Nicolaus upgraded shares of GFL Environmental from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $49.78.

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.