Public Employees Retirement System of Ohio Takes $627,000 Position in GFL Environmental Inc. (NYSE:GFL)

Public Employees Retirement System of Ohio acquired a new stake in GFL Environmental Inc. (NYSE:GFL - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 15,690 shares of the company's stock, valued at approximately $627,000.

A number of other large investors have also recently bought and sold shares of GFL. Fifth Third Bancorp lifted its stake in shares of GFL Environmental by 51.1% in the second quarter. Fifth Third Bancorp now owns 1,358 shares of the company's stock worth $53,000 after buying an additional 459 shares during the last quarter. Tobam grew its position in shares of GFL Environmental by 139.5% in the second quarter. Tobam now owns 1,751 shares of the company's stock valued at $68,000 after purchasing an additional 1,020 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of GFL Environmental in the second quarter worth about $3,243,000. Signaturefd LLC lifted its position in shares of GFL Environmental by 23.5% during the 2nd quarter. Signaturefd LLC now owns 2,149 shares of the company's stock worth $84,000 after purchasing an additional 409 shares during the last quarter. Finally, Natixis Advisors LLC boosted its stake in GFL Environmental by 11.4% during the 2nd quarter. Natixis Advisors LLC now owns 53,318 shares of the company's stock valued at $2,075,000 after purchasing an additional 5,471 shares during the period. 64.70% of the stock is currently owned by institutional investors.

GFL Environmental Price Performance

GFL Environmental stock traded down $0.20 during trading hours on Friday, hitting $44.88. 1,143,928 shares of the stock were exchanged, compared to its average volume of 1,215,575. The stock has a market capitalization of $17.66 billion, a P/E ratio of -33.74 and a beta of 1.16. The business's 50-day moving average is $44.04 and its two-hundred day moving average is $41.18. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.58 and a current ratio of 0.58. GFL Environmental Inc. has a 12 month low of $30.57 and a 12 month high of $48.87.

GFL Environmental (NYSE:GFL - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.24 earnings per share for the quarter, beating analysts' consensus estimates of $0.23 by $0.01. The firm had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.49 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. Equities research analysts expect that GFL Environmental Inc. will post 0.59 EPS for the current fiscal year.

GFL Environmental Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th were given a $0.014 dividend. This represents a $0.06 annualized dividend and a yield of 0.12%. The ex-dividend date was Wednesday, October 16th. GFL Environmental's payout ratio is presently -3.76%.

Analyst Upgrades and Downgrades

GFL has been the topic of several recent analyst reports. Raymond James lifted their price target on GFL Environmental from $47.00 to $50.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Scotiabank boosted their target price on shares of GFL Environmental from $50.00 to $51.00 and gave the stock a "sector outperform" rating in a research report on Friday, November 8th. Truist Financial increased their price target on shares of GFL Environmental from $46.00 to $54.00 and gave the company a "buy" rating in a report on Friday, November 8th. Finally, UBS Group boosted their price objective on shares of GFL Environmental from $47.00 to $50.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $45.80.

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.