Amundi Purchases 10,428 Shares of GFL Environmental Inc. (NYSE:GFL)

Amundi increased its stake in GFL Environmental Inc. (NYSE:GFL - Free Report) by 9.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 124,027 shares of the company's stock after buying an additional 10,428 shares during the quarter. Amundi's holdings in GFL Environmental were worth $5,550,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. FMR LLC raised its stake in shares of GFL Environmental by 7.4% in the third 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 grew its holdings 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 during the last quarter. Fred Alger Management LLC raised its position in GFL Environmental by 64.3% in the 3rd quarter. Fred Alger Management LLC now owns 10,221,130 shares of the company's stock worth $407,619,000 after purchasing an additional 3,999,363 shares during the period. Maverick Capital Ltd. lifted its stake in GFL Environmental by 11.3% in the third quarter. Maverick Capital Ltd. now owns 3,658,190 shares of the company's stock worth $145,889,000 after purchasing an additional 372,534 shares during the last quarter. Finally, Soros Fund Management LLC boosted its position in shares of GFL Environmental by 487.0% during the third quarter. Soros Fund Management LLC now owns 3,156,327 shares of the company's stock valued at $125,874,000 after buying an additional 2,618,589 shares during the period. 64.70% of the stock is owned by hedge funds and other institutional investors.

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GFL Environmental Stock Up 2.7 %

Shares of GFL stock traded up $1.25 on Wednesday, hitting $48.01. The stock had a trading volume of 2,651,085 shares, compared to its average volume of 1,926,270. GFL Environmental Inc. has a one year low of $30.57 and a one year high of $48.87. The business has a 50 day moving average price of $44.86 and a 200 day moving average price of $43.55. The company has a market cap of $18.88 billion, a PE ratio of -36.09 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.

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

GFL Environmental Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 13th were issued 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 dividend payout ratio is currently -3.23%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Scotiabank increased their price target on GFL Environmental from $50.00 to $52.00 and gave the stock a "sector outperform" rating in a report on Wednesday, March 5th. Citigroup assumed coverage on GFL Environmental in a research note on Monday, January 27th. They issued a "buy" rating and a $53.00 target price on the stock. Stifel Nicolaus upgraded GFL Environmental from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. National Bankshares restated an "outperform" rating on shares of GFL Environmental in a report on Tuesday, March 11th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $53.00 price target on shares of GFL Environmental in a research note on Monday, February 24th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $49.63.

About GFL Environmental

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.