APG Asset Management N.V. Purchases New Position in GFL Environmental Inc. (NYSE:GFL)

APG Asset Management N.V. purchased a new position in GFL Environmental Inc. (NYSE:GFL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 173,000 shares of the company's stock, valued at approximately $7,441,000.

A number of other hedge funds also recently bought and sold shares of the company. Continuum Advisory LLC lifted its stake in shares of GFL Environmental by 60.6% in the third quarter. Continuum Advisory LLC now owns 673 shares of the company's stock worth $29,000 after buying an additional 254 shares in the last quarter. Erste Asset Management GmbH lifted its position in GFL Environmental by 2.0% in the 4th quarter. Erste Asset Management GmbH now owns 13,371 shares of the company's stock valued at $597,000 after acquiring an additional 261 shares in the last quarter. Metis Global Partners LLC boosted its stake in GFL Environmental by 5.4% during the 4th quarter. Metis Global Partners LLC now owns 5,790 shares of the company's stock valued at $258,000 after purchasing an additional 298 shares during the last quarter. Blue Trust Inc. raised its stake in shares of GFL Environmental by 124.9% in the fourth quarter. Blue Trust Inc. now owns 551 shares of the company's stock worth $25,000 after purchasing an additional 306 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in shares of GFL Environmental by 12.5% during the fourth quarter. US Bancorp DE now owns 2,890 shares of the company's stock valued at $129,000 after purchasing an additional 321 shares in the last quarter. Institutional investors own 64.70% of the company's stock.

GFL Environmental Price Performance

GFL stock traded up $0.01 during trading on Tuesday, reaching $48.96. The company's stock had a trading volume of 1,096,308 shares, compared to its average volume of 1,459,520. 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 company's fifty day moving average is $46.56 and its 200-day moving average is $44.57. The company has a market capitalization of $19.26 billion, a P/E ratio of -36.81 and a beta of 1.09. GFL Environmental Inc. has a 1 year low of $30.57 and a 1 year high of $49.72.

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GFL Environmental (NYSE:GFL - Get Free Report) last issued its earnings results on Monday, February 24th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.98 billion. On average, research analysts expect that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 14th will be given a dividend of $0.0154 per share. This is a positive change from GFL Environmental's previous quarterly dividend of $0.01. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.13%. GFL Environmental's dividend payout ratio is currently -3.87%.

Analysts Set New Price Targets

A number of brokerages have weighed in on GFL. Scotiabank boosted their target price on GFL Environmental from $52.00 to $54.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 8th. Royal Bank of Canada reissued an "outperform" rating and set a $53.00 price target on shares of GFL Environmental in a report on Monday, February 24th. UBS Group lifted their price objective on GFL Environmental from $50.00 to $57.00 and gave the stock a "buy" rating in a report on Friday, April 4th. National Bankshares reiterated an "outperform" rating on shares of GFL Environmental in a research note on Tuesday, March 11th. Finally, Stifel Nicolaus upgraded shares of GFL Environmental from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, GFL Environmental currently has a consensus rating of "Moderate Buy" and an average target price of $51.25.

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.