Bank of Montreal Can Has $54.51 Million Stake in GFL Environmental Inc. (NYSE:GFL)

Bank of Montreal Can lifted its holdings in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 2.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,224,328 shares of the company's stock after buying an additional 33,425 shares during the period. Bank of Montreal Can owned about 0.31% of GFL Environmental worth $54,509,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. grew 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 valued at $25,000 after buying an additional 306 shares in the last quarter. Berbice Capital Management LLC acquired a new position in shares of GFL Environmental during the 4th quarter worth approximately $27,000. Continuum Advisory LLC raised its stake in GFL Environmental by 60.6% in the 3rd quarter. Continuum Advisory LLC now owns 673 shares of the company's stock valued at $29,000 after acquiring an additional 254 shares during the period. SRH Advisors LLC acquired a new stake in GFL Environmental during the 4th quarter valued at $89,000. Finally, Steward Partners Investment Advisory LLC lifted its holdings in GFL Environmental by 350.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,400 shares of the company's stock valued at $107,000 after purchasing an additional 1,867 shares during the last quarter. 64.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. National Bankshares reissued an "outperform" rating on shares of GFL Environmental in a research report on Tuesday, March 11th. Royal Bank of Canada restated an "outperform" rating and set a $53.00 price objective on shares of GFL Environmental in a research report on Monday, February 24th. UBS Group upped their target price on GFL Environmental from $50.00 to $57.00 and gave the company a "buy" rating in a research report on Friday, April 4th. Truist Financial lifted their price target on GFL Environmental from $54.00 to $58.00 and gave the stock a "buy" rating in a report on Wednesday, April 2nd. Finally, Scotiabank boosted their price target on GFL Environmental from $52.00 to $54.00 and gave the company an "outperform" rating in a research note on Tuesday, April 8th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $51.25.

Remove Ads

GFL Environmental Trading Up 0.5 %

Shares of GFL Environmental stock traded up $0.23 on Tuesday, hitting $49.18. The stock had a trading volume of 204,656 shares, compared to its average volume of 2,076,748. The stock has a 50 day moving average of $46.56 and a 200 day moving average of $44.57. 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 twelve month low of $30.57 and a twelve month high of $49.45. The firm has a market capitalization of $19.35 billion, a P/E ratio of -36.98 and a beta of 1.09.

GFL Environmental (NYSE:GFL - Get Free Report) last released its quarterly 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. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.98 billion. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. Sell-side 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 disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 14th will be given a dividend of $0.0154 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.13%. This is an increase from GFL Environmental's previous quarterly dividend of $0.01. GFL Environmental's dividend payout ratio (DPR) is -3.87%.

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.