GFL Environmental Inc. (NYSE:GFL) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its stake in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 13.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 187,325 shares of the company's stock after purchasing an additional 22,699 shares during the quarter. Bank of New York Mellon Corp's holdings in GFL Environmental were worth $8,343,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Blue Trust Inc. increased its position in shares of GFL Environmental by 124.9% during the 4th quarter. Blue Trust Inc. now owns 551 shares of the company's stock valued at $25,000 after purchasing an additional 306 shares during the last quarter. Berbice Capital Management LLC purchased a new position in GFL Environmental during the 4th quarter valued at $27,000. Continuum Advisory LLC boosted its holdings in GFL Environmental by 60.6% during 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 purchased a new position in GFL Environmental during the 4th quarter valued at $89,000. Finally, Avior Wealth Management LLC purchased a new position in GFL Environmental during the 3rd quarter valued at $82,000. Institutional investors own 64.70% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on GFL. Citigroup began coverage on GFL Environmental in a report on Monday, January 27th. They set a "buy" rating and a $53.00 price objective for the company. Scotiabank lifted 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. Stifel Nicolaus raised GFL Environmental from a "hold" rating to a "buy" rating in a research note 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 reiterated an "outperform" rating and issued a $53.00 target price on shares of GFL Environmental in a report on Monday, February 24th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $49.78.

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GFL Environmental Stock Up 0.7 %

Shares of NYSE GFL traded up $0.34 during mid-day trading on Tuesday, reaching $46.64. 1,741,466 shares of the company were exchanged, compared to its average volume of 1,914,268. GFL Environmental Inc. has a 1 year low of $30.57 and a 1 year high of $48.87. The firm has a 50-day moving average of $44.80 and a 200 day moving average of $43.53. The stock has a market cap of $18.35 billion, a price-to-earnings ratio of -35.07 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 released 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. On average, research analysts expect that GFL Environmental Inc. will post 0.58 earnings per share for the current year.

GFL Environmental Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 13th were paid a $0.014 dividend. The ex-dividend date of this dividend was Monday, January 13th. This represents a $0.06 annualized dividend and a yield of 0.12%. GFL Environmental's dividend payout ratio (DPR) is -3.23%.

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.