Brown Brothers Harriman & Co. Purchases 786,044 Shares of GFL Environmental Inc. (NYSE:GFL)

Brown Brothers Harriman & Co. increased its holdings in GFL Environmental Inc. (NYSE:GFL - Free Report) by 162.0% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,271,161 shares of the company's stock after buying an additional 786,044 shares during the quarter. Brown Brothers Harriman & Co. owned about 0.34% of GFL Environmental worth $50,694,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of GFL. Seven Grand Managers LLC bought a new position in GFL Environmental in the third quarter valued at about $1,994,000. Toronto Dominion Bank lifted its stake in shares of GFL Environmental by 33.8% in the 1st quarter. Toronto Dominion Bank now owns 74,152 shares of the company's stock worth $2,558,000 after purchasing an additional 18,742 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in shares of GFL Environmental by 115.3% in the third quarter. Harbor Capital Advisors Inc. now owns 49,566 shares of the company's stock worth $1,977,000 after buying an additional 26,542 shares during the last quarter. Copeland Capital Management LLC grew its position in GFL Environmental by 2.2% during the third quarter. Copeland Capital Management LLC now owns 921,377 shares of the company's stock valued at $36,745,000 after buying an additional 19,675 shares during the period. Finally, Forsta AP Fonden purchased a new stake in GFL Environmental during the third quarter valued at approximately $1,761,000. Hedge funds and other institutional investors own 64.70% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on GFL shares. Scotiabank boosted their price objective on shares of GFL Environmental from $50.00 to $51.00 and gave the company a "sector outperform" rating in a research report on Friday, November 8th. Truist Financial raised their target price on shares of GFL Environmental from $46.00 to $54.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Raymond James upped their price target on shares of GFL Environmental from $47.00 to $50.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. UBS Group upped their target price 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. Finally, Royal Bank of Canada raised their price target on GFL Environmental from $46.00 to $48.00 and gave the company an "outperform" rating in a report on Friday, August 2nd. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $45.80.

GFL Environmental Trading Up 2.0 %

NYSE:GFL traded up $0.90 during trading hours on Monday, reaching $46.78. The stock had a trading volume of 1,510,869 shares, compared to its average volume of 1,218,754. 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 52 week low of $26.87 and a 52 week high of $47.11. The company has a 50 day moving average price of $41.63 and a two-hundred day moving average price of $39.29.

GFL Environmental (NYSE:GFL - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.23 by $0.01. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.49 billion. As a group, equities analysts forecast that GFL Environmental Inc. will post 0.59 EPS for the current fiscal year.

GFL Environmental Dividend Announcement

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 dividend of $0.014 per share. The ex-dividend date of this dividend was Wednesday, October 16th. This represents a $0.06 dividend on an annualized basis and a yield of 0.12%. GFL Environmental's dividend payout ratio (DPR) is presently -4.51%.

GFL Environmental Company 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.