Brown Brothers Harriman & Co. grew its stake in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 20.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,531,244 shares of the company's stock after purchasing an additional 260,083 shares during the quarter. Brown Brothers Harriman & Co. owned approximately 0.39% of GFL Environmental worth $68,202,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cerity Partners LLC increased its position in shares of GFL Environmental by 88.5% during the third quarter. Cerity Partners LLC now owns 21,148 shares of the company's stock worth $843,000 after purchasing an additional 9,930 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in GFL Environmental by 0.4% during the third quarter. The Manufacturers Life Insurance Company now owns 621,387 shares of the company's stock worth $24,804,000 after buying an additional 2,529 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in GFL Environmental by 2.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,293 shares of the company's stock valued at $1,769,000 after buying an additional 848 shares during the last quarter. PEAK6 Investments LLC acquired a new stake in shares of GFL Environmental in the third quarter valued at approximately $2,473,000. Finally, Walleye Trading LLC acquired a new stake in shares of GFL Environmental in the third quarter valued at approximately $606,000. 64.70% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on GFL. National Bankshares reiterated an "outperform" rating on shares of GFL Environmental in a research report on Tuesday, March 11th. Citigroup assumed coverage on shares of GFL Environmental in a report on Monday, January 27th. They issued a "buy" rating and a $53.00 target price for the company. Royal Bank of Canada reiterated an "outperform" rating and set a $53.00 target price on shares of GFL Environmental in a research note on Monday, February 24th. Stifel Nicolaus upgraded GFL Environmental from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. Finally, Scotiabank increased their price objective on GFL Environmental from $50.00 to $52.00 and gave the stock a "sector outperform" rating in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, GFL Environmental currently has a consensus rating of "Moderate Buy" and an average price target of $49.63.
View Our Latest Stock Report on GFL Environmental
GFL Environmental Stock Performance
GFL traded up $0.62 during trading on Monday, reaching $48.38. The company's stock had a trading volume of 2,144,476 shares, compared to its average volume of 1,381,229. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.58 and a current ratio of 0.58. The company's fifty day moving average price is $45.60 and its 200-day moving average price is $43.96. GFL Environmental Inc. has a 52-week low of $30.57 and a 52-week high of $49.35. The company has a market capitalization of $19.03 billion, a price-to-earnings ratio of -36.37 and a beta of 1.16.
GFL Environmental (NYSE:GFL - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.03. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.98 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. On average, equities analysts forecast that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.
GFL Environmental Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 13th were issued a $0.014 dividend. The ex-dividend date of this dividend was Monday, January 13th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.12%. GFL Environmental's dividend payout ratio is presently -3.23%.
About GFL Environmental
(
Free Report)
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.
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