GFL Environmental Inc. (NYSE:GFL) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its position in GFL Environmental Inc. (NYSE:GFL - Free Report) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 510,528 shares of the company's stock after purchasing an additional 6,715 shares during the period. Charles Schwab Investment Management Inc. owned about 0.13% of GFL Environmental worth $22,747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in GFL. Blue Trust Inc. raised its position in GFL Environmental by 124.9% during the fourth quarter. Blue Trust Inc. now owns 551 shares of the company's stock worth $25,000 after acquiring an additional 306 shares during the period. Berbice Capital Management LLC acquired a new position in GFL Environmental during the fourth quarter worth $27,000. Continuum Advisory LLC raised its position in GFL Environmental by 60.6% during the third quarter. Continuum Advisory LLC now owns 673 shares of the company's stock worth $29,000 after acquiring an additional 254 shares during the period. Avior Wealth Management LLC acquired a new position in GFL Environmental during the third quarter worth $82,000. Finally, SRH Advisors LLC acquired a new position in GFL Environmental during the fourth quarter worth $89,000. 64.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Stifel Nicolaus upgraded shares of GFL Environmental from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. Royal Bank of Canada reiterated an "outperform" rating and issued a $53.00 target price on shares of GFL Environmental in a research report on Monday, February 24th. Citigroup assumed coverage on shares of GFL Environmental in a research report on Monday, January 27th. They issued a "buy" rating and a $53.00 target price for the company. National Bankshares reiterated an "outperform" rating on shares of GFL Environmental in a research report on Tuesday, March 11th. Finally, Scotiabank increased their target price on shares of GFL Environmental from $50.00 to $52.00 and gave the company a "sector outperform" rating in a research report on Wednesday, March 5th. One 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 a consensus target price of $49.63.

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GFL Environmental Stock Down 0.4 %

Shares of GFL traded down $0.21 during mid-day trading on Friday, hitting $47.87. 715,454 shares of the company's stock were exchanged, compared to its average volume of 1,327,248. The company has a market cap of $18.83 billion, a price-to-earnings ratio of -35.99 and a beta of 1.16. GFL Environmental Inc. has a fifty-two week low of $30.57 and a fifty-two week high of $48.87. 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 stock's 50-day moving average is $45.06 and its 200-day moving average is $43.65.

GFL Environmental (NYSE:GFL - Get Free Report) last issued its quarterly earnings results on Monday, February 24th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.03. The business had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $1.98 billion. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. On average, sell-side analysts anticipate that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 13th were issued a $0.014 dividend. The ex-dividend date 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.