Cohen & Steers Inc. Invests $51.51 Million in GFL Environmental Inc. (NYSE:GFL)

Cohen & Steers Inc. bought a new position in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,156,375 shares of the company's stock, valued at approximately $51,505,000. Cohen & Steers Inc. owned 0.29% of GFL Environmental at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Blue Trust Inc. boosted its stake in shares of GFL Environmental by 124.9% in 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 in the last quarter. Berbice Capital Management LLC bought a new position in GFL Environmental during the 4th quarter valued at about $27,000. SRH Advisors LLC acquired a new position in GFL Environmental in the fourth quarter valued at about $89,000. Steward Partners Investment Advisory LLC grew its stake in GFL Environmental by 350.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,400 shares of the company's stock worth $107,000 after buying an additional 1,867 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in shares of GFL Environmental by 6,717.9% during the fourth quarter. Venturi Wealth Management LLC now owns 2,659 shares of the company's stock worth $118,000 after buying an additional 2,620 shares in the last quarter. 64.70% of the stock is currently owned by institutional investors.

GFL Environmental Stock Down 0.1 %

NYSE:GFL traded down $0.06 on Friday, hitting $48.49. 1,192,629 shares of the company's stock were exchanged, compared to its average volume of 1,466,866. The company has a market cap of $19.07 billion, a P/E ratio of -36.46 and a beta of 1.09. The firm has a 50-day moving average price of $46.76 and a 200-day moving average price of $44.75. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.58 and a quick ratio of 0.58. GFL Environmental Inc. has a 52 week low of $30.57 and a 52 week high of $49.45.

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. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.98 billion. As a group, analysts expect that GFL Environmental Inc. will post 0.58 EPS for the current fiscal year.

GFL Environmental Increases Dividend

The company 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 $0.0154 dividend. 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%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Stifel Nicolaus upgraded GFL Environmental from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. Citigroup decreased their target price on GFL Environmental from $56.00 to $53.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $53.00 price target on shares of GFL Environmental in a report on Monday, February 24th. Scotiabank increased their price objective on shares of GFL Environmental from $52.00 to $54.00 and gave the stock an "outperform" rating in a report on Tuesday, April 8th. Finally, UBS Group boosted their target price on shares of GFL Environmental from $50.00 to $57.00 and gave the stock a "buy" rating in a research note on Friday, April 4th. One equities 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 company currently has a consensus rating of "Moderate Buy" and an average target price of $52.00.

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.