Duff & Phelps Investment Management Co. Purchases 39,558 Shares of GFL Environmental Inc. (NYSE:GFL)

Duff & Phelps Investment Management Co. lifted its holdings in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 14.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 310,918 shares of the company's stock after acquiring an additional 39,558 shares during the quarter. Duff & Phelps Investment Management Co. owned about 0.08% of GFL Environmental worth $12,399,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Seven Grand Managers LLC bought a new stake in shares of GFL Environmental in the third quarter worth $1,994,000. Harbor Capital Advisors Inc. grew its position in GFL Environmental by 115.3% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 49,566 shares of the company's stock worth $1,977,000 after purchasing an additional 26,542 shares during the last quarter. FMR LLC raised its stake in GFL Environmental by 7.4% during the 3rd quarter. FMR LLC now owns 25,158,657 shares of the company's stock valued at $1,003,591,000 after acquiring an additional 1,728,598 shares in the last quarter. Copeland Capital Management LLC lifted its holdings in GFL Environmental by 2.2% in the third quarter. Copeland Capital Management LLC now owns 921,377 shares of the company's stock worth $36,745,000 after purchasing an additional 19,675 shares during the period. Finally, Forsta AP Fonden bought a new stake in GFL Environmental during the third quarter worth approximately $1,761,000. Institutional investors and hedge funds own 64.70% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on GFL. Truist Financial upped their price target on shares of GFL Environmental from $46.00 to $54.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Scotiabank increased their price objective on GFL Environmental from $50.00 to $51.00 and gave the company a "sector outperform" rating in a report on Friday, November 8th. UBS Group boosted their price objective on GFL Environmental from $47.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Finally, Raymond James increased their price objective on shares of GFL Environmental from $47.00 to $50.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $45.80.

GFL Environmental Trading Down 0.5 %

GFL traded down $0.24 during trading on Monday, reaching $45.79. 923,262 shares of the company's stock were exchanged, compared to its average volume of 1,208,083. The stock has a market capitalization of $18.01 billion, a PE ratio of -34.55 and a beta of 1.16. The firm has a fifty day moving average price of $43.02 and a two-hundred day moving average price of $40.32. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.27. GFL Environmental Inc. has a one year low of $28.50 and a one year high of $48.87.

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

GFL Environmental Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th were issued a $0.014 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.12%. The ex-dividend date was Wednesday, October 16th. GFL Environmental's dividend payout ratio is presently -3.76%.

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.