GFL Environmental Inc. (NYSE:GFL) Shares Purchased by Fmr LLC

FMR LLC boosted its stake in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 10.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,664,678 shares of the company's stock after purchasing an additional 2,506,021 shares during the quarter. FMR LLC owned approximately 7.03% of GFL Environmental worth $1,233,223,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Continuum Advisory LLC increased its stake in shares of 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 buying an additional 254 shares during the period. Erste Asset Management GmbH raised its holdings in shares of GFL Environmental by 2.0% in the 4th quarter. Erste Asset Management GmbH now owns 13,371 shares of the company's stock valued at $597,000 after purchasing an additional 261 shares in the last quarter. Metis Global Partners LLC lifted its position in shares of GFL Environmental by 5.4% during the 4th quarter. Metis Global Partners LLC now owns 5,790 shares of the company's stock worth $258,000 after purchasing an additional 298 shares during the last quarter. Blue Trust Inc. grew its stake in shares of 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 purchasing an additional 306 shares in the last quarter. Finally, US Bancorp DE increased its holdings in GFL Environmental by 12.5% in the fourth quarter. US Bancorp DE now owns 2,890 shares of the company's stock valued at $129,000 after buying an additional 321 shares during the last quarter. Institutional investors and hedge funds own 64.70% of the company's stock.

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Wall Street Analyst Weigh In

Several research analysts have recently issued reports on GFL shares. Scotiabank upped their price objective on GFL Environmental from $52.00 to $54.00 and gave the stock an "outperform" rating in a research report on Tuesday. Citigroup decreased their target price on GFL Environmental from $56.00 to $53.00 and set a "buy" rating for the company in a research note on Tuesday. UBS Group increased their price target on shares of GFL Environmental from $50.00 to $57.00 and gave the company a "buy" rating in a research note on Friday, April 4th. National Bankshares restated an "outperform" rating on shares of GFL Environmental in a research report on Tuesday, March 11th. Finally, Truist Financial increased their target price on shares of GFL Environmental from $54.00 to $58.00 and gave the company a "buy" rating in a research report on Wednesday, April 2nd. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, GFL Environmental currently has an average rating of "Moderate Buy" and an average target price of $51.25.

GFL Environmental Stock Performance

NYSE:GFL traded up $0.79 during trading hours on Friday, reaching $48.29. 1,790,714 shares of the company's stock were exchanged, compared to its average volume of 1,456,561. GFL Environmental Inc. has a 1-year low of $30.57 and a 1-year high of $49.35. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $18.99 billion, a price-to-earnings ratio of -36.30 and a beta of 1.09. The company has a 50-day moving average of $46.49 and a 200 day moving average of $44.47.

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

GFL Environmental Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 14th will be issued a $0.0154 dividend. This is a boost from GFL Environmental's previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a dividend yield of 0.13%. GFL Environmental's dividend payout ratio (DPR) is currently -3.87%.

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.