GFL Environmental Inc. (NYSE:GFL) Shares Acquired by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. boosted its holdings in GFL Environmental Inc. (NYSE:GFL - Free Report) by 12.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,617 shares of the company's stock after purchasing an additional 6,209 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in GFL Environmental were worth $2,478,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Natixis acquired a new position in shares of GFL Environmental during the 4th quarter valued at about $49,000. Ossiam increased its position in GFL Environmental by 115.2% during the fourth quarter. Ossiam now owns 87,350 shares of the company's stock worth $3,892,000 after purchasing an additional 46,756 shares during the last quarter. Capital Research Global Investors increased its position in GFL Environmental by 11.4% during the fourth quarter. Capital Research Global Investors now owns 26,973,784 shares of the company's stock worth $1,201,406,000 after purchasing an additional 2,751,618 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its stake in GFL Environmental by 0.6% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 91,316 shares of the company's stock worth $3,998,000 after purchasing an additional 526 shares during the period. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of GFL Environmental by 5.9% in the 4th quarter. Canada Pension Plan Investment Board now owns 539,906 shares of the company's stock valued at $24,037,000 after purchasing an additional 30,000 shares during the last quarter. 64.70% of the stock is currently owned by hedge funds and other institutional investors.

GFL Environmental Stock Performance

Shares of GFL opened at $48.08 on Thursday. The firm has a market cap of $18.91 billion, a price-to-earnings ratio of -36.15 and a beta of 1.09. 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 business's 50 day moving average is $46.86 and its two-hundred day moving average is $44.91. 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 (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. The firm 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%. Analysts forecast 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. Investors of record on Monday, April 14th will be issued a $0.0154 dividend. This is a positive change from GFL Environmental's previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a yield of 0.13%. GFL Environmental's payout ratio is currently -3.87%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on GFL. Raymond James set a $56.00 target price on GFL Environmental and gave the company an "outperform" rating in a report on Wednesday, April 16th. Scotiabank lifted their price objective on GFL Environmental from $52.00 to $54.00 and gave the company an "outperform" rating in a research note on Tuesday, April 8th. National Bankshares reissued an "outperform" rating on shares of GFL Environmental in a research report on Tuesday, March 11th. Stifel Nicolaus raised shares of GFL Environmental from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. Finally, UBS Group increased their price objective on shares of GFL Environmental from $50.00 to $57.00 and gave the stock a "buy" rating in a research report on Friday, April 4th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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