Bank of Hawaii Has $1.73 Million Position in GFL Environmental Inc. (NYSE:GFL)

Bank of Hawaii increased its holdings in GFL Environmental Inc. (NYSE:GFL - Free Report) by 29.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,935 shares of the company's stock after buying an additional 8,872 shares during the quarter. Bank of Hawaii's holdings in GFL Environmental were worth $1,734,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Continuum Advisory LLC boosted its stake in GFL Environmental by 60.6% in the 3rd quarter. Continuum Advisory LLC now owns 673 shares of the company's stock worth $29,000 after purchasing an additional 254 shares during the period. Erste Asset Management GmbH increased 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 during the period. Metis Global Partners LLC lifted its position in shares of GFL Environmental by 5.4% in the fourth quarter. Metis Global Partners LLC now owns 5,790 shares of the company's stock worth $258,000 after purchasing an additional 298 shares in the last quarter. Blue Trust Inc. boosted its holdings 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 during the period. Finally, US Bancorp DE grew its position in GFL Environmental by 12.5% during the fourth quarter. US Bancorp DE now owns 2,890 shares of the company's stock valued at $129,000 after purchasing an additional 321 shares in the last quarter. 64.70% of the stock is currently owned by institutional investors and hedge funds.

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GFL Environmental Trading Up 0.4 %

GFL Environmental stock traded up $0.20 during mid-day trading on Tuesday, hitting $49.15. The stock had a trading volume of 265,322 shares, compared to its average volume of 1,453,291. 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 12 month low of $30.57 and a 12 month high of $49.44. The stock has a market capitalization of $19.33 billion, a PE ratio of -36.95 and a beta of 1.09. The stock has a 50-day simple moving average of $46.56 and a two-hundred day simple moving average of $44.57.

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

GFL Environmental Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 14th will be paid a dividend of $0.0154 per share. This represents a $0.06 annualized dividend and a 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 presently -3.87%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on GFL shares. Truist Financial boosted their price target on GFL Environmental from $54.00 to $58.00 and gave the company a "buy" rating in a research note on Wednesday, April 2nd. Scotiabank raised their price objective on shares of GFL Environmental from $52.00 to $54.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 8th. Stifel Nicolaus raised shares of GFL Environmental from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. National Bankshares reaffirmed an "outperform" rating on shares of GFL Environmental in a research report on Tuesday, March 11th. Finally, Citigroup dropped their price target on shares of GFL Environmental from $56.00 to $53.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $51.25.

GFL Environmental 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.