Vanguard Group Inc. Buys 217,096 Shares of GFL Environmental Inc. (NYSE:GFL)

Vanguard Group Inc. increased its position in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,697,180 shares of the company's stock after acquiring an additional 217,096 shares during the period. Vanguard Group Inc. owned about 2.21% of GFL Environmental worth $387,705,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Cerity Partners LLC boosted its holdings in shares of GFL Environmental by 88.5% in the 3rd quarter. Cerity Partners LLC now owns 21,148 shares of the company's stock valued at $843,000 after purchasing an additional 9,930 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of GFL Environmental by 2.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,293 shares of the company's stock worth $1,769,000 after buying an additional 848 shares during the last quarter. Walleye Trading LLC acquired a new stake in GFL Environmental in the third quarter valued at about $606,000. Verition Fund Management LLC grew its position in GFL Environmental by 539.9% in the third quarter. Verition Fund Management LLC now owns 84,468 shares of the company's stock valued at $3,369,000 after acquiring an additional 71,268 shares during the last quarter. Finally, Erste Asset Management GmbH acquired a new position in GFL Environmental during the third quarter worth about $515,000. 64.70% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on GFL. Scotiabank raised their price target on shares of GFL Environmental from $50.00 to $52.00 and gave the company a "sector outperform" rating in a research note on Wednesday, March 5th. Stifel Nicolaus raised shares of GFL Environmental from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. Royal Bank of Canada reiterated an "outperform" rating and issued a $53.00 price target on shares of GFL Environmental in a research note on Monday, February 24th. UBS Group boosted their price objective on GFL Environmental from $50.00 to $57.00 and gave the stock a "buy" rating in a research report on Friday. Finally, National Bankshares reiterated an "outperform" rating on shares of GFL Environmental in a research report on Tuesday, March 11th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $51.38.

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GFL Environmental Trading Down 4.1 %

Shares of NYSE GFL traded down $1.85 during trading on Monday, reaching $42.88. The company had a trading volume of 3,790,216 shares, compared to its average volume of 1,414,510. The stock has a market cap of $16.87 billion, a P/E ratio of -32.24 and a beta of 1.09. The company's fifty day moving average price is $46.14 and its 200-day moving average price is $44.26. The company has a quick ratio of 0.58, a current 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 $49.35.

GFL Environmental (NYSE:GFL - Get Free Report) last announced its earnings results on Monday, February 24th. The company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.03. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate 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, research analysts expect that GFL Environmental Inc. will post 0.58 earnings per share for the current year.

GFL Environmental Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 14th will be given a dividend of $0.0154 per share. This is a positive change from GFL Environmental's previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a dividend yield of 0.14%. GFL Environmental's dividend payout ratio is presently -3.23%.

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.