Zurcher Kantonalbank Zurich Cantonalbank Purchases 6,442 Shares of GFL Environmental Inc. (NYSE:GFL)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in GFL Environmental Inc. (NYSE:GFL - Free Report) by 14.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,735 shares of the company's stock after purchasing an additional 6,442 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in GFL Environmental were worth $2,261,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. US Bancorp DE raised its stake in GFL Environmental by 51.5% during the third quarter. US Bancorp DE now owns 2,569 shares of the company's stock valued at $102,000 after buying an additional 873 shares in the last quarter. Atria Investments Inc raised its stake in GFL Environmental by 11.3% during the third quarter. Atria Investments Inc now owns 15,400 shares of the company's stock valued at $614,000 after buying an additional 1,567 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in GFL Environmental by 93.9% during the third quarter. Oppenheimer Asset Management Inc. now owns 40,304 shares of the company's stock valued at $1,607,000 after buying an additional 19,520 shares in the last quarter. Swiss National Bank raised its stake in GFL Environmental by 0.8% during the third quarter. Swiss National Bank now owns 661,900 shares of the company's stock valued at $26,446,000 after buying an additional 5,400 shares in the last quarter. Finally, Avior Wealth Management LLC acquired a new stake in GFL Environmental during the third quarter valued at approximately $82,000. Hedge funds and other institutional investors own 64.70% of the company's stock.

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Analysts Set New Price Targets

Several analysts have issued reports on the company. Scotiabank upped their price objective on GFL Environmental from $50.00 to $52.00 and gave the company a "sector outperform" rating in a research note on Wednesday, March 5th. Royal Bank of Canada reiterated an "outperform" rating and set a $53.00 price target on shares of GFL Environmental in a research report on Monday, February 24th. Stifel Nicolaus upgraded GFL Environmental from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. National Bankshares reiterated an "outperform" rating on shares of GFL Environmental in a research report on Tuesday, March 11th. Finally, Citigroup initiated coverage on GFL Environmental in a research report on Monday, January 27th. They set a "buy" rating and a $53.00 price target on the stock. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, GFL Environmental presently has an average rating of "Moderate Buy" and a consensus target price of $49.63.

GFL Environmental Stock Up 0.3 %

Shares of GFL stock traded up $0.13 on Thursday, reaching $48.14. 1,772,081 shares of the company's stock traded hands, compared to its average volume of 1,327,434. GFL Environmental Inc. has a 12-month low of $30.57 and a 12-month high of $48.87. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.58 and a current ratio of 0.58. The company has a market capitalization of $18.94 billion, a P/E ratio of -36.19 and a beta of 1.16. The business's 50 day moving average price is $44.92 and its two-hundred day moving average price is $43.59.

GFL Environmental (NYSE:GFL - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.03. The firm 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%. On average, equities analysts forecast that GFL Environmental Inc. will post 0.58 earnings per share for the current year.

GFL Environmental Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 13th were given a dividend of $0.014 per share. The ex-dividend date was Monday, January 13th. This represents a $0.06 dividend on an annualized basis and a yield of 0.12%. GFL Environmental's payout ratio is -3.23%.

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.