National Bank of Canada FI Has $11.63 Million Stock Position in GFL Environmental Inc. (NYSE:GFL)

National Bank of Canada FI boosted its stake in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 21.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 260,675 shares of the company's stock after buying an additional 46,668 shares during the period. National Bank of Canada FI owned approximately 0.07% of GFL Environmental worth $11,630,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of GFL. Norges Bank acquired a new position in GFL Environmental in the 4th quarter worth $126,420,000. Soros Fund Management LLC grew its holdings in shares of GFL Environmental by 487.0% during the third quarter. Soros Fund Management LLC now owns 3,156,327 shares of the company's stock worth $125,874,000 after buying an additional 2,618,589 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of GFL Environmental by 40.4% during the fourth quarter. American Century Companies Inc. now owns 2,412,639 shares of the company's stock worth $107,459,000 after buying an additional 693,884 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in GFL Environmental in the 4th quarter valued at approximately $18,836,000. Finally, Generate Investment Management Ltd bought a new stake in GFL Environmental in the 4th quarter valued at approximately $15,041,000. Institutional investors own 64.70% of the company's stock.

GFL Environmental Stock Performance

Shares of NYSE:GFL traded down $0.67 during trading on Thursday, reaching $46.95. 825,257 shares of the stock were exchanged, compared to its average volume of 2,090,244. GFL Environmental Inc. has a 12 month low of $30.57 and a 12 month high of $49.35. The stock has a 50-day moving average price of $46.33 and a 200-day moving average price of $44.36. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.27. The firm has a market cap of $18.47 billion, a PE ratio of -35.33 and a beta of 1.09.

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

GFL Environmental Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 14th will be given a dividend of $0.0154 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.13%. This is a positive change from GFL Environmental's previous quarterly dividend of $0.01. GFL Environmental's dividend payout ratio is presently -3.87%.

Analyst Upgrades and Downgrades

GFL has been the topic of a number of research reports. Royal Bank of Canada reissued an "outperform" rating and issued a $53.00 price objective on shares of GFL Environmental in a research report on Monday, February 24th. Truist Financial lifted their target price on GFL Environmental from $54.00 to $58.00 and gave the company a "buy" rating in a research report on Wednesday, April 2nd. Stifel Nicolaus raised GFL Environmental from a "hold" rating to a "buy" rating in a research 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 objective on GFL Environmental from $56.00 to $53.00 and set a "buy" rating on the stock in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price 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.