GFL Environmental Inc. (NYSE:GFL) Shares Bought by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. grew its holdings in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 23.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 485,117 shares of the company's stock after purchasing an additional 91,421 shares during the period. Brown Brothers Harriman & Co. owned 0.13% of GFL Environmental worth $18,886,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Tobam acquired a new stake in shares of GFL Environmental during the first quarter worth $25,000. Headlands Technologies LLC bought a new position in shares of GFL Environmental during the first quarter worth about $39,000. Cape Investment Advisory Inc. grew its position in shares of GFL Environmental by 325.0% during the first quarter. Cape Investment Advisory Inc. now owns 1,275 shares of the company's stock worth $44,000 after acquiring an additional 975 shares during the last quarter. Fifth Third Bancorp grew its position in shares of GFL Environmental by 51.1% during the second quarter. Fifth Third Bancorp now owns 1,358 shares of the company's stock worth $53,000 after acquiring an additional 459 shares during the last quarter. Finally, Central Pacific Bank Trust Division bought a new position in shares of GFL Environmental during the first quarter worth about $69,000. 64.70% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on GFL shares. Royal Bank of Canada upped their price target on shares of GFL Environmental from $46.00 to $48.00 and gave the stock an "outperform" rating in a research report on Friday, August 2nd. Raymond James upped their price target on shares of GFL Environmental from $43.00 to $45.00 and gave the stock an "outperform" rating in a research report on Monday, July 22nd. Finally, BMO Capital Markets lowered shares of GFL Environmental from an "outperform" rating to a "market perform" rating and lowered their price target for the stock from $43.00 to $42.00 in a research report on Tuesday, July 9th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, GFL Environmental presently has an average rating of "Moderate Buy" and a consensus price target of $42.64.

GFL Environmental Price Performance

GFL Environmental stock traded up $0.16 during trading hours on Monday, hitting $40.19. 1,071,589 shares of the company traded hands, compared to its average volume of 1,239,083. The firm has a market cap of $15.13 billion, a P/E ratio of 39.02 and a beta of 1.16. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.45. The firm's 50-day simple moving average is $40.21 and its two-hundred day simple moving average is $36.64. GFL Environmental Inc. has a 1-year low of $26.87 and a 1-year high of $43.79.

GFL Environmental (NYSE:GFL - Get Free Report) last released its earnings results on Wednesday, July 31st. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.20 by $0.01. The firm had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.51 billion. GFL Environmental had a negative net margin of 8.78% and a positive return on equity of 3.32%. As a group, analysts forecast that GFL Environmental Inc. will post 0.62 earnings per share for the current fiscal year.

GFL Environmental Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th were paid a $0.014 dividend. The ex-dividend date was Monday, July 15th. This represents a $0.06 annualized dividend and a dividend yield of 0.14%. GFL Environmental's dividend payout ratio is currently 4.85%.

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.