Oppenheimer Asset Management Inc. Increases Stock Holdings in GFL Environmental Inc. (NYSE:GFL)

Oppenheimer Asset Management Inc. increased its stake in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 93.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 40,304 shares of the company's stock after buying an additional 19,520 shares during the period. Oppenheimer Asset Management Inc.'s holdings in GFL Environmental were worth $1,607,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Seven Grand Managers LLC acquired a new position in GFL Environmental in the 3rd quarter valued at approximately $1,994,000. Toronto Dominion Bank lifted its stake in shares of GFL Environmental by 33.8% in the first quarter. Toronto Dominion Bank now owns 74,152 shares of the company's stock valued at $2,558,000 after buying an additional 18,742 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of GFL Environmental by 143.9% in the first quarter. Janney Montgomery Scott LLC now owns 17,628 shares of the company's stock valued at $608,000 after purchasing an additional 10,400 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of GFL Environmental by 115.3% in the third quarter. Harbor Capital Advisors Inc. now owns 49,566 shares of the company's stock valued at $1,977,000 after purchasing an additional 26,542 shares during the last quarter. Finally, Copeland Capital Management LLC raised its holdings in shares of GFL Environmental by 2.2% in the third quarter. Copeland Capital Management LLC now owns 921,377 shares of the company's stock valued at $36,745,000 after purchasing an additional 19,675 shares during the last quarter. Institutional investors own 64.70% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. UBS Group lifted their target price on shares of GFL Environmental from $47.00 to $50.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Royal Bank of Canada boosted their price objective on shares of GFL Environmental from $46.00 to $48.00 and gave the company an "outperform" rating in a research note on Friday, August 2nd. Raymond James boosted their price target on shares of GFL Environmental from $47.00 to $50.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. Scotiabank upped their price objective on shares of GFL Environmental from $50.00 to $51.00 and gave the company a "sector outperform" rating in a research note on Friday, November 8th. Finally, Truist Financial upped their price target on shares of GFL Environmental from $46.00 to $54.00 and gave the company a "buy" rating in a report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, GFL Environmental has a consensus rating of "Moderate Buy" and a consensus price target of $45.80.

GFL Environmental Price Performance

Shares of GFL stock traded up $0.90 during trading hours on Monday, hitting $44.90. 490,725 shares of the company's stock were exchanged, compared to its average volume of 1,220,242. The firm has a 50 day moving average of $41.10 and a two-hundred day moving average of $38.85. GFL Environmental Inc. has a fifty-two week low of $26.87 and a fifty-two week high of $46.48. The company has a quick ratio of 0.89, a current ratio of 0.58 and a debt-to-equity ratio of 1.27. The firm has a market cap of $16.91 billion, a P/E ratio of -33.67 and a beta of 1.15.

GFL Environmental (NYSE:GFL - Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.01. The company had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.49 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. Sell-side analysts forecast that GFL Environmental Inc. will post 0.6 EPS for the current year.

GFL Environmental Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th were given a $0.014 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date was Wednesday, October 16th. GFL Environmental's dividend payout ratio is currently -3.76%.

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.