Russell Investments Group Ltd. increased its position in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 702,607 shares of the company's stock after acquiring an additional 18,652 shares during the period. Russell Investments Group Ltd. owned approximately 0.18% of GFL Environmental worth $31,294,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Generate Investment Management Ltd bought a new position in shares of GFL Environmental in the fourth quarter worth $15,041,000. Tobam bought a new position in GFL Environmental in the 4th quarter worth about $1,846,000. Duff & Phelps Investment Management Co. raised its holdings in shares of GFL Environmental by 14.6% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 310,918 shares of the company's stock valued at $12,399,000 after acquiring an additional 39,558 shares in the last quarter. National Bank of Canada FI boosted its position in shares of GFL Environmental by 16.9% during the 3rd quarter. National Bank of Canada FI now owns 214,007 shares of the company's stock valued at $8,536,000 after acquiring an additional 31,003 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of GFL Environmental during the fourth quarter worth about $18,836,000. 64.70% of the stock is currently owned by hedge funds and other institutional investors.
GFL Environmental Trading Up 1.7 %
GFL traded up $0.79 on Friday, hitting $48.29. 1,790,714 shares of the company were exchanged, compared to its average volume of 1,457,209. 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 firm has a fifty day simple moving average of $46.49 and a two-hundred day simple moving average of $44.51. The stock has a market capitalization of $18.99 billion, a PE ratio of -36.30 and a beta of 1.09. 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 issued its earnings results on Monday, February 24th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.03. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. The firm had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $1.98 billion. Sell-side analysts expect that GFL Environmental Inc. will post 0.58 earnings per share for the current year.
GFL Environmental Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 14th will be paid a dividend of $0.0154 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.13%. This is an increase from GFL Environmental's previous quarterly dividend of $0.01. GFL Environmental's dividend payout ratio is -3.87%.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on GFL shares. Royal Bank of Canada reiterated an "outperform" rating and set a $53.00 target price on shares of GFL Environmental in a research report on Monday, February 24th. Stifel Nicolaus upgraded shares of GFL Environmental from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. Truist Financial increased their target price on GFL Environmental from $54.00 to $58.00 and gave the company a "buy" rating in a research note on Wednesday, April 2nd. Scotiabank lifted their price target on GFL Environmental from $52.00 to $54.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 8th. Finally, National Bankshares reiterated an "outperform" rating on shares of GFL Environmental in a research report on Tuesday, March 11th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, GFL Environmental presently has an average rating of "Moderate Buy" and a consensus price target of $51.25.
Check Out Our Latest Report on GFL Environmental
GFL Environmental Company Profile
(
Free Report)
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.
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