Swiss National Bank Has $26.10 Million Holdings in GFL Environmental Inc. (NYSE:GFL)

Swiss National Bank decreased its stake in shares of GFL Environmental Inc. (NYSE:GFL) by 2.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 755,300 shares of the company’s stock after selling 22,800 shares during the quarter. Swiss National Bank owned about 0.20% of GFL Environmental worth $26,104,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Signaturefd LLC grew its holdings in GFL Environmental by 48.9% in the fourth quarter. Signaturefd LLC now owns 1,178 shares of the company’s stock worth $41,000 after purchasing an additional 387 shares during the period. Oliver Lagore Vanvalin Investment Group boosted its position in shares of GFL Environmental by 60.1% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 1,209 shares of the company’s stock worth $42,000 after purchasing an additional 454 shares in the last quarter. First Horizon Advisors Inc. grew its stake in shares of GFL Environmental by 43.1% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,531 shares of the company’s stock valued at $80,000 after buying an additional 762 shares during the period. Chilton Capital Management LLC bought a new stake in GFL Environmental in the 4th quarter valued at about $110,000. Finally, Key Financial Inc raised its stake in GFL Environmental by 393.0% during the 4th quarter. Key Financial Inc now owns 3,594 shares of the company’s stock worth $124,000 after buying an additional 2,865 shares during the period. Institutional investors own 64.70% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Wells Fargo & Company boosted their price objective on GFL Environmental from $30.00 to $34.00 and gave the company an “equal weight” rating in a report on Tuesday, February 6th. TheStreet raised shares of GFL Environmental from a “d+” rating to a “c” rating in a research note on Tuesday, February 20th. BMO Capital Markets lifted their price objective on shares of GFL Environmental from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Royal Bank of Canada initiated coverage on shares of GFL Environmental in a report on Monday, April 8th. They issued an “outperform” rating and a $46.00 target price on the stock. Finally, TD Cowen lifted their price target on GFL Environmental from $42.00 to $43.00 and gave the company a “buy” rating in a research note on Monday. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $43.08.

GFL Environmental Stock Performance

GFL stock opened at $32.67 on Thursday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.29. The firm has a market cap of $12.13 billion, a PE ratio of 51.22 and a beta of 1.15. The business has a 50 day moving average of $34.08 and a 200-day moving average of $32.79. GFL Environmental Inc. has a 12-month low of $26.87 and a 12-month high of $39.06.

GFL Environmental (NYSE:GFL) last announced its quarterly earnings data on Tuesday, February 20th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.14). The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.37 billion. GFL Environmental had a net margin of 1.25% and a return on equity of 4.51%. As a group, sell-side analysts expect that GFL Environmental Inc. will post 0.7 earnings per share for the current year.

GFL Environmental Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th were given a $0.014 dividend. This is a positive change from GFL Environmental’s previous quarterly dividend of $0.01. The ex-dividend date was Friday, April 12th. This represents a $0.06 annualized dividend and a yield of 0.17%.

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.