GFL Environmental Inc. (NYSE:GFL) Stock Position Raised by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC raised its position in shares of GFL Environmental Inc. (NYSE:GFL) by 350.3% in the fourth quarter, Holdings Channel reports. The firm owned 2,400 shares of the company’s stock after buying an additional 1,867 shares during the period. Steward Partners Investment Advisory LLC’s holdings in GFL Environmental were worth $107,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Asahi Life Asset Management CO. LTD. purchased a new stake in shares of GFL Environmental during the 4th quarter worth about $251,000. Metis Global Partners LLC raised its stake in shares of GFL Environmental by 5.4% during the 4th quarter. Metis Global Partners LLC now owns 5,790 shares of the company’s stock worth $258,000 after purchasing an additional 298 shares in the last quarter. Williamson Legacy Group LLC raised its stake in shares of GFL Environmental by 7.6% during the 4th quarter. Williamson Legacy Group LLC now owns 19,026 shares of the company’s stock worth $847,000 after purchasing an additional 1,336 shares in the last quarter. US Bancorp DE raised its stake in shares of GFL Environmental by 12.5% in the 4th quarter. US Bancorp DE now owns 2,890 shares of the company’s stock valued at $129,000 after acquiring an additional 321 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in shares of GFL Environmental by 12.4% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 45,296 shares of the company’s stock valued at $2,017,000 after acquiring an additional 4,992 shares in the last quarter. 64.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Citigroup assumed coverage on GFL Environmental in a research note on Monday, January 27th. They issued a “buy” rating and a $53.00 price objective on the stock. National Bankshares reissued an “outperform” rating on shares of GFL Environmental in a research note on Tuesday, March 11th. Scotiabank raised their price objective on GFL Environmental from $50.00 to $52.00 and gave the company a “sector outperform” rating in a research note on Wednesday, March 5th. Royal Bank of Canada reissued an “outperform” rating and issued a $53.00 price objective on shares of GFL Environmental in a research note on Monday, February 24th. Finally, Stifel Nicolaus raised GFL Environmental from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $49.78.

GFL Environmental Stock Performance

Shares of NYSE GFL opened at $46.24 on Monday. GFL Environmental Inc. has a 12 month low of $30.57 and a 12 month high of $48.87. The company has a market cap of $18.19 billion, a P/E ratio of -34.77 and a beta of 1.16. The business’s 50 day moving average is $44.75 and its two-hundred day moving average is $43.51. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.27.

GFL Environmental (NYSE:GFL) last announced its quarterly earnings data on Monday, February 24th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.98 billion. On average, equities analysts expect that GFL Environmental Inc. will post 0.58 EPS for the current year.

GFL Environmental Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 13th were issued a dividend of $0.014 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.12%. The ex-dividend date of this dividend was Monday, January 13th. GFL Environmental’s payout ratio is presently -3.23%.

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.