GFL Environmental Inc. (NYSE:GFL) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of GFL Environmental Inc. (NYSE:GFL) by 14.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,735 shares of the company’s stock after purchasing an additional 6,442 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in GFL Environmental were worth $2,261,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Amundi raised its stake in GFL Environmental by 9.2% during the fourth quarter. Amundi now owns 124,027 shares of the company’s stock worth $5,550,000 after purchasing an additional 10,428 shares during the period. Raymond James Financial Inc. purchased a new position in GFL Environmental during the fourth quarter worth approximately $18,836,000. Charles Schwab Investment Management Inc. raised its stake in GFL Environmental by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 510,528 shares of the company’s stock worth $22,747,000 after purchasing an additional 6,715 shares during the period. Steward Partners Investment Advisory LLC raised its stake in GFL Environmental by 350.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,400 shares of the company’s stock worth $107,000 after purchasing an additional 1,867 shares during the period. Finally, Asahi Life Asset Management CO. LTD. purchased a new position in GFL Environmental during the fourth quarter worth approximately $251,000. Hedge funds and other institutional investors own 64.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GFL. National Bankshares reaffirmed an “outperform” rating on shares of GFL Environmental in a research note on Tuesday, March 11th. Scotiabank raised their target price on shares of 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 target price on shares of GFL Environmental in a research note on Monday, February 24th. Citigroup initiated coverage on shares of GFL Environmental in a research note on Monday, January 27th. They issued a “buy” rating and a $53.00 target price on the stock. Finally, Stifel Nicolaus raised shares of GFL Environmental from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, GFL Environmental presently has an average rating of “Moderate Buy” and an average target price of $49.78.

GFL Environmental Stock Performance

GFL Environmental stock 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 capitalization of $18.19 billion, a price-to-earnings ratio of -34.77 and a beta of 1.16. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.58 and a quick ratio of 0.58. The firm’s fifty day moving average price is $44.75 and its 200 day moving average price is $43.51.

GFL Environmental (NYSE:GFL) last released its quarterly 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. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.98 billion. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. On average, research analysts forecast that GFL Environmental Inc. will post 0.58 EPS for the current fiscal year.

GFL Environmental Dividend Announcement

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