Swiss National Bank Buys 2,700 Shares of GFL Environmental Inc. (NYSE:GFL)

Swiss National Bank increased its stake in shares of GFL Environmental Inc. (NYSE:GFL) by 0.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 664,600 shares of the company’s stock after purchasing an additional 2,700 shares during the period. Swiss National Bank’s holdings in GFL Environmental were worth $29,613,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GFL. Fred Alger Management LLC lifted its position in GFL Environmental by 64.3% during the third quarter. Fred Alger Management LLC now owns 10,221,130 shares of the company’s stock valued at $407,619,000 after purchasing an additional 3,999,363 shares during the period. Soros Fund Management LLC lifted its position in GFL Environmental by 487.0% during the third quarter. Soros Fund Management LLC now owns 3,156,327 shares of the company’s stock valued at $125,874,000 after purchasing an additional 2,618,589 shares during the period. FMR LLC lifted its position in GFL Environmental by 7.4% during the third quarter. FMR LLC now owns 25,158,657 shares of the company’s stock valued at $1,003,591,000 after purchasing an additional 1,728,598 shares during the period. Brown Brothers Harriman & Co. lifted its position in GFL Environmental by 162.0% during the third quarter. Brown Brothers Harriman & Co. now owns 1,271,161 shares of the company’s stock valued at $50,694,000 after purchasing an additional 786,044 shares during the period. Finally, Raymond James Financial Inc. bought a new position in GFL Environmental during the fourth quarter valued at approximately $18,836,000. Institutional investors own 64.70% of the company’s stock.

Analysts Set New Price Targets

GFL has been the topic of a number of research analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $53.00 price objective on shares of GFL Environmental in a research report on Monday, February 24th. Citigroup started coverage on shares of GFL Environmental in a report on Monday, January 27th. They set a “buy” rating and a $53.00 target price for the company. Stifel Nicolaus raised shares of GFL Environmental from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. National Bankshares reaffirmed an “outperform” rating on shares of GFL Environmental in a report on Tuesday, March 11th. Finally, Scotiabank upped their target price on shares of GFL Environmental from $50.00 to $52.00 and gave the company a “sector outperform” rating in a report on Wednesday, March 5th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, GFL Environmental presently has an average rating of “Moderate Buy” and an average price target of $49.78.

GFL Environmental Stock Performance

Shares of NYSE GFL opened at $46.22 on Tuesday. The firm has a fifty day moving average price of $44.80 and a 200-day moving average price of $43.53. 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 stock has a market cap of $18.18 billion, a PE ratio of -34.75 and a beta of 1.16. GFL Environmental Inc. has a 1 year low of $30.57 and a 1 year high of $48.87.

GFL Environmental (NYSE:GFL) last posted its earnings results on Monday, February 24th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.98 billion. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. Equities analysts anticipate that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Dividend Announcement

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

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.