Brown Brothers Harriman & Co. Increases Holdings in GFL Environmental Inc. (NYSE:GFL)

Brown Brothers Harriman & Co. increased its holdings in shares of GFL Environmental Inc. (NYSE:GFL) by 20.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,531,244 shares of the company’s stock after purchasing an additional 260,083 shares during the quarter. Brown Brothers Harriman & Co. owned approximately 0.39% of GFL Environmental worth $68,202,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GFL. Fred Alger Management LLC boosted its stake in GFL Environmental by 64.3% in the 3rd quarter. Fred Alger Management LLC now owns 10,221,130 shares of the company’s stock worth $407,619,000 after purchasing an additional 3,999,363 shares during the period. Vanguard Group Inc. boosted its position in shares of GFL Environmental by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 8,697,180 shares of the company’s stock worth $387,705,000 after acquiring an additional 217,096 shares during the last quarter. Maverick Capital Ltd. grew its stake in GFL Environmental by 11.3% during the third quarter. Maverick Capital Ltd. now owns 3,658,190 shares of the company’s stock valued at $145,889,000 after acquiring an additional 372,534 shares in the last quarter. Soros Fund Management LLC increased its holdings in GFL Environmental by 487.0% in the 3rd quarter. Soros Fund Management LLC now owns 3,156,327 shares of the company’s stock valued at $125,874,000 after acquiring an additional 2,618,589 shares during the last quarter. Finally, Norges Bank purchased a new stake in GFL Environmental in the 4th quarter worth $126,420,000. Institutional investors own 64.70% of the company’s stock.

Analyst Upgrades and Downgrades

GFL has been the subject 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 research note on Monday, January 27th. They set a “buy” rating and a $53.00 price target for the company. Stifel Nicolaus raised GFL Environmental from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. Scotiabank upped their target price on shares of GFL Environmental from $50.00 to $52.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, March 5th. Finally, National Bankshares reissued an “outperform” rating on shares of GFL Environmental in a research report on Tuesday, March 11th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, GFL Environmental presently has an average rating of “Moderate Buy” and an average price target of $49.63.

GFL Environmental Trading Down 2.1 %

NYSE GFL opened at $47.78 on Friday. GFL Environmental Inc. has a 12-month low of $30.57 and a 12-month high of $49.35. The company has a fifty day simple moving average of $45.60 and a two-hundred day simple moving average of $43.91. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.27. The stock has a market cap of $18.80 billion, a P/E ratio of -35.93 and a beta of 1.16.

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

GFL Environmental Announces Dividend

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