Russell Investments Group Ltd. Boosts Stock Holdings in GFL Environmental Inc. (NYSE:GFL)

Russell Investments Group Ltd. boosted its position in GFL Environmental Inc. (NYSE:GFL) by 2.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 702,607 shares of the company’s stock after purchasing an additional 18,652 shares during the period. Russell Investments Group Ltd. owned about 0.18% of GFL Environmental worth $31,294,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of GFL Environmental in the 4th quarter valued at approximately $126,420,000. American Century Companies Inc. raised its position in GFL Environmental by 40.4% in the fourth quarter. American Century Companies Inc. now owns 2,412,639 shares of the company’s stock worth $107,459,000 after acquiring an additional 693,884 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in GFL Environmental in the fourth quarter valued at $18,836,000. Geode Capital Management LLC boosted its position in shares of GFL Environmental by 38.7% during the 4th quarter. Geode Capital Management LLC now owns 1,274,496 shares of the company’s stock worth $56,496,000 after purchasing an additional 355,790 shares in the last quarter. Finally, Generate Investment Management Ltd acquired a new position in shares of GFL Environmental during the 4th quarter worth $15,041,000. Hedge funds and other institutional investors own 64.70% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Stifel Nicolaus raised shares of GFL Environmental from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. Citigroup boosted their price target on GFL Environmental from $51.00 to $56.00 and gave the stock a “buy” rating in a research note on Wednesday, April 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $53.00 price objective on shares of GFL Environmental in a report on Monday, February 24th. Truist Financial boosted their target price on GFL Environmental from $54.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, April 2nd. Finally, Scotiabank raised their price target on GFL Environmental from $50.00 to $52.00 and gave the company a “sector outperform” rating in a research report on Wednesday, March 5th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $51.38.

GFL Environmental Stock Performance

NYSE GFL opened at $42.88 on Tuesday. 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 Inc. has a fifty-two week low of $30.57 and a fifty-two week high of $49.35. The business has a fifty day moving average of $46.14 and a 200-day moving average of $44.26. The stock has a market cap of $16.87 billion, a price-to-earnings ratio of -32.24 and a beta of 1.09.

GFL Environmental (NYSE:GFL) last announced 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. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.98 billion. As a group, analysts predict that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 14th will be given a dividend of $0.0154 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.14%. This is a positive change from GFL Environmental’s previous quarterly dividend of $0.01. GFL Environmental’s dividend payout ratio (DPR) 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.