GFL Environmental Inc. (NYSE:GFL) Shares Acquired by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC increased its holdings in shares of GFL Environmental Inc. (NYSE:GFL) by 1.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 31,503 shares of the company’s stock after acquiring an additional 351 shares during the period. O Shaughnessy Asset Management LLC’s holdings in GFL Environmental were worth $1,403,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of GFL. Janus Henderson Group PLC boosted its position in GFL Environmental by 1,426.3% during the third quarter. Janus Henderson Group PLC now owns 87,000 shares of the company’s stock worth $3,467,000 after purchasing an additional 81,300 shares in the last quarter. Quantinno Capital Management LP grew its stake in GFL Environmental by 9.3% in the 3rd quarter. Quantinno Capital Management LP now owns 22,453 shares of the company’s stock valued at $895,000 after acquiring an additional 1,904 shares during the period. Stifel Financial Corp raised its position in GFL Environmental by 8.2% during the third quarter. Stifel Financial Corp now owns 86,644 shares of the company’s stock worth $3,455,000 after acquiring an additional 6,583 shares during the period. Wolverine Trading LLC lifted its holdings in GFL Environmental by 89.2% during the third quarter. Wolverine Trading LLC now owns 5,109 shares of the company’s stock valued at $201,000 after purchasing an additional 2,409 shares in the last quarter. Finally, National Bank of Canada FI grew its position in shares of GFL Environmental by 16.9% in the third quarter. National Bank of Canada FI now owns 214,007 shares of the company’s stock valued at $8,536,000 after purchasing an additional 31,003 shares during the period. 64.70% of the stock is currently owned by institutional investors and hedge funds.

GFL Environmental Stock Down 7.0 %

NYSE GFL opened at $44.76 on Friday. 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 52 week low of $30.57 and a 52 week high of $49.35. The business’s fifty day simple moving average is $46.15 and its 200-day simple moving average is $44.20. The firm has a market cap of $17.61 billion, a PE ratio of -33.65 and a beta of 1.09.

GFL Environmental (NYSE:GFL) last issued 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. 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%. As a group, equities analysts anticipate that GFL Environmental Inc. will post 0.58 earnings per share for the current year.

GFL Environmental Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 14th will be given a $0.0154 dividend. This is a positive change from GFL Environmental’s previous quarterly dividend of $0.01. This represents a $0.06 dividend on an annualized basis and a yield of 0.14%. GFL Environmental’s payout ratio is presently -3.23%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on GFL shares. Royal Bank of Canada restated an “outperform” rating and set a $53.00 price target on shares of GFL Environmental in a research report on Monday, February 24th. UBS Group raised their target price on GFL Environmental from $50.00 to $57.00 and gave the company a “buy” rating in a research report on Friday. National Bankshares reiterated an “outperform” rating on shares of GFL Environmental in a research report on Tuesday, March 11th. Truist Financial lifted their target price on shares of GFL Environmental from $54.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Scotiabank increased 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 report on Wednesday, March 5th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $51.38.

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.