Swiss National Bank Grows Stock Position in GFL Environmental Inc. (NYSE:GFL)

Swiss National Bank lifted its stake in GFL Environmental Inc. (NYSE:GFL) by 0.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 664,600 shares of the company’s stock after buying an additional 2,700 shares during the period. Swiss National Bank owned approximately 0.17% of GFL Environmental worth $29,613,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Continuum Advisory LLC increased its holdings in GFL Environmental by 60.6% during the 3rd quarter. Continuum Advisory LLC now owns 673 shares of the company’s stock valued at $29,000 after purchasing an additional 254 shares during the period. Metis Global Partners LLC increased its holdings in GFL Environmental by 5.4% during the 4th quarter. Metis Global Partners LLC now owns 5,790 shares of the company’s stock valued at $258,000 after purchasing an additional 298 shares during the period. Blue Trust Inc. increased its holdings in GFL Environmental by 124.9% during the 4th quarter. Blue Trust Inc. now owns 551 shares of the company’s stock valued at $25,000 after purchasing an additional 306 shares during the period. US Bancorp DE increased its holdings in GFL Environmental by 12.5% during the 4th quarter. US Bancorp DE now owns 2,890 shares of the company’s stock valued at $129,000 after purchasing an additional 321 shares during the period. Finally, Berbice Capital Management LLC purchased a new position in GFL Environmental during the 4th quarter valued at about $27,000. Hedge funds and other institutional investors own 64.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GFL. National Bankshares restated an “outperform” rating on shares of GFL Environmental in a report on Tuesday, March 11th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $53.00 price objective on shares of GFL Environmental in a research report on Monday, February 24th. Citigroup assumed coverage on GFL Environmental in a research report on Monday, January 27th. They set a “buy” rating and a $53.00 price objective on the stock. Scotiabank lifted their price objective 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. Finally, Stifel Nicolaus raised GFL Environmental from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $49.78.

GFL Environmental Stock Performance

Shares of GFL opened at $46.22 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. The business’s 50 day moving average price is $44.80 and its 200-day moving average price is $43.53. GFL Environmental Inc. has a 52 week low of $30.57 and a 52 week high of $48.87. The stock has a market cap of $18.18 billion, a P/E ratio of -34.75 and a beta of 1.16.

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

GFL Environmental Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date was Monday, January 13th. GFL Environmental’s payout ratio is -3.23%.

About GFL Environmental

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.