DekaBank Deutsche Girozentrale Purchases 575 Shares of GFL Environmental Inc. (NYSE:GFL)

DekaBank Deutsche Girozentrale raised its stake in shares of GFL Environmental Inc. (NYSE:GFL) by 2.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 20,803 shares of the company’s stock after purchasing an additional 575 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in GFL Environmental were worth $712,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Massachusetts Financial Services Co. MA lifted its stake in GFL Environmental by 55.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 12,543,970 shares of the company’s stock valued at $398,396,000 after acquiring an additional 4,490,164 shares during the period. Morgan Stanley lifted its stake in GFL Environmental by 13.5% during the 4th quarter. Morgan Stanley now owns 8,627,294 shares of the company’s stock valued at $252,176,000 after acquiring an additional 1,023,095 shares during the period. Nordea Investment Management AB lifted its stake in GFL Environmental by 16.6% during the 4th quarter. Nordea Investment Management AB now owns 7,384,983 shares of the company’s stock valued at $256,259,000 after acquiring an additional 1,053,530 shares during the period. Vanguard Group Inc. lifted its stake in GFL Environmental by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 7,154,314 shares of the company’s stock valued at $227,221,000 after acquiring an additional 140,719 shares during the period. Finally, Fred Alger Management LLC lifted its stake in GFL Environmental by 6.2% during the 3rd quarter. Fred Alger Management LLC now owns 6,050,953 shares of the company’s stock valued at $192,178,000 after acquiring an additional 355,191 shares during the period. Institutional investors own 64.70% of the company’s stock.

GFL Environmental Trading Up 0.6 %

GFL Environmental stock opened at $33.61 on Tuesday. The firm has a 50 day moving average of $35.02 and a 200 day moving average of $32.63. The firm has a market capitalization of $12.47 billion, a price-to-earnings ratio of -336.10 and a beta of 1.13. GFL Environmental Inc. has a 12-month low of $26.87 and a 12-month high of $39.06. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.25.

GFL Environmental (NYSE:GFL) last released its earnings results on Tuesday, February 20th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.14). The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.37 billion. GFL Environmental had a return on equity of 4.96% and a net margin of 0.64%. As a group, research analysts predict that GFL Environmental Inc. will post 0.82 earnings per share for the current year.

GFL Environmental Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be issued a dividend of $0.014 per share. 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 0.17%. The ex-dividend date of this dividend is Friday, April 12th. GFL Environmental’s dividend payout ratio (DPR) is -50.00%.

Analyst Ratings Changes

GFL has been the topic of several research analyst reports. Bank of America cut shares of GFL Environmental from a “buy” rating to a “neutral” rating and set a $35.00 target price on the stock. in a research note on Friday, January 19th. Wells Fargo & Company upped their target price on shares of GFL Environmental from $30.00 to $34.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 6th. BMO Capital Markets upped their price target on shares of GFL Environmental from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Royal Bank of Canada began coverage on shares of GFL Environmental in a research report on Monday, April 8th. They set an “outperform” rating and a $46.00 price target for the company. Finally, Jefferies Financial Group upped their price target on shares of GFL Environmental from $46.00 to $51.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $42.83.

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.