Zurcher Kantonalbank Zurich Cantonalbank Buys 1,554 Shares of GFL Environmental Inc. (NYSE:GFL)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in GFL Environmental Inc. (NYSE:GFL) by 3.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,207 shares of the company’s stock after buying an additional 1,554 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in GFL Environmental were worth $1,428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of GFL. Massachusetts Financial Services Co. MA boosted its stake in GFL Environmental by 55.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 12,543,970 shares of the company’s stock worth $398,396,000 after buying an additional 4,490,164 shares in the last quarter. Deutsche Bank AG boosted its stake in GFL Environmental by 1,143.9% in the third quarter. Deutsche Bank AG now owns 2,811,835 shares of the company’s stock worth $89,304,000 after buying an additional 2,585,786 shares in the last quarter. Nordea Investment Management AB boosted its stake in GFL Environmental by 16.6% in the fourth quarter. Nordea Investment Management AB now owns 7,384,983 shares of the company’s stock worth $256,259,000 after buying an additional 1,053,530 shares in the last quarter. Schonfeld Strategic Advisors LLC boosted its stake in GFL Environmental by 362.9% in the third quarter. Schonfeld Strategic Advisors LLC now owns 874,437 shares of the company’s stock worth $27,772,000 after buying an additional 685,537 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in GFL Environmental by 36.2% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,850,000 shares of the company’s stock worth $59,017,000 after buying an additional 492,000 shares in the last quarter. Hedge funds and other institutional investors own 64.70% of the company’s stock.

GFL Environmental Stock Performance

Shares of GFL stock opened at $32.29 on Friday. The stock has a fifty day moving average of $34.64 and a 200 day moving average of $32.69. GFL Environmental Inc. has a 52 week low of $26.87 and a 52 week high of $39.06. The firm has a market capitalization of $11.98 billion, a price-to-earnings ratio of -322.90 and a beta of 1.13. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.25.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.14). The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate 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 expect that GFL Environmental Inc. will post 0.8 earnings per share for the current year.

GFL Environmental Increases Dividend

The company 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 $0.014 dividend. This is an increase from GFL Environmental’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.06 dividend on an annualized basis and a yield of 0.17%. GFL Environmental’s dividend payout ratio is -50.00%.

Analysts Set New Price Targets

Several analysts have issued reports on GFL shares. Jefferies Financial Group upped their target price on GFL Environmental from $46.00 to $51.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. UBS Group began coverage on GFL Environmental in a research note on Wednesday, January 31st. They set a “buy” rating and a $44.00 price objective for the company. TheStreet raised GFL Environmental from a “d+” rating to a “c” rating in a research note on Tuesday, February 20th. Bank of America lowered GFL Environmental from a “buy” rating to a “neutral” rating and set a $35.00 price objective for the company. in a research note on Friday, January 19th. Finally, Royal Bank of Canada began coverage on GFL Environmental in a research note on Monday, April 8th. They set an “outperform” rating and a $46.00 price objective for the company. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.