GFL Environmental Inc. (NYSE:GFL) Holdings Lifted by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. raised its holdings in shares of GFL Environmental Inc. (NYSE:GFL) by 5.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 271,360 shares of the company’s stock after acquiring an additional 14,579 shares during the quarter. Duff & Phelps Investment Management Co. owned approximately 0.07% of GFL Environmental worth $10,564,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its position in GFL Environmental by 54.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 552,531 shares of the company’s stock valued at $19,068,000 after purchasing an additional 194,899 shares in the last quarter. Advisory Services Network LLC grew its holdings in shares of GFL Environmental by 27.9% during the 4th quarter. Advisory Services Network LLC now owns 7,859 shares of the company’s stock valued at $271,000 after acquiring an additional 1,713 shares in the last quarter. Scotia Capital Inc. increased its stake in shares of GFL Environmental by 1.9% in the fourth quarter. Scotia Capital Inc. now owns 90,483 shares of the company’s stock worth $3,115,000 after acquiring an additional 1,645 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of GFL Environmental by 11.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 842,970 shares of the company’s stock worth $29,126,000 after acquiring an additional 88,314 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its position in GFL Environmental by 13.2% during the fourth quarter. CIBC Asset Management Inc now owns 2,520,450 shares of the company’s stock valued at $87,225,000 after purchasing an additional 294,432 shares during the last quarter. Institutional investors and hedge funds own 64.70% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on GFL shares. Royal Bank of Canada upped their target price on GFL Environmental from $46.00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Raymond James increased their price objective on GFL Environmental from $43.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, July 22nd. Finally, BMO Capital Markets cut shares of GFL Environmental from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $43.00 to $42.00 in a research note on Tuesday, July 9th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, GFL Environmental presently has a consensus rating of “Moderate Buy” and an average price target of $42.64.

GFL Environmental Stock Down 0.4 %

GFL stock opened at $39.32 on Friday. The stock has a market capitalization of $14.80 billion, a price-to-earnings ratio of 81.41 and a beta of 1.16. The company has a 50-day moving average of $40.38 and a two-hundred day moving average of $36.91. GFL Environmental Inc. has a 52-week low of $26.87 and a 52-week high of $43.79. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.89 and a quick ratio of 0.89.

GFL Environmental (NYSE:GFL) last announced its earnings results on Wednesday, July 31st. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.51 billion. GFL Environmental had a positive return on equity of 3.32% and a negative net margin of 8.78%. As a group, equities research analysts anticipate that GFL Environmental Inc. will post 0.62 EPS for the current year.

GFL Environmental Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th were given a $0.014 dividend. The ex-dividend date was Monday, July 15th. This represents a $0.06 annualized dividend and a yield of 0.14%.

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.