GFL Environmental Inc. (NYSE:GFL) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its stake in GFL Environmental Inc. (NYSE:GFL) by 21.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 126,693 shares of the company’s stock after acquiring an additional 22,481 shares during the period. Envestnet Asset Management Inc.’s holdings in GFL Environmental were worth $4,932,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of GFL Environmental by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 7,231,470 shares of the company’s stock worth $249,558,000 after acquiring an additional 77,156 shares during the period. Harbert Fund Advisors Inc. acquired a new stake in GFL Environmental during the fourth quarter valued at approximately $1,329,000. 1832 Asset Management L.P. lifted its stake in GFL Environmental by 27.6% during the fourth quarter. 1832 Asset Management L.P. now owns 804,540 shares of the company’s stock valued at $27,765,000 after purchasing an additional 173,800 shares during the last quarter. Toronto Dominion Bank lifted its stake in GFL Environmental by 33.8% during the first quarter. Toronto Dominion Bank now owns 74,152 shares of the company’s stock valued at $2,558,000 after purchasing an additional 18,742 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in GFL Environmental by 143.9% during the first quarter. Janney Montgomery Scott LLC now owns 17,628 shares of the company’s stock valued at $608,000 after purchasing an additional 10,400 shares during the last quarter. 64.70% of the stock is owned by institutional investors and hedge funds.

GFL Environmental Stock Up 1.4 %

GFL Environmental stock opened at $39.88 on Tuesday. The firm has a market cap of $15.01 billion, a PE ratio of 81.41 and a beta of 1.16. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.89 and a current ratio of 0.89. The firm’s 50 day moving average price is $40.38 and its two-hundred day moving average price is $36.97. GFL Environmental Inc. has a twelve month low of $26.87 and a twelve month high of $43.79.

GFL Environmental (NYSE:GFL) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $1.51 billion. GFL Environmental had a negative net margin of 8.78% and a positive return on equity of 3.32%. On average, research analysts predict that GFL Environmental Inc. will post 0.62 EPS for the current fiscal year.

GFL Environmental Announces Dividend

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

Analysts Set New Price Targets

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

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.