US Bancorp DE Purchases 724 Shares of GFL Environmental Inc. (NYSE:GFL)

US Bancorp DE boosted its position in shares of GFL Environmental Inc. (NYSE:GFL) by 25.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,614 shares of the company’s stock after acquiring an additional 724 shares during the quarter. US Bancorp DE’s holdings in GFL Environmental were worth $175,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Capital Research Global Investors grew its position in shares of GFL Environmental by 11.4% in the 4th quarter. Capital Research Global Investors now owns 26,973,784 shares of the company’s stock valued at $1,201,406,000 after acquiring an additional 2,751,618 shares during the period. Robeco Schweiz AG bought a new position in shares of GFL Environmental in the 1st quarter valued at about $32,724,000. Raymond James Financial Inc. bought a new position in shares of GFL Environmental in the 4th quarter valued at about $18,836,000. TimesSquare Capital Management LLC grew its position in shares of GFL Environmental by 43.4% in the 1st quarter. TimesSquare Capital Management LLC now owns 1,014,099 shares of the company’s stock valued at $48,991,000 after acquiring an additional 306,809 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of GFL Environmental by 151.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 444,684 shares of the company’s stock valued at $19,806,000 after acquiring an additional 267,932 shares during the period. Institutional investors and hedge funds own 64.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on GFL. Raymond James Financial reissued an “outperform” rating and issued a $57.00 price objective (up previously from $56.00) on shares of GFL Environmental in a research report on Friday, May 2nd. National Bank Financial raised shares of GFL Environmental to a “strong-buy” rating in a research report on Monday, May 26th. JPMorgan Chase & Co. began coverage on shares of GFL Environmental in a research report on Friday, May 23rd. They set a “neutral” rating and a $54.00 price objective for the company. Citigroup lifted their price objective on shares of GFL Environmental from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, August 4th. Finally, Royal Bank Of Canada lifted their price objective on shares of GFL Environmental from $56.00 to $59.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $57.86.

GFL Environmental Trading Down 1.3%

Shares of GFL Environmental stock opened at $49.56 on Friday. The firm has a 50-day moving average of $49.14 and a 200-day moving average of $48.08. The stock has a market cap of $18.01 billion, a PE ratio of 7.80 and a beta of 1.00. GFL Environmental Inc. has a 52-week low of $38.78 and a 52-week high of $52.00. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.67 and a current ratio of 0.67.

GFL Environmental (NYSE:GFL) last announced its earnings results on Wednesday, July 30th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.68 billion. GFL Environmental had a net margin of 48.53% and a return on equity of 3.71%. GFL Environmental’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.29 earnings per share. As a group, sell-side analysts forecast that GFL Environmental Inc. will post 0.58 EPS for the current year.

GFL Environmental Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, July 14th were paid a $0.0154 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.1%. GFL Environmental’s dividend payout ratio (DPR) is presently 0.94%.

GFL Environmental Company 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.