Zurcher Kantonalbank Zurich Cantonalbank Acquires 574 Shares of GFL Environmental Inc. (NYSE:GFL)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of GFL Environmental Inc. (NYSE:GFL) by 1.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,309 shares of the company’s stock after acquiring an additional 574 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in GFL Environmental were worth $2,478,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in GFL. LPL Financial LLC grew its holdings in GFL Environmental by 23.3% during the 4th quarter. LPL Financial LLC now owns 128,253 shares of the company’s stock worth $5,712,000 after acquiring an additional 24,200 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in GFL Environmental by 18.6% during the 4th quarter. JPMorgan Chase & Co. now owns 968,669 shares of the company’s stock worth $43,145,000 after purchasing an additional 152,072 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in GFL Environmental by 1.1% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 31,503 shares of the company’s stock worth $1,403,000 after purchasing an additional 351 shares during the last quarter. National Bank of Canada FI raised its holdings in GFL Environmental by 21.8% during the 4th quarter. National Bank of Canada FI now owns 260,675 shares of the company’s stock worth $11,630,000 after purchasing an additional 46,668 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in GFL Environmental by 38.7% during the 4th quarter. Geode Capital Management LLC now owns 1,274,496 shares of the company’s stock worth $56,496,000 after purchasing an additional 355,790 shares during the last quarter. 64.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on GFL. UBS Group raised their price target on shares of GFL Environmental from $50.00 to $57.00 and gave the stock a “buy” rating in a report on Friday, April 4th. National Bank Financial upgraded shares of GFL Environmental to a “strong-buy” rating in a report on Monday, May 26th. Raymond James Financial restated an “outperform” rating and set a $57.00 price target (up previously from $56.00) on shares of GFL Environmental in a report on Friday, May 2nd. Scotiabank raised their price target on shares of GFL Environmental from $56.00 to $60.00 and gave the stock a “sector outperform” rating in a report on Friday. Finally, Citigroup increased their price target on GFL Environmental from $53.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday, May 22nd. One analyst has rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $57.57.

GFL Environmental Trading Down 1.0%

NYSE GFL opened at $49.83 on Friday. The company has a market cap of $18.27 billion, a price-to-earnings ratio of 7.85 and a beta of 1.00. GFL Environmental Inc. has a 52 week low of $37.58 and a 52 week high of $52.00. The business has a 50 day moving average price of $48.97 and a 200-day moving average price of $47.52. The company has a quick ratio of 0.82, a current ratio of 0.67 and a debt-to-equity ratio of 0.89.

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

GFL Environmental Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, July 14th were issued a dividend of $0.0154 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.1%. GFL Environmental’s dividend payout ratio is 0.94%.

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.