Amundi Acquires 10,428 Shares of GFL Environmental Inc. (NYSE:GFL)

Amundi grew its holdings in GFL Environmental Inc. (NYSE:GFL) by 9.2% in the 4th quarter, Holdings Channel reports. The fund owned 124,027 shares of the company’s stock after purchasing an additional 10,428 shares during the quarter. Amundi’s holdings in GFL Environmental were worth $5,550,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Blue Trust Inc. grew its position in shares of GFL Environmental by 124.9% in the 4th quarter. Blue Trust Inc. now owns 551 shares of the company’s stock valued at $25,000 after purchasing an additional 306 shares during the period. Berbice Capital Management LLC acquired a new position in shares of GFL Environmental in the fourth quarter valued at approximately $27,000. Continuum Advisory LLC increased its position in shares of GFL Environmental by 60.6% during the third quarter. Continuum Advisory LLC now owns 673 shares of the company’s stock worth $29,000 after acquiring an additional 254 shares in the last quarter. Avior Wealth Management LLC acquired a new stake in shares of GFL Environmental during the third quarter worth $82,000. Finally, SRH Advisors LLC bought a new stake in GFL Environmental in the 4th quarter valued at $89,000. Institutional investors and hedge funds own 64.70% of the company’s stock.

GFL Environmental Stock Up 0.5 %

Shares of GFL stock opened at $46.24 on Friday. GFL Environmental Inc. has a 52-week low of $30.57 and a 52-week high of $48.87. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a market cap of $18.19 billion, a price-to-earnings ratio of -34.77 and a beta of 1.16. The firm’s 50-day moving average is $44.75 and its 200-day moving average is $43.50.

GFL Environmental (NYSE:GFL) last released its quarterly earnings data on Monday, February 24th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Sell-side analysts predict that GFL Environmental Inc. will post 0.58 EPS for the current year.

GFL Environmental Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 13th were issued a dividend of $0.014 per share. The ex-dividend date was Monday, January 13th. This represents a $0.06 annualized dividend and a yield of 0.12%. GFL Environmental’s payout ratio is currently -3.23%.

Analyst Ratings Changes

GFL has been the topic of several recent research reports. Citigroup started coverage on GFL Environmental in a research note on Monday, January 27th. They issued a “buy” rating and a $53.00 price target on the stock. Stifel Nicolaus upgraded GFL Environmental from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $53.00 price target on shares of GFL Environmental in a research note on Monday, February 24th. Scotiabank boosted their price objective on shares of GFL Environmental from $50.00 to $52.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, March 5th. Finally, National Bankshares reaffirmed an “outperform” rating on shares of GFL Environmental in a research report on Tuesday. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $49.78.

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.