Key Financial Inc Increases Holdings in GFL Environmental Inc. (NYSE:GFL)

Key Financial Inc increased its stake in GFL Environmental Inc. (NYSE:GFL) by 393.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,594 shares of the company’s stock after purchasing an additional 2,865 shares during the quarter. Key Financial Inc’s holdings in GFL Environmental were worth $124,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new position in GFL Environmental during the fourth quarter worth about $172,545,000. Massachusetts Financial Services Co. MA grew its position in GFL Environmental by 55.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 12,543,970 shares of the company’s stock worth $398,396,000 after buying an additional 4,490,164 shares in the last quarter. Deutsche Bank AG grew its position in GFL Environmental by 1,143.9% during the third quarter. Deutsche Bank AG now owns 2,811,835 shares of the company’s stock worth $89,304,000 after buying an additional 2,585,786 shares in the last quarter. BlackRock Inc. grew its position in GFL Environmental by 67.9% during the first quarter. BlackRock Inc. now owns 4,132,297 shares of the company’s stock worth $134,465,000 after buying an additional 1,670,653 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in GFL Environmental during the second quarter worth about $57,518,000. 64.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. TheStreet upgraded GFL Environmental from a “d+” rating to a “c” rating in a report on Tuesday, February 20th. Jefferies Financial Group upped their price objective on GFL Environmental from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Wells Fargo & Company upped their price objective on GFL Environmental from $30.00 to $34.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. Bank of America cut GFL Environmental from a “buy” rating to a “neutral” rating and set a $35.00 price objective for the company. in a report on Friday, January 19th. Finally, BMO Capital Markets upped their price objective on GFL Environmental from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $42.83.

GFL Environmental Stock Down 1.4 %

Shares of GFL stock opened at $33.20 on Thursday. GFL Environmental Inc. has a 1-year low of $26.87 and a 1-year high of $39.06. The business has a 50-day moving average of $34.94 and a 200 day moving average of $32.65. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.82 and a current ratio of 0.82.

GFL Environmental (NYSE:GFL) last released its quarterly earnings results on Tuesday, February 20th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.14). The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.37 billion. GFL Environmental had a net margin of 0.64% and a return on equity of 4.96%. On average, equities analysts anticipate that GFL Environmental Inc. will post 0.82 earnings per share for the current fiscal year.

GFL Environmental Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be given a dividend of $0.014 per share. This is a positive change from GFL Environmental’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.06 dividend on an annualized basis and a yield of 0.17%. GFL Environmental’s dividend payout ratio is presently -60.00%.

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.