Erste Asset Management GmbH Buys 261 Shares of GFL Environmental Inc. (NYSE:GFL)

Erste Asset Management GmbH raised its stake in shares of GFL Environmental Inc. (NYSE:GFL) by 2.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 13,371 shares of the company’s stock after purchasing an additional 261 shares during the period. Erste Asset Management GmbH’s holdings in GFL Environmental were worth $597,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of GFL. Blue Trust Inc. grew its holdings in GFL Environmental by 124.9% during the fourth 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 bought a new stake in GFL Environmental during the fourth quarter valued at about $27,000. Continuum Advisory LLC grew its holdings in GFL Environmental by 60.6% during the third quarter. Continuum Advisory LLC now owns 673 shares of the company’s stock valued at $29,000 after purchasing an additional 254 shares during the period. Avior Wealth Management LLC bought a new stake in GFL Environmental during the third quarter valued at about $82,000. Finally, SRH Advisors LLC purchased a new position in shares of GFL Environmental in the fourth quarter valued at about $89,000. Institutional investors own 64.70% of the company’s stock.

GFL Environmental Price Performance

NYSE:GFL opened at $46.24 on Friday. The business’s 50-day moving average is $44.75 and its 200 day moving average is $43.50. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.27. GFL Environmental Inc. has a 12 month low of $30.57 and a 12 month high of $48.87. The company has a market capitalization of $18.19 billion, a P/E ratio of -34.77 and a beta of 1.16.

GFL Environmental (NYSE:GFL) last issued its quarterly earnings data on Monday, February 24th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.98 billion. On average, equities research analysts forecast that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 13th were paid 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 Upgrades and Downgrades

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

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.