Duff & Phelps Investment Management Co. Buys 30,902 Shares of GFL Environmental Inc. (NYSE:GFL)

Duff & Phelps Investment Management Co. increased its stake in GFL Environmental Inc. (NYSE:GFL) by 9.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 341,820 shares of the company’s stock after purchasing an additional 30,902 shares during the period. Duff & Phelps Investment Management Co. owned 0.09% of GFL Environmental worth $15,225,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Fred Alger Management LLC lifted its position in GFL Environmental by 64.3% during the 3rd quarter. Fred Alger Management LLC now owns 10,221,130 shares of the company’s stock valued at $407,619,000 after purchasing an additional 3,999,363 shares during the period. Norges Bank acquired a new stake in GFL Environmental during the 4th quarter worth $126,420,000. Soros Fund Management LLC lifted its stake in shares of GFL Environmental by 487.0% in the 3rd quarter. Soros Fund Management LLC now owns 3,156,327 shares of the company’s stock valued at $125,874,000 after purchasing an additional 2,618,589 shares during the period. FMR LLC increased its holdings in GFL Environmental by 7.4% in the third quarter. FMR LLC now owns 25,158,657 shares of the company’s stock valued at $1,003,591,000 after purchasing an additional 1,728,598 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in GFL Environmental by 40.4% in the fourth quarter. American Century Companies Inc. now owns 2,412,639 shares of the company’s stock valued at $107,459,000 after buying an additional 693,884 shares during the period. Institutional investors and hedge funds own 64.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Scotiabank lifted 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 note on Wednesday, March 5th. Citigroup began coverage on GFL Environmental in a research note on Monday, January 27th. They issued a “buy” rating and a $53.00 target price for the company. National Bankshares restated an “outperform” rating on shares of GFL Environmental in a report on Tuesday, March 11th. Stifel Nicolaus upgraded shares of GFL Environmental from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $53.00 target price on shares of GFL Environmental in a research note on Monday, February 24th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, GFL Environmental has an average rating of “Moderate Buy” and a consensus target price of $49.63.

GFL Environmental Stock Performance

GFL opened at $48.80 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.27. The stock has a market cap of $19.20 billion, a price-to-earnings ratio of -36.69 and a beta of 1.16. GFL Environmental Inc. has a 12-month low of $30.57 and a 12-month high of $49.35. The business has a 50 day moving average of $45.48 and a 200-day moving average of $43.86.

GFL Environmental (NYSE:GFL) last issued its quarterly earnings data on Monday, February 24th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.03. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.98 billion. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. On average, equities research analysts expect that GFL Environmental Inc. will post 0.58 earnings per share for the current year.

GFL Environmental Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 13th were given a dividend of $0.014 per share. The ex-dividend date of this dividend was Monday, January 13th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.11%. GFL Environmental’s payout ratio is -3.23%.

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.