APG Asset Management N.V. Invests $7.44 Million in GFL Environmental Inc. (NYSE:GFL)

APG Asset Management N.V. acquired a new stake in GFL Environmental Inc. (NYSE:GFL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 173,000 shares of the company’s stock, valued at approximately $7,441,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. lifted its holdings in GFL Environmental by 124.9% during the 4th quarter. Blue Trust Inc. now owns 551 shares of the company’s stock worth $25,000 after buying an additional 306 shares during the last quarter. Berbice Capital Management LLC acquired a new stake in shares of GFL Environmental in the fourth quarter valued at approximately $27,000. Continuum Advisory LLC boosted its position in GFL Environmental by 60.6% during the 3rd quarter. Continuum Advisory LLC now owns 673 shares of the company’s stock worth $29,000 after acquiring an additional 254 shares during the period. SRH Advisors LLC acquired a new stake in shares of GFL Environmental in the 4th quarter worth approximately $89,000. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of GFL Environmental by 350.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,400 shares of the company’s stock valued at $107,000 after buying an additional 1,867 shares during the period. 64.70% of the stock is currently owned by hedge funds and other institutional investors.

GFL Environmental Price Performance

NYSE:GFL opened at $48.29 on Friday. The company has a market capitalization of $18.99 billion, a price-to-earnings ratio of -36.30 and a beta of 1.09. The company has a 50-day moving average of $46.49 and a 200-day moving average of $44.47. GFL Environmental Inc. has a 52 week low of $30.57 and a 52 week high of $49.35. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.58 and a current ratio of 0.58.

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, topping the consensus estimate of $0.13 by $0.03. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.98 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. As a group, equities research analysts anticipate that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 14th will be paid a $0.0154 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.13%. This is a positive change from GFL Environmental’s previous quarterly dividend of $0.01. GFL Environmental’s payout ratio is currently -3.87%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on GFL shares. Citigroup decreased their target price on GFL Environmental from $56.00 to $53.00 and set a “buy” rating on the stock in a report on Tuesday. Truist Financial lifted their price target on GFL Environmental from $54.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, April 2nd. Scotiabank increased their target price on shares of GFL Environmental from $52.00 to $54.00 and gave the stock an “outperform” rating in a research report on Tuesday. UBS Group lifted their price target on shares of GFL Environmental from $50.00 to $57.00 and gave the company a “buy” rating in a research report on Friday, April 4th. Finally, National Bankshares restated an “outperform” rating on shares of GFL Environmental in a research note on Tuesday, March 11th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $51.25.

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.