GFL Environmental Inc. $GFL Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in GFL Environmental Inc. (NYSE:GFL) by 43.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 110,886 shares of the company’s stock after buying an additional 33,327 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in GFL Environmental were worth $4,770,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. EverSource Wealth Advisors LLC raised its holdings in GFL Environmental by 43.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 727 shares of the company’s stock worth $37,000 after purchasing an additional 219 shares during the period. Advisory Services Network LLC raised its holdings in GFL Environmental by 4.1% in the 3rd quarter. Advisory Services Network LLC now owns 6,537 shares of the company’s stock worth $310,000 after purchasing an additional 256 shares during the period. Jones Financial Companies Lllp raised its holdings in GFL Environmental by 21.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,606 shares of the company’s stock worth $75,000 after purchasing an additional 289 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in GFL Environmental by 45.2% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 976 shares of the company’s stock worth $46,000 after purchasing an additional 304 shares during the period. Finally, Engineers Gate Manager LP raised its holdings in GFL Environmental by 6.8% in the 2nd quarter. Engineers Gate Manager LP now owns 5,187 shares of the company’s stock worth $262,000 after purchasing an additional 331 shares during the period. Institutional investors and hedge funds own 64.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Wolfe Research assumed coverage on GFL Environmental in a research note on Friday, March 13th. They set an “outperform” rating for the company. Scotiabank cut their price objective on GFL Environmental from $57.00 to $56.00 and set a “sector outperform” rating for the company in a research note on Thursday, February 12th. Barclays boosted their price objective on GFL Environmental from $62.00 to $63.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. JPMorgan Chase & Co. lowered GFL Environmental from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $49.00 to $42.00 in a research note on Tuesday, April 14th. Finally, Zacks Research upgraded GFL Environmental from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $55.44.

GFL Environmental Price Performance

NYSE:GFL opened at $40.47 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.05. The stock has a 50 day moving average of $42.25 and a two-hundred day moving average of $43.39. The firm has a market cap of $14.48 billion, a P/E ratio of 5.95, a price-to-earnings-growth ratio of 3.56 and a beta of 0.84. GFL Environmental Inc. has a 12 month low of $36.96 and a 12 month high of $52.00.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings results on Wednesday, February 11th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.12. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.67 billion. GFL Environmental had a return on equity of 3.66% and a net margin of 56.61%.The business’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.58) earnings per share. On average, analysts expect that GFL Environmental Inc. will post 0.55 earnings per share for the current fiscal year.

GFL Environmental Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Monday, April 13th will be paid a $0.0169 dividend. This is a boost from GFL Environmental’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend is Monday, April 13th. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.2%. GFL Environmental’s dividend payout ratio is 1.03%.

About GFL Environmental

GFL Environmental Inc is a leading North American provider of diversified environmental services, offering comprehensive solutions across solid waste management, liquid waste management, soil remediation and infrastructure services. The company’s core business activities include residential, commercial and industrial waste collection, recycling, composting and landfill management. In addition to traditional waste services, GFL provides specialized liquid waste hauling, treatment and disposal services as well as environmental consulting to support industrial and municipal clients in meeting regulatory and sustainability goals.

Founded in 2007 by entrepreneur Patrick Dovigi, GFL Environmental has pursued an aggressive growth strategy driven by strategic acquisitions and organic expansion.