GFL Environmental Inc. (NYSE:GFL) Shares Bought by Barton Investment Management

Barton Investment Management increased its stake in shares of GFL Environmental Inc. (NYSE:GFL) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 414,598 shares of the company’s stock after buying an additional 2,864 shares during the quarter. GFL Environmental comprises about 2.0% of Barton Investment Management’s holdings, making the stock its 10th largest position. Barton Investment Management’s holdings in GFL Environmental were worth $18,466,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of GFL. Jennison Associates LLC boosted its position in GFL Environmental by 7.0% during the fourth quarter. Jennison Associates LLC now owns 1,544,690 shares of the company’s stock worth $68,800,000 after purchasing an additional 101,695 shares in the last quarter. Capital Insight Partners LLC boosted its position in shares of GFL Environmental by 7.5% in the 4th quarter. Capital Insight Partners LLC now owns 39,752 shares of the company’s stock worth $1,771,000 after buying an additional 2,790 shares in the last quarter. Symphony Financial Ltd. Co. acquired a new stake in GFL Environmental in the 4th quarter valued at about $213,000. Blue Trust Inc. increased its holdings in GFL Environmental by 124.9% during the 4th quarter. Blue Trust Inc. now owns 551 shares of the company’s stock valued at $25,000 after acquiring an additional 306 shares in the last quarter. Finally, Grimes & Company Inc. acquired a new position in GFL Environmental during the fourth quarter worth about $223,000. Hedge funds and other institutional investors own 64.70% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on GFL shares. Truist Financial boosted their price target on GFL Environmental from $46.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, November 8th. UBS Group upped their target price on shares of GFL Environmental from $47.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Citigroup assumed coverage on shares of GFL Environmental in a report on Monday, January 27th. They set a “buy” rating and a $53.00 price target for the company. Scotiabank reduced their price objective on shares of GFL Environmental from $51.00 to $50.00 and set a “sector outperform” rating on the stock in a research note on Monday, January 27th. Finally, Raymond James raised their target price on shares of GFL Environmental from $47.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, GFL Environmental has a consensus rating of “Moderate Buy” and an average price target of $47.50.

GFL Environmental Stock Up 2.9 %

GFL Environmental stock opened at $45.45 on Thursday. The firm’s fifty day simple moving average is $44.43 and its 200-day simple moving average is $42.39. GFL Environmental Inc. has a 1-year low of $30.57 and a 1-year high of $48.87. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $17.88 billion, a P/E ratio of -34.18 and a beta of 1.17.

GFL Environmental (NYSE:GFL) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. Sell-side analysts forecast that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 13th were issued a dividend of $0.014 per share. The ex-dividend date was Monday, January 13th. This represents a $0.06 dividend on an annualized basis and a yield of 0.12%. GFL Environmental’s dividend payout ratio is -4.51%.

GFL Environmental Company 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.