Asahi Life Asset Management CO. LTD. Buys New Holdings in GFL Environmental Inc. (NYSE:GFL)

Asahi Life Asset Management CO. LTD. bought a new stake in GFL Environmental Inc. (NYSE:GFL) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 5,640 shares of the company’s stock, valued at approximately $251,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Metis Global Partners LLC boosted its holdings in GFL Environmental by 5.4% in the fourth quarter. Metis Global Partners LLC now owns 5,790 shares of the company’s stock valued at $258,000 after acquiring an additional 298 shares during the last quarter. Williamson Legacy Group LLC lifted its stake in shares of GFL Environmental by 7.6% during the fourth quarter. Williamson Legacy Group LLC now owns 19,026 shares of the company’s stock worth $847,000 after purchasing an additional 1,336 shares in the last quarter. US Bancorp DE lifted its stake in shares of GFL Environmental by 12.5% during the fourth quarter. US Bancorp DE now owns 2,890 shares of the company’s stock worth $129,000 after purchasing an additional 321 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in shares of GFL Environmental by 12.4% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 45,296 shares of the company’s stock worth $2,017,000 after purchasing an additional 4,992 shares in the last quarter. Finally, Whipplewood Advisors LLC acquired a new position in shares of GFL Environmental during the fourth quarter worth about $149,000. Institutional investors and hedge funds own 64.70% of the company’s stock.

GFL Environmental Stock Up 5.0 %

Shares of NYSE GFL opened at $45.19 on Monday. GFL Environmental Inc. has a 1 year low of $30.57 and a 1 year high of $48.87. The firm has a market cap of $17.78 billion, a price-to-earnings ratio of -33.98 and a beta of 1.17. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.58 and a current ratio of 0.58. The stock’s 50-day simple moving average is $44.38 and its 200-day simple moving average is $43.20.

GFL Environmental (NYSE:GFL) last announced its earnings results on Monday, February 24th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. The business had revenue of $1.42 billion for 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 analysts anticipate that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 13th were issued a $0.014 dividend. This represents a $0.06 annualized dividend and a yield of 0.12%. The ex-dividend date was Monday, January 13th. GFL Environmental’s dividend payout ratio is currently -3.23%.

Analyst Ratings Changes

A number of research analysts have commented on GFL shares. Royal Bank of Canada restated an “outperform” rating and set a $53.00 price objective on shares of GFL Environmental in a research note on Monday, February 24th. UBS Group boosted their price objective on GFL Environmental from $47.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Citigroup started coverage on GFL Environmental in a research note on Monday, January 27th. They set a “buy” rating and a $53.00 price objective on the stock. Scotiabank reduced their price objective on 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 boosted their price objective on GFL Environmental from $47.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $49.56.

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.