Addenda Capital Inc. Purchases 60,060 Shares of GFL Environmental Inc. (NYSE:GFL)

Addenda Capital Inc. lifted its position in shares of GFL Environmental Inc. (NYSE:GFLFree Report) by 24.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 305,585 shares of the company’s stock after acquiring an additional 60,060 shares during the period. Addenda Capital Inc. owned approximately 0.08% of GFL Environmental worth $10,546,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale increased its position in shares of GFL Environmental by 2.0% during the third quarter. DekaBank Deutsche Girozentrale now owns 20,228 shares of the company’s stock valued at $647,000 after acquiring an additional 404 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of GFL Environmental by 70.1% during the second quarter. PNC Financial Services Group Inc. now owns 1,060 shares of the company’s stock valued at $41,000 after acquiring an additional 437 shares in the last quarter. UBS Group AG increased its position in shares of GFL Environmental by 9.7% during the second quarter. UBS Group AG now owns 5,846 shares of the company’s stock valued at $151,000 after acquiring an additional 519 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of GFL Environmental by 5.5% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 13,322 shares of the company’s stock valued at $460,000 after acquiring an additional 690 shares in the last quarter. Finally, First Hawaiian Bank increased its position in shares of GFL Environmental by 12.2% during the third quarter. First Hawaiian Bank now owns 6,939 shares of the company’s stock valued at $220,000 after acquiring an additional 752 shares in the last quarter. Institutional investors own 64.70% of the company’s stock.

GFL Environmental Stock Performance

GFL opened at $33.62 on Thursday. GFL Environmental Inc. has a fifty-two week low of $26.87 and a fifty-two week high of $39.06. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.82 and a current ratio of 0.82. The firm’s fifty day moving average is $35.03 and its 200 day moving average is $32.56.

GFL Environmental (NYSE:GFLGet Free Report) last posted its earnings results on Tuesday, February 20th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.14). GFL Environmental had a return on equity of 4.96% and a net margin of 0.64%. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.37 billion. Research analysts forecast that GFL Environmental Inc. will post 0.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GFL. Jefferies Financial Group raised their price target on shares of GFL Environmental from $46.00 to $51.00 and gave the company a “buy” rating in a research report on Monday, March 18th. UBS Group initiated coverage on shares of GFL Environmental in a research report on Wednesday, January 31st. They issued a “buy” rating and a $44.00 target price for the company. Wells Fargo & Company lifted their target price on shares of GFL Environmental from $30.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. Bank of America downgraded shares of GFL Environmental from a “buy” rating to a “neutral” rating and set a $35.00 target price for the company. in a research report on Friday, January 19th. Finally, BMO Capital Markets lifted their target price on shares of GFL Environmental from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, GFL Environmental presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.58.

Get Our Latest Analysis on GFL

GFL Environmental Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for GFL Environmental (NYSE:GFL)

Receive News & Ratings for GFL Environmental Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GFL Environmental and related companies with MarketBeat.com's FREE daily email newsletter.