Quantinno Capital Management LP Buys 1,921 Shares of GFL Environmental Inc. (NYSE:GFL)

Quantinno Capital Management LP lifted its stake in GFL Environmental Inc. (NYSE:GFL) by 8.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,374 shares of the company’s stock after acquiring an additional 1,921 shares during the period. Quantinno Capital Management LP’s holdings in GFL Environmental were worth $1,086,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Erste Asset Management GmbH boosted its holdings in shares of GFL Environmental by 2.0% in the fourth quarter. Erste Asset Management GmbH now owns 13,371 shares of the company’s stock worth $597,000 after acquiring an additional 261 shares during the period. Metis Global Partners LLC boosted its holdings in shares of GFL Environmental by 5.4% in the fourth quarter. Metis Global Partners LLC now owns 5,790 shares of the company’s stock worth $258,000 after acquiring an additional 298 shares during the period. Blue Trust Inc. boosted its holdings in shares of GFL Environmental by 124.9% in the fourth quarter. Blue Trust Inc. now owns 551 shares of the company’s stock worth $25,000 after acquiring an additional 306 shares during the period. US Bancorp DE boosted its holdings in shares of GFL Environmental by 12.5% in the fourth quarter. US Bancorp DE now owns 2,890 shares of the company’s stock worth $129,000 after acquiring an additional 321 shares during the period. Finally, O Shaughnessy Asset Management LLC boosted its holdings in shares of GFL Environmental by 1.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 31,503 shares of the company’s stock worth $1,403,000 after acquiring an additional 351 shares during the period. 64.70% of the stock is owned by institutional investors.

GFL Environmental Trading Down 1.6%

Shares of GFL stock opened at $48.80 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.27. The business has a 50-day moving average price of $48.37 and a two-hundred day moving average price of $46.15. GFL Environmental Inc. has a 12-month low of $30.57 and a 12-month high of $52.00. The firm has a market cap of $19.20 billion, a P/E ratio of -36.69 and a beta of 1.08.

GFL Environmental (NYSE:GFL) last issued its quarterly earnings results on Wednesday, April 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.10). GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.52 billion. The firm’s quarterly revenue was down 13.4% compared to the same quarter last year. Equities analysts anticipate that GFL Environmental Inc. will post 0.58 EPS for the current fiscal year.

GFL Environmental Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, April 14th were paid a dividend of $0.0154 per share. This represents a $0.06 annualized dividend 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 1.23%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Citigroup raised their price target on GFL Environmental from $53.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday. UBS Group lifted their price objective on GFL Environmental from $50.00 to $57.00 and gave the company a “buy” rating in a research note on Friday, April 4th. Scotiabank reissued an “outperform” rating on shares of GFL Environmental in a research note on Monday, May 5th. National Bankshares reissued an “outperform” rating on shares of GFL Environmental in a research note on Tuesday, March 11th. Finally, Stifel Nicolaus raised GFL Environmental from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $54.57.

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.