Key Financial Inc Buys 2,865 Shares of GFL Environmental Inc. (NYSE:GFL)

Key Financial Inc grew its stake in shares of GFL Environmental Inc. (NYSE:GFL) by 393.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,594 shares of the company’s stock after acquiring an additional 2,865 shares during the period. Key Financial Inc’s holdings in GFL Environmental were worth $124,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. DekaBank Deutsche Girozentrale raised its stake in GFL Environmental by 2.0% in the third quarter. DekaBank Deutsche Girozentrale now owns 20,228 shares of the company’s stock worth $647,000 after buying an additional 404 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in GFL Environmental by 70.1% in the second quarter. PNC Financial Services Group Inc. now owns 1,060 shares of the company’s stock worth $41,000 after buying 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 worth $151,000 after purchasing 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 worth $460,000 after purchasing 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 worth $220,000 after purchasing an additional 752 shares in the last quarter. Institutional investors own 64.70% of the company’s stock.

GFL Environmental Price Performance

NYSE:GFL opened at $33.20 on Thursday. GFL Environmental Inc. has a one year low of $26.87 and a one year high of $39.06. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.25. The firm’s fifty day moving average is $34.94 and its two-hundred day moving average is $32.65.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings results on Tuesday, February 20th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.14). GFL Environmental had a net margin of 0.64% and a return on equity of 4.96%. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.37 billion. As a group, equities analysts forecast that GFL Environmental Inc. will post 0.82 EPS for the current fiscal year.

GFL Environmental Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be issued a $0.014 dividend. This represents a $0.06 annualized dividend and a yield of 0.17%. This is a positive change from GFL Environmental’s previous quarterly dividend of $0.01. The ex-dividend date is Friday, April 12th. GFL Environmental’s dividend payout ratio is presently -60.00%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada assumed coverage on GFL Environmental in a research report on Monday, April 8th. They set an “outperform” rating and a $46.00 price target on the stock. Jefferies Financial Group upped their price target on GFL Environmental from $46.00 to $51.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. UBS Group assumed coverage on GFL Environmental in a research report on Wednesday, January 31st. They set a “buy” rating and a $44.00 price target on the stock. BMO Capital Markets upped their price target on GFL Environmental from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. Finally, Wells Fargo & Company upped their price target on GFL Environmental from $30.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $42.83.

About GFL Environmental

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.