Neuberger Berman Group LLC Grows Stock Holdings in GFL Environmental Inc. (NYSE:GFL)

Neuberger Berman Group LLC grew its holdings in GFL Environmental Inc. (NYSE:GFLGet Rating) by 23.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,811,877 shares of the company’s stock after purchasing an additional 343,116 shares during the quarter. Neuberger Berman Group LLC’s holdings in GFL Environmental were worth $58,958,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Advisor Group Holdings Inc. raised its position in shares of GFL Environmental by 125.0% during the 4th quarter. Advisor Group Holdings Inc. now owns 7,554 shares of the company’s stock valued at $287,000 after buying an additional 4,196 shares during the period. Dimensional Fund Advisors LP raised its position in shares of GFL Environmental by 15.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 37,562 shares of the company’s stock valued at $1,422,000 after buying an additional 4,985 shares during the period. JPMorgan Chase & Co. raised its position in shares of GFL Environmental by 2.9% during the 4th quarter. JPMorgan Chase & Co. now owns 426,154 shares of the company’s stock valued at $16,130,000 after buying an additional 11,914 shares during the period. Renaissance Technologies LLC raised its position in shares of GFL Environmental by 13.8% during the 4th quarter. Renaissance Technologies LLC now owns 160,447 shares of the company’s stock valued at $6,073,000 after buying an additional 19,400 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of GFL Environmental by 31.5% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 339,203 shares of the company’s stock valued at $12,836,000 after buying an additional 81,280 shares during the period. 62.35% of the stock is owned by hedge funds and other institutional investors.

GFL Environmental Stock Performance

NYSE:GFL opened at $28.02 on Monday. The company has a fifty day simple moving average of $28.07 and a two-hundred day simple moving average of $28.98. The company has a market cap of $9.48 billion, a price-to-earnings ratio of -43.11 and a beta of 1.28. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.47. GFL Environmental Inc. has a 52 week low of $24.00 and a 52 week high of $43.71.

GFL Environmental Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Monday, July 18th were paid a dividend of $0.012 per share. The ex-dividend date of this dividend was Friday, July 15th. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.17%. GFL Environmental’s payout ratio is currently -7.69%.

Wall Street Analyst Weigh In

Separately, TD Securities boosted their target price on GFL Environmental from C$53.00 to C$55.00 in a research report on Tuesday, August 2nd. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, GFL Environmental presently has an average rating of “Buy” and an average price target of $48.00.

GFL Environmental Profile

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GFL Environmental Inc operates as a diversified environmental services company in Canada and the United States. The company offers non-hazardous solid waste management, infrastructure and soil remediation, and liquid waste management services. Its solid waste management business line includes the collection, transportation, transfer, recycling, and disposal of non-hazardous solid waste for municipal, residential, and commercial and industrial customers.

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

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