Erste Asset Management GmbH acquired a new position in GFL Environmental Inc. (NYSE:GFL - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,110 shares of the company's stock, valued at approximately $515,000.
Several other hedge funds have also bought and sold shares of GFL. Seven Grand Managers LLC purchased a new position in shares of GFL Environmental during the 3rd quarter worth $1,994,000. Harbor Capital Advisors Inc. boosted its holdings in GFL Environmental by 115.3% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 49,566 shares of the company's stock valued at $1,977,000 after acquiring an additional 26,542 shares during the period. FMR LLC boosted its holdings in GFL Environmental by 7.4% during the 3rd quarter. FMR LLC now owns 25,158,657 shares of the company's stock valued at $1,003,591,000 after acquiring an additional 1,728,598 shares during the period. Copeland Capital Management LLC boosted its holdings in GFL Environmental by 2.2% during the 3rd quarter. Copeland Capital Management LLC now owns 921,377 shares of the company's stock valued at $36,745,000 after acquiring an additional 19,675 shares during the period. Finally, Forsta AP Fonden purchased a new position in GFL Environmental during the 3rd quarter valued at about $1,761,000. Hedge funds and other institutional investors own 64.70% of the company's stock.
GFL Environmental Price Performance
GFL Environmental stock traded down $0.49 during trading hours on Thursday, reaching $46.36. 627,000 shares of the stock were exchanged, compared to its average volume of 1,203,891. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.27. GFL Environmental Inc. has a 52-week low of $28.21 and a 52-week high of $47.43. The firm's 50 day moving average is $42.75 and its 200 day moving average is $40.06.
GFL Environmental (NYSE:GFL - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.01. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. On average, equities analysts forecast that GFL Environmental Inc. will post 0.59 earnings per share for the current fiscal year.
GFL Environmental Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th were given a dividend of $0.014 per share. The ex-dividend date of this dividend was Wednesday, October 16th. This represents a $0.06 dividend on an annualized basis and a yield of 0.12%. GFL Environmental's payout ratio is currently -4.51%.
Analyst Upgrades and Downgrades
GFL has been the subject of a number of research analyst reports. Raymond James raised their target price on GFL Environmental from $47.00 to $50.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Scotiabank lifted their price objective on GFL Environmental from $50.00 to $51.00 and gave the company a "sector outperform" rating in a research note on Friday, November 8th. UBS Group raised their target price on GFL Environmental from $47.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Finally, Truist Financial raised their target price on GFL Environmental from $46.00 to $54.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, GFL Environmental presently has an average rating of "Moderate Buy" and an average target price of $45.80.
Check Out Our Latest Analysis on GFL Environmental
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.
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