Wellington Management Group LLP Takes $93.34 Million Position in GFL Environmental Inc. (NYSE:GFL)

Wellington Management Group LLP acquired a new stake in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,095,697 shares of the company's stock, valued at approximately $93,343,000. Wellington Management Group LLP owned about 0.53% of GFL Environmental as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. increased its position in 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 buying an additional 306 shares in the last quarter. Berbice Capital Management LLC bought a new position in shares of GFL Environmental during the 4th quarter valued at approximately $27,000. Continuum Advisory LLC increased its holdings in GFL Environmental by 60.6% in the 3rd quarter. Continuum Advisory LLC now owns 673 shares of the company's stock worth $29,000 after acquiring an additional 254 shares in the last quarter. Natixis bought a new stake in GFL Environmental during the 4th quarter worth approximately $49,000. Finally, SRH Advisors LLC bought a new position in shares of GFL Environmental in the fourth quarter worth approximately $89,000. Institutional investors own 64.70% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on GFL. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $53.00 price objective on shares of GFL Environmental in a research note on Monday, February 24th. National Bankshares reaffirmed an "outperform" rating on shares of GFL Environmental in a research note on Tuesday, March 11th. UBS Group lifted their price objective on shares of GFL Environmental from $50.00 to $57.00 and gave the stock a "buy" rating in a research note on Friday, April 4th. Citigroup reduced their target price on shares of GFL Environmental from $56.00 to $53.00 and set a "buy" rating on the stock in a report on Tuesday. Finally, Truist Financial lifted their price target on GFL Environmental from $54.00 to $58.00 and gave the stock a "buy" rating in a research report on Wednesday, April 2nd. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $51.25.

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GFL Environmental Trading Up 7.4 %

Shares of NYSE:GFL traded up $3.23 during trading hours on Wednesday, hitting $46.56. 1,482,764 shares of the company's stock traded hands, compared to its average volume of 1,434,155. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.58 and a quick ratio of 0.58. The business has a fifty day moving average price of $46.16 and a 200-day moving average price of $44.28. GFL Environmental Inc. has a 1 year low of $30.57 and a 1 year high of $49.35. The firm has a market capitalization of $18.31 billion, a P/E ratio of -35.00 and a beta of 1.09.

GFL Environmental (NYSE:GFL - Get Free Report) last released its earnings results on Monday, February 24th. The company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.03. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.98 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. Equities analysts expect that GFL Environmental Inc. will post 0.58 earnings per share for the current year.

GFL Environmental Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 14th will be paid a dividend of $0.0154 per share. This is a boost from GFL Environmental's previous quarterly dividend of $0.01. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.13%. GFL Environmental's dividend payout ratio is -3.87%.

GFL Environmental 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.