Raymond James Financial Inc. purchased a new position in GFL Environmental Inc. (NYSE:GFL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 422,903 shares of the company's stock, valued at approximately $18,836,000. Raymond James Financial Inc. owned about 0.11% of GFL Environmental as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also made changes to their positions in the company. Fred Alger Management LLC boosted its stake in GFL Environmental by 64.3% during the third quarter. Fred Alger Management LLC now owns 10,221,130 shares of the company's stock worth $407,619,000 after buying an additional 3,999,363 shares during the period. Soros Fund Management LLC grew its holdings in GFL Environmental by 487.0% during the 3rd quarter. Soros Fund Management LLC now owns 3,156,327 shares of the company's stock valued at $125,874,000 after purchasing an additional 2,618,589 shares during the last quarter. FMR LLC raised its position in GFL Environmental by 7.4% in the 3rd quarter. FMR LLC now owns 25,158,657 shares of the company's stock worth $1,003,591,000 after purchasing an additional 1,728,598 shares during the period. Brown Brothers Harriman & Co. lifted its stake in GFL Environmental by 162.0% in the third quarter. Brown Brothers Harriman & Co. now owns 1,271,161 shares of the company's stock worth $50,694,000 after purchasing an additional 786,044 shares during the last quarter. Finally, Maverick Capital Ltd. boosted its position in shares of GFL Environmental by 11.3% during the third quarter. Maverick Capital Ltd. now owns 3,658,190 shares of the company's stock valued at $145,889,000 after buying an additional 372,534 shares during the period. 64.70% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several analysts have recently weighed in on the company. Scotiabank lifted their target price on GFL Environmental from $50.00 to $52.00 and gave the stock a "sector outperform" rating in a research report on Wednesday, March 5th. Citigroup initiated coverage on GFL Environmental in a report on Monday, January 27th. They issued a "buy" rating and a $53.00 price target for the company. Stifel Nicolaus upgraded GFL Environmental from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. National Bankshares reiterated an "outperform" rating on shares of GFL Environmental in a research note on Tuesday, March 11th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $53.00 price target on shares of GFL Environmental in a research report on Monday, February 24th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $49.63.
View Our Latest Report on GFL
GFL Environmental Trading Down 0.4 %
Shares of GFL Environmental stock traded down $0.21 on Friday, reaching $47.87. The company had a trading volume of 708,418 shares, compared to its average volume of 1,325,708. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a market cap of $18.83 billion, a PE ratio of -35.99 and a beta of 1.16. The firm's 50 day moving average price is $44.99 and its two-hundred day moving average price is $43.62. GFL Environmental Inc. has a 52-week low of $30.57 and a 52-week high of $48.87.
GFL Environmental (NYSE:GFL - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.98 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. Sell-side analysts predict that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.
GFL Environmental Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 13th were given a $0.014 dividend. The ex-dividend date was Monday, January 13th. This represents a $0.06 annualized dividend and a yield of 0.12%. GFL Environmental's dividend payout ratio is presently -3.23%.
About GFL Environmental
(
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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