Asahi Life Asset Management CO. LTD. purchased a new stake in GFL Environmental Inc. (NYSE:GFL - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,640 shares of the company's stock, valued at approximately $251,000.
Several other large investors have also recently modified their holdings of GFL. Fred Alger Management LLC lifted its position in GFL Environmental by 64.3% in the 3rd quarter. Fred Alger Management LLC now owns 10,221,130 shares of the company's stock valued at $407,619,000 after acquiring an additional 3,999,363 shares in the last quarter. Soros Fund Management LLC grew its holdings in GFL Environmental by 487.0% in the third quarter. Soros Fund Management LLC now owns 3,156,327 shares of the company's stock worth $125,874,000 after purchasing an additional 2,618,589 shares during the period. FMR LLC grew its holdings in GFL Environmental by 7.4% in the third 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. grew its holdings in shares of GFL Environmental by 162.0% during the third quarter. Brown Brothers Harriman & Co. now owns 1,271,161 shares of the company's stock valued at $50,694,000 after buying an additional 786,044 shares during the last quarter. Finally, Maverick Capital Ltd. raised its position in GFL Environmental by 11.3% in the third quarter. Maverick Capital Ltd. now owns 3,658,190 shares of the company's stock worth $145,889,000 after acquiring an additional 372,534 shares during the period. Institutional investors own 64.70% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the stock. Raymond James raised their target price on shares of GFL Environmental from $47.00 to $50.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Scotiabank raised their price objective on shares of GFL Environmental from $50.00 to $52.00 and gave the stock a "sector outperform" rating in a research report on Wednesday. Royal Bank of Canada reissued an "outperform" rating and issued a $53.00 price objective on shares of GFL Environmental in a research note on Monday, February 24th. Truist Financial lifted their price target on GFL Environmental from $46.00 to $54.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Finally, Citigroup initiated coverage on GFL Environmental in a research report on Monday, January 27th. They issued a "buy" rating and a $53.00 target price on the stock. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, GFL Environmental has a consensus rating of "Moderate Buy" and a consensus price target of $49.78.
Get Our Latest Research Report on GFL Environmental
GFL Environmental Price Performance
NYSE:GFL traded down $0.74 during midday trading on Thursday, hitting $46.62. The company had a trading volume of 1,587,588 shares, compared to its average volume of 1,889,437. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $18.34 billion, a PE ratio of -35.06 and a beta of 1.16. The stock's fifty day moving average price is $44.50 and its 200-day moving average price is $43.30. 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 released its quarterly earnings results on Monday, February 24th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.03. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.98 billion. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. As a group, research analysts expect that GFL Environmental Inc. will post 0.58 earnings per share for the current year.
GFL Environmental Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 13th were given a dividend of $0.014 per share. This represents a $0.06 annualized dividend and a yield of 0.12%. The ex-dividend date was Monday, January 13th. GFL Environmental's payout ratio is currently -3.23%.
GFL Environmental 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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