BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $4.45 Million Holdings in GFL Environmental Inc. (NYSE:GFL)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its holdings in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 12.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 111,628 shares of the company's stock after selling 15,629 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in GFL Environmental were worth $4,452,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. FMR LLC boosted its position in shares of GFL Environmental by 7.4% during the third quarter. FMR LLC now owns 25,158,657 shares of the company's stock worth $1,003,591,000 after buying an additional 1,728,598 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in GFL Environmental by 2.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 11,817,626 shares of the company's stock worth $471,287,000 after purchasing an additional 257,486 shares during the last quarter. Fred Alger Management LLC grew its position in GFL Environmental by 64.3% in the third quarter. Fred Alger Management LLC now owns 10,221,130 shares of the company's stock valued at $407,619,000 after purchasing an additional 3,999,363 shares in the last quarter. Millennium Management LLC increased its stake in GFL Environmental by 40.0% in the 2nd quarter. Millennium Management LLC now owns 5,649,169 shares of the company's stock valued at $219,922,000 after buying an additional 1,614,182 shares during the last quarter. Finally, Maverick Capital Ltd. raised its holdings in GFL Environmental by 11.3% during 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 in the last quarter. 64.70% of the stock is currently owned by institutional investors and hedge funds.

GFL Environmental Price Performance

GFL Environmental stock traded up $0.01 during mid-day trading on Tuesday, reaching $46.67. 588,155 shares of the company were exchanged, compared to its average volume of 1,207,300. The firm has a market cap of $18.36 billion, a PE ratio of -35.09 and a beta of 1.16. 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 company has a fifty day simple moving average of $42.62 and a 200-day simple moving average of $40.02. GFL Environmental Inc. has a 12 month low of $28.21 and a 12 month high of $47.43.

GFL Environmental (NYSE:GFL - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.01. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. As a group, equities research analysts expect 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. Investors of record on Wednesday, October 16th were paid a $0.014 dividend. 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 dividend payout ratio (DPR) is -4.51%.

Analysts Set New Price Targets

A number of research analysts have recently commented on GFL shares. Scotiabank lifted their price objective on shares of GFL Environmental from $50.00 to $51.00 and gave the company a "sector outperform" rating in a research report on Friday, November 8th. Truist Financial lifted their price target on GFL Environmental from $46.00 to $54.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Raymond James upped their price objective on GFL Environmental from $47.00 to $50.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Finally, UBS Group boosted their target price on GFL Environmental from $47.00 to $50.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, GFL Environmental currently has an average rating of "Moderate Buy" and an average price target of $45.80.

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.