Capital Research Global Investors lifted its holdings in GFL Environmental Inc. (NYSE:GFL - Free Report) by 11.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,973,784 shares of the company's stock after purchasing an additional 2,751,618 shares during the period. Capital Research Global Investors owned 6.86% of GFL Environmental worth $1,201,406,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of GFL. Public Employees Retirement System of Ohio bought a new stake in shares of GFL Environmental during the 3rd quarter worth about $627,000. Geode Capital Management LLC grew its holdings in GFL Environmental by 7.7% during the third quarter. Geode Capital Management LLC now owns 918,706 shares of the company's stock valued at $36,296,000 after purchasing an additional 65,449 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of GFL Environmental in the third quarter valued at approximately $174,000. Tidal Investments LLC lifted its stake in shares of GFL Environmental by 6.3% in the third quarter. Tidal Investments LLC now owns 20,853 shares of the company's stock worth $832,000 after buying an additional 1,238 shares during the last quarter. Finally, BluePath Capital Management LLC bought a new stake in shares of GFL Environmental during the 4th quarter worth $248,000. 64.70% of the stock is owned by institutional investors and hedge funds.
GFL Environmental Stock Performance
GFL traded up $0.53 during trading on Thursday, reaching $48.60. 492,478 shares of the company's stock were exchanged, compared to its average volume of 1,469,128. GFL Environmental Inc. has a fifty-two week low of $30.57 and a fifty-two week high of $49.45. The company has a market capitalization of $19.12 billion, a P/E ratio of -36.56 and a beta of 1.09. 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 business has a 50 day moving average price of $46.86 and a 200 day moving average price of $44.91.
GFL Environmental (NYSE:GFL - Get Free Report) last posted its earnings results on Monday, February 24th. The company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.03. The business had revenue of $1.42 billion for the quarter, compared to analysts' expectations 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, analysts predict that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.
GFL Environmental Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 14th will be given a dividend of $0.0154 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.13%. This is a boost from GFL Environmental's previous quarterly dividend of $0.01. GFL Environmental's dividend payout ratio (DPR) is -3.87%.
Analyst Ratings Changes
GFL has been the subject of a number of research analyst reports. Stifel Nicolaus raised shares of GFL Environmental from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. Citigroup cut their price objective on GFL Environmental from $56.00 to $53.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Truist Financial raised their target price on GFL Environmental from $54.00 to $58.00 and gave the company a "buy" rating in a report on Wednesday, April 2nd. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $53.00 price target on shares of GFL Environmental in a research report on Monday, February 24th. Finally, National Bankshares reissued an "outperform" rating on shares of GFL Environmental in a research report on Tuesday, March 11th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $52.00.
View Our Latest Stock Report on GFL Environmental
GFL Environmental Profile
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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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