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GFL Environmental Inc. (NYSE:GFL) Holdings Decreased by CIBC Asset Management Inc

GFL Environmental logo with Business Services background

CIBC Asset Management Inc reduced its position in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,954,967 shares of the company's stock after selling 50,130 shares during the period. CIBC Asset Management Inc owned about 0.50% of GFL Environmental worth $86,953,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Generate Investment Management Ltd purchased a new stake in GFL Environmental during the 4th quarter worth $15,041,000. Tobam acquired a new stake in shares of GFL Environmental during the fourth quarter valued at about $1,846,000. Harbor Capital Advisors Inc. grew its stake in shares of GFL Environmental by 115.3% during the third quarter. Harbor Capital Advisors Inc. now owns 49,566 shares of the company's stock valued at $1,977,000 after acquiring an additional 26,542 shares in the last quarter. FMR LLC increased 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 acquiring an additional 1,728,598 shares during the last quarter. Finally, Copeland Capital Management LLC lifted its stake in shares of GFL Environmental by 2.2% in the third quarter. Copeland Capital Management LLC now owns 921,377 shares of the company's stock worth $36,745,000 after acquiring an additional 19,675 shares in the last quarter. 64.70% of the stock is owned by institutional investors and hedge funds.

GFL Environmental Stock Performance

Shares of GFL stock traded up $0.38 during trading hours on Wednesday, reaching $46.60. The stock had a trading volume of 410,578 shares, compared to its average volume of 1,760,125. 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 firm has a 50-day simple moving average of $44.37 and a 200-day simple moving average of $42.89. The firm has a market capitalization of $18.33 billion, a PE ratio of -35.03 and a beta of 1.17. GFL Environmental Inc. has a twelve month low of $30.57 and a twelve month high of $48.87.

GFL Environmental Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 13th were given a dividend of $0.014 per share. The ex-dividend date of this dividend was Monday, January 13th. This represents a $0.06 annualized dividend and a dividend yield of 0.12%. GFL Environmental's dividend payout ratio is presently -4.51%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Citigroup initiated coverage on GFL Environmental in a research note on Monday, January 27th. They set a "buy" rating and a $53.00 price objective for the company. UBS Group raised their price target on shares of GFL Environmental from $47.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Raymond James upped their price target on shares of GFL Environmental from $47.00 to $50.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Scotiabank reduced their target price on GFL Environmental from $51.00 to $50.00 and set a "sector outperform" rating on the stock in a report on Monday, January 27th. Finally, Truist Financial raised their price target on shares of GFL Environmental from $46.00 to $54.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $49.00.

Read Our Latest Analysis on GFL

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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Institutional Ownership by Quarter for GFL Environmental (NYSE:GFL)

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