Generate Investment Management Ltd bought a new position in GFL Environmental Inc. (NYSE:GFL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 337,699 shares of the company's stock, valued at approximately $15,041,000. Generate Investment Management Ltd owned approximately 0.09% of GFL Environmental at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. lifted its stake in GFL Environmental by 124.9% in the fourth quarter. Blue Trust Inc. now owns 551 shares of the company's stock worth $25,000 after purchasing an additional 306 shares during the last quarter. Berbice Capital Management LLC acquired a new stake in GFL Environmental during the fourth quarter worth about $27,000. Continuum Advisory LLC raised its holdings in GFL Environmental by 60.6% in the 3rd quarter. Continuum Advisory LLC now owns 673 shares of the company's stock valued at $29,000 after buying an additional 254 shares during the period. Spartan Fund Management Inc. purchased a new stake in GFL Environmental during the third quarter worth about $60,000. Finally, Avior Wealth Management LLC purchased a new stake in shares of GFL Environmental in the 3rd quarter valued at approximately $82,000. 64.70% of the stock is owned by hedge funds and other institutional investors.
GFL Environmental Trading Down 0.7 %
Shares of NYSE:GFL traded down $0.34 during trading on Tuesday, hitting $46.09. 685,189 shares of the company's stock were exchanged, compared to its average volume of 1,854,536. The firm has a 50-day moving average price of $44.38 and a two-hundred day moving average price of $42.58. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.27. The firm has a market cap of $18.13 billion, a P/E ratio of -34.65 and a beta of 1.17. GFL Environmental Inc. has a 1-year low of $30.57 and a 1-year high of $48.87.
GFL Environmental Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 13th were paid a $0.014 dividend. This represents a $0.06 annualized dividend and a yield of 0.12%. The ex-dividend date of this dividend was Monday, January 13th. GFL Environmental's payout ratio is presently -4.51%.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on GFL shares. Scotiabank reduced their price target on shares of GFL Environmental from $51.00 to $50.00 and set a "sector outperform" rating for the company in a research note on Monday, January 27th. Citigroup initiated coverage on shares of GFL Environmental in a research note on Monday, January 27th. They issued a "buy" rating and a $53.00 price objective on the stock. UBS Group boosted their price target on GFL Environmental from $47.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Raymond James increased their price objective on GFL Environmental from $47.00 to $50.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Finally, Truist Financial upped their price target on shares of GFL Environmental from $46.00 to $54.00 and gave the company a "buy" rating in a report on Friday, November 8th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $49.00.
View Our Latest Stock Report on GFL
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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