Legal & General Group Plc trimmed its position in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 35.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 661,685 shares of the company's stock after selling 359,889 shares during the quarter. Legal & General Group Plc owned approximately 0.17% of GFL Environmental worth $29,482,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the company. FMR LLC increased its holdings in GFL Environmental by 10.0% in the fourth quarter. FMR LLC now owns 27,664,678 shares of the company's stock valued at $1,233,223,000 after buying an additional 2,506,021 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of GFL Environmental by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 8,697,180 shares of the company's stock valued at $387,705,000 after purchasing an additional 217,096 shares in the last quarter. Norges Bank acquired a new position in GFL Environmental in the 4th quarter worth about $126,420,000. American Century Companies Inc. boosted its position in GFL Environmental by 40.4% during the fourth quarter. American Century Companies Inc. now owns 2,412,639 shares of the company's stock worth $107,459,000 after purchasing an additional 693,884 shares in the last quarter. Finally, Jennison Associates LLC grew its holdings in GFL Environmental by 7.0% in the fourth quarter. Jennison Associates LLC now owns 1,544,690 shares of the company's stock valued at $68,800,000 after purchasing an additional 101,695 shares during the period. 64.70% of the stock is currently owned by institutional investors and hedge funds.
GFL Environmental Price Performance
GFL traded down $0.06 during trading on Friday, reaching $48.49. The company's stock had a trading volume of 1,192,629 shares, compared to its average volume of 1,462,728. The company has a market cap of $19.07 billion, a price-to-earnings ratio of -36.46 and a beta of 1.09. The firm has a fifty day simple moving average of $46.72 and a two-hundred day simple moving average of $44.69. GFL Environmental Inc. has a 1 year low of $30.57 and a 1 year high of $49.45. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.27.
GFL Environmental (NYSE:GFL - Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.03. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.98 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. As a group, analysts anticipate that GFL Environmental Inc. will post 0.58 EPS for the current year.
GFL Environmental Increases Dividend
The company also recently disclosed 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 is a boost from GFL Environmental's previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a yield of 0.13%. GFL Environmental's dividend payout ratio (DPR) is presently -3.87%.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on GFL. Citigroup reduced their target price on GFL Environmental from $56.00 to $53.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Scotiabank lifted their target price on shares of GFL Environmental from $52.00 to $54.00 and gave the company an "outperform" rating in a research report on Tuesday, April 8th. Royal Bank of Canada reissued an "outperform" rating and set a $53.00 target price on shares of GFL Environmental in a research note on Monday, February 24th. Raymond James set a $56.00 price target on shares of GFL Environmental and gave the company an "outperform" rating in a research note on Wednesday. Finally, UBS Group boosted their price objective on GFL Environmental from $50.00 to $57.00 and gave the stock a "buy" rating in a research note on Friday, April 4th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $52.00.
Get Our Latest Stock Report on GFL Environmental
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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