Sei Investments Co. Acquires 224,743 Shares of GFL Environmental Inc. (NYSE:GFL)

Sei Investments Co. lifted its position in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 32.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 911,616 shares of the company's stock after acquiring an additional 224,743 shares during the quarter. Sei Investments Co. owned approximately 0.23% of GFL Environmental worth $40,603,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Continuum Advisory LLC boosted its stake in shares of GFL Environmental by 60.6% during the third quarter. Continuum Advisory LLC now owns 673 shares of the company's stock valued at $29,000 after purchasing an additional 254 shares in the last quarter. Erste Asset Management GmbH grew its holdings in GFL Environmental by 2.0% during the 4th quarter. Erste Asset Management GmbH now owns 13,371 shares of the company's stock worth $597,000 after acquiring an additional 261 shares during the last quarter. Metis Global Partners LLC increased its position in GFL Environmental by 5.4% in the 4th quarter. Metis Global Partners LLC now owns 5,790 shares of the company's stock valued at $258,000 after acquiring an additional 298 shares during the period. Blue Trust Inc. raised its stake in shares of GFL Environmental by 124.9% during the fourth quarter. Blue Trust Inc. now owns 551 shares of the company's stock valued at $25,000 after acquiring an additional 306 shares during the last quarter. Finally, US Bancorp DE raised its stake in shares of GFL Environmental by 12.5% during the fourth quarter. US Bancorp DE now owns 2,890 shares of the company's stock valued at $129,000 after acquiring an additional 321 shares during the last quarter. Institutional investors own 64.70% of the company's stock.

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Wall Street Analyst Weigh In

A number of research firms recently weighed in on GFL. Royal Bank of Canada restated an "outperform" rating and issued a $53.00 price objective on shares of GFL Environmental in a report on Monday, February 24th. National Bankshares reaffirmed an "outperform" rating on shares of GFL Environmental in a research note on Tuesday, March 11th. Citigroup assumed coverage on GFL Environmental in a report on Monday, January 27th. They issued a "buy" rating and a $53.00 target price on the stock. Stifel Nicolaus upgraded shares of GFL Environmental from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. Finally, Scotiabank boosted their price target on shares of GFL Environmental from $50.00 to $52.00 and gave the stock a "sector outperform" rating in a research report on Wednesday, March 5th. 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 presently has an average rating of "Moderate Buy" and an average target price of $49.63.

GFL Environmental Stock Up 1.0 %

NYSE:GFL traded up $0.49 during trading hours on Tuesday, reaching $48.63. The company had a trading volume of 1,202,766 shares, compared to its average volume of 1,332,354. GFL Environmental Inc. has a twelve month low of $30.57 and a twelve month high of $48.87. 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 firm has a market cap of $19.13 billion, a price-to-earnings ratio of -36.56 and a beta of 1.16. The business's 50-day simple moving average is $45.14 and its two-hundred day simple moving average is $43.73.

GFL Environmental (NYSE:GFL - Get Free Report) last issued its earnings results on Monday, February 24th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.13 by $0.03. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.98 billion. On average, equities analysts expect that GFL Environmental Inc. will post 0.58 earnings per share for the current year.

GFL Environmental Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 13th were issued a $0.014 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date of this dividend was Monday, January 13th. GFL Environmental's dividend payout ratio is currently -3.23%.

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.