Intech Investment Management LLC decreased its stake in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 45.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,586 shares of the company's stock after selling 12,240 shares during the quarter. Intech Investment Management LLC's holdings in GFL Environmental were worth $582,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of GFL. Millennium Management LLC raised its stake in GFL Environmental by 40.0% in the second quarter. Millennium Management LLC now owns 5,649,169 shares of the company's stock valued at $219,922,000 after buying an additional 1,614,182 shares in the last quarter. Progeny 3 Inc. lifted its stake in GFL Environmental by 516.3% during the second quarter. Progeny 3 Inc. now owns 893,300 shares of the company's stock worth $34,776,000 after purchasing an additional 748,350 shares during the last quarter. Maverick Capital Ltd. boosted its holdings in GFL Environmental by 22.1% in the second quarter. Maverick Capital Ltd. now owns 3,285,656 shares of the company's stock valued at $127,911,000 after purchasing an additional 595,259 shares in the last quarter. Marshall Wace LLP increased its stake in GFL Environmental by 26.1% in the second quarter. Marshall Wace LLP now owns 2,476,752 shares of the company's stock valued at $96,420,000 after purchasing an additional 512,735 shares during the last quarter. Finally, Fred Alger Management LLC raised its holdings in GFL Environmental by 7.1% during the second quarter. Fred Alger Management LLC now owns 6,221,767 shares of the company's stock worth $242,213,000 after purchasing an additional 411,128 shares in the last quarter. Institutional investors and hedge funds own 64.70% of the company's stock.
GFL Environmental Price Performance
Shares of GFL Environmental stock traded down $0.44 during trading on Monday, reaching $46.66. The company's stock had a trading volume of 863,893 shares, compared to its average volume of 1,209,945. The business has a 50 day moving average price of $42.34 and a 200-day moving average price of $39.81. The company has a market capitalization of $18.36 billion, a P/E ratio of -35.08 and a beta of 1.15. 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 Inc. has a 12-month low of $28.21 and a 12-month high of $47.43.
GFL Environmental (NYSE:GFL - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.01. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. As a group, sell-side analysts anticipate that GFL Environmental Inc. will post 0.59 EPS for the current year.
GFL Environmental Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th were given a dividend of $0.014 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date was Wednesday, October 16th. GFL Environmental's payout ratio is currently -4.51%.
Wall Street Analysts Forecast Growth
GFL has been the topic of a number of recent analyst reports. Scotiabank increased their target price on shares of GFL Environmental from $50.00 to $51.00 and gave the company a "sector outperform" rating in a research report on Friday, November 8th. Truist Financial lifted their target price on GFL Environmental from $46.00 to $54.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Raymond James upped their target price on GFL Environmental from $47.00 to $50.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Finally, UBS Group lifted their price target on GFL Environmental from $47.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $45.80.
Read 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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