Loomis Sayles & Co. L P Sells 101,310 Shares of GFL Environmental Inc. (NYSE:GFL)

Loomis Sayles & Co. L P lowered its holdings in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 23.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 334,437 shares of the company's stock after selling 101,310 shares during the quarter. Loomis Sayles & Co. L P owned approximately 0.09% of GFL Environmental worth $14,896,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Generate Investment Management Ltd purchased a new stake in GFL Environmental during the 4th quarter valued at approximately $15,041,000. Tobam bought a new position in shares of GFL Environmental during the fourth quarter worth $1,846,000. Duff & Phelps Investment Management Co. boosted its position in shares of GFL Environmental by 14.6% during the third quarter. Duff & Phelps Investment Management Co. now owns 310,918 shares of the company's stock worth $12,399,000 after acquiring an additional 39,558 shares during the last quarter. National Bank of Canada FI grew its stake in GFL Environmental by 16.9% during the third quarter. National Bank of Canada FI now owns 214,007 shares of the company's stock valued at $8,536,000 after acquiring an additional 31,003 shares in the last quarter. Finally, Verition Fund Management LLC increased its holdings in GFL Environmental by 539.9% in the 3rd quarter. Verition Fund Management LLC now owns 84,468 shares of the company's stock valued at $3,369,000 after acquiring an additional 71,268 shares during the last quarter. Institutional investors own 64.70% of the company's stock.

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Analyst Upgrades and Downgrades

GFL has been the subject of several research reports. Royal Bank of Canada reissued an "outperform" rating and set a $53.00 price objective on shares of GFL Environmental in a report on Monday, February 24th. Citigroup initiated coverage on GFL Environmental in a research note on Monday, January 27th. They set a "buy" rating and a $53.00 price target for the company. National Bankshares reaffirmed an "outperform" rating on shares of GFL Environmental in a research note on Tuesday, March 11th. Stifel Nicolaus upgraded GFL Environmental from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. Finally, Scotiabank raised their target price on shares of GFL Environmental from $50.00 to $52.00 and gave the company a "sector outperform" rating in a report on Wednesday, March 5th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $49.63.

GFL Environmental Trading Up 1.3 %

Shares of NYSE GFL traded up $0.62 during trading hours on Monday, hitting $48.38. 2,144,476 shares of the company traded hands, compared to its average volume of 1,381,229. The company's 50 day moving average price is $45.60 and its 200 day moving average price is $43.96. GFL Environmental Inc. has a 12 month low of $30.57 and a 12 month high of $49.35. The stock has a market capitalization of $19.03 billion, a price-to-earnings ratio of -36.37 and a beta of 1.16. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.27.

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

GFL Environmental Announces Dividend

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

GFL Environmental Company 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.