Janus Henderson Group PLC Acquires 81,300 Shares of GFL Environmental Inc. (NYSE:GFL)

Janus Henderson Group PLC lifted its stake in GFL Environmental Inc. (NYSE:GFL - Free Report) by 1,426.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 87,000 shares of the company's stock after buying an additional 81,300 shares during the quarter. Janus Henderson Group PLC's holdings in GFL Environmental were worth $3,467,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Concentric Capital Strategies LP purchased a new position in shares of GFL Environmental in the third quarter valued at about $6,321,000. Erste Asset Management GmbH bought a new stake in GFL Environmental during the 3rd quarter valued at approximately $515,000. Maverick Capital Ltd. lifted its holdings in GFL Environmental by 11.3% in the 3rd quarter. Maverick Capital Ltd. now owns 3,658,190 shares of the company's stock worth $145,889,000 after purchasing an additional 372,534 shares in the last quarter. Fred Alger Management LLC boosted its stake in GFL Environmental by 64.3% in the 3rd quarter. Fred Alger Management LLC now owns 10,221,130 shares of the company's stock worth $407,619,000 after purchasing an additional 3,999,363 shares during the period. Finally, Verition Fund Management LLC grew its holdings in GFL Environmental by 539.9% during the 3rd quarter. Verition Fund Management LLC now owns 84,468 shares of the company's stock valued at $3,369,000 after buying an additional 71,268 shares in the last quarter. 64.70% of the stock is owned by hedge funds and other institutional investors.

GFL Environmental Trading Down 0.3 %

NYSE GFL traded down $0.12 during trading hours on Thursday, hitting $45.35. 496,851 shares of the company were exchanged, compared to its average volume of 1,199,865. The stock has a market cap of $17.84 billion, a PE ratio of -34.20 and a beta of 1.16. GFL Environmental Inc. has a 52 week low of $30.12 and a 52 week high of $48.87. The stock has a 50-day moving average price of $43.38 and a 200 day moving average price of $40.56. 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 released its earnings results on Wednesday, November 6th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.01. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.49 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. Analysts forecast that GFL Environmental Inc. will post 0.59 earnings per share for the current fiscal year.

GFL Environmental Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th were issued a $0.014 dividend. The ex-dividend date was Wednesday, October 16th. This represents a $0.06 annualized dividend and a dividend yield of 0.12%. GFL Environmental's dividend payout ratio (DPR) is presently -3.76%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on GFL shares. Scotiabank boosted their target price on shares of GFL Environmental from $50.00 to $51.00 and gave the stock a "sector outperform" rating in a report on Friday, November 8th. Truist Financial boosted their price target on shares of GFL Environmental from $46.00 to $54.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. UBS Group raised their price objective on GFL Environmental from $47.00 to $50.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Finally, Raymond James boosted their target price on GFL Environmental from $47.00 to $50.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $45.80.

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.