Jennison Associates LLC Purchases 101,695 Shares of GFL Environmental Inc. (NYSE:GFL)

Jennison Associates LLC raised its holdings in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 7.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,544,690 shares of the company's stock after purchasing an additional 101,695 shares during the quarter. Jennison Associates LLC owned 0.39% of GFL Environmental worth $68,800,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in GFL. Blue Trust Inc. lifted its holdings in shares of GFL Environmental by 124.9% in the 4th 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. Berbice Capital Management LLC bought a new stake in shares of GFL Environmental in the 4th quarter valued at approximately $27,000. Continuum Advisory LLC boosted its holdings in shares of GFL Environmental by 60.6% in the 3rd quarter. Continuum Advisory LLC now owns 673 shares of the company's stock worth $29,000 after purchasing an additional 254 shares during the period. Spartan Fund Management Inc. bought a new position in shares of GFL Environmental during the 3rd quarter valued at approximately $60,000. Finally, Avior Wealth Management LLC purchased a new stake in GFL Environmental during the 3rd quarter valued at $82,000. 64.70% of the stock is owned by hedge funds and other institutional investors.

GFL Environmental Trading Down 0.1 %

Shares of GFL Environmental stock traded down $0.07 on Friday, hitting $45.95. 1,167,731 shares of the company traded hands, compared to its average volume of 1,915,265. GFL Environmental Inc. has a 52 week low of $30.57 and a 52 week high of $48.87. The company has a market cap of $18.07 billion, a PE ratio of -34.55 and a beta of 1.17. The stock's 50 day moving average price is $44.41 and its 200-day moving average price is $42.44. 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 issued its earnings results on Wednesday, November 6th. The company reported $0.24 earnings per share for the quarter, beating analysts' consensus estimates of $0.23 by $0.01. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.49 billion. Equities research analysts predict that GFL Environmental Inc. will post 0.58 EPS for the current year.

GFL Environmental Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 13th were paid 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 presently -3.76%.

Wall Street Analyst Weigh In

Several research firms have commented on GFL. UBS Group lifted their price objective on shares of GFL Environmental from $47.00 to $50.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Truist Financial lifted 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. Raymond James increased their price objective on shares of GFL Environmental from $47.00 to $50.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Scotiabank decreased their price objective on shares of GFL Environmental from $51.00 to $50.00 and set a "sector outperform" rating for the company in a research note on Monday, January 27th. Finally, Citigroup initiated coverage on GFL Environmental in a research note on Monday, January 27th. They set a "buy" rating and a $53.00 target price on the stock. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, GFL Environmental presently has a consensus rating of "Moderate Buy" and an average target price of $49.00.

About GFL Environmental

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.