JPMorgan Chase & Co. decreased its stake in GFL Environmental Inc. (NYSE:GFL - Free Report) by 7.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 816,597 shares of the company's stock after selling 62,722 shares during the period. JPMorgan Chase & Co. owned approximately 0.21% of GFL Environmental worth $32,566,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in the stock. FMR LLC raised its holdings in shares of GFL Environmental by 7.4% in the 3rd quarter. FMR LLC now owns 25,158,657 shares of the company's stock worth $1,003,591,000 after buying an additional 1,728,598 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in GFL Environmental by 2.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 11,817,626 shares of the company's stock worth $471,287,000 after acquiring an additional 257,486 shares in the last quarter. Fred Alger Management LLC boosted its stake in shares of GFL Environmental by 64.3% in the 3rd quarter. Fred Alger Management LLC now owns 10,221,130 shares of the company's stock valued at $407,619,000 after purchasing an additional 3,999,363 shares in the last quarter. Millennium Management LLC grew its holdings in shares of GFL Environmental by 40.0% in the 2nd quarter. Millennium Management LLC now owns 5,649,169 shares of the company's stock worth $219,922,000 after purchasing an additional 1,614,182 shares during the last quarter. Finally, Maverick Capital Ltd. increased its holdings in shares of GFL Environmental by 11.3% during the third quarter. Maverick Capital Ltd. now owns 3,658,190 shares of the company's stock worth $145,889,000 after buying an additional 372,534 shares in the last quarter. Institutional investors and hedge funds own 64.70% of the company's stock.
GFL Environmental Trading Down 1.0 %
NYSE:GFL traded down $0.43 during trading hours on Tuesday, hitting $43.59. 3,054,088 shares of the company were exchanged, compared to its average volume of 1,311,347. The stock has a market capitalization of $17.15 billion, a price-to-earnings ratio of -32.77 and a beta of 1.17. The company has a fifty day simple moving average of $44.87 and a 200 day simple moving average of $41.77. 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 Inc. has a one year low of $30.57 and a one year high of $48.87.
GFL Environmental (NYSE:GFL - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.49 billion. Sell-side analysts expect that GFL Environmental Inc. will post 0.59 EPS for the current fiscal year.
GFL Environmental Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 13th will be given a dividend of $0.014 per share. The ex-dividend date is Monday, January 13th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.13%. GFL Environmental's payout ratio is presently -3.76%.
Wall Street Analyst Weigh In
GFL has been the subject of a number of recent analyst reports. Truist Financial raised their price target on GFL Environmental from $46.00 to $54.00 and gave the company a "buy" rating in a report on Friday, November 8th. Scotiabank increased their price target on GFL Environmental from $50.00 to $51.00 and gave the company a "sector outperform" rating in a research note on Friday, November 8th. Raymond James upped their price target on GFL Environmental from $47.00 to $50.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Finally, UBS Group increased their target price on shares of GFL Environmental from $47.00 to $50.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $45.80.
Get Our Latest Analysis on GFL Environmental
About GFL Environmental
(
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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