Korea Investment CORP Boosts Holdings in GFL Environmental Inc. (NYSE:GFL)

Korea Investment CORP raised its holdings in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 104.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 119,699 shares of the company's stock after buying an additional 61,211 shares during the quarter. Korea Investment CORP's holdings in GFL Environmental were worth $5,333,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Soros Fund Management LLC grew its holdings in shares of GFL Environmental by 487.0% during the third quarter. Soros Fund Management LLC now owns 3,156,327 shares of the company's stock worth $125,874,000 after purchasing an additional 2,618,589 shares in the last quarter. American Century Companies Inc. lifted its position in GFL Environmental by 40.4% during the fourth quarter. American Century Companies Inc. now owns 2,412,639 shares of the company's stock valued at $107,459,000 after purchasing an additional 693,884 shares during the last quarter. Raymond James Financial Inc. purchased a new position in GFL Environmental in the 4th quarter worth approximately $18,836,000. Generate Investment Management Ltd bought a new position in shares of GFL Environmental in the 4th quarter worth $15,041,000. Finally, Zimmer Partners LP bought a new position in shares of GFL Environmental in the 3rd quarter worth $9,970,000. 64.70% of the stock is currently owned by hedge funds and other institutional investors.

GFL Environmental Trading Down 7.0 %

Shares of NYSE GFL traded down $3.37 during mid-day trading on Friday, hitting $44.76. The stock had a trading volume of 3,841,428 shares, compared to its average volume of 1,404,991. The business has a 50 day moving average price of $46.15 and a two-hundred day moving average price of $44.20. GFL Environmental Inc. has a 1 year low of $30.57 and a 1 year high of $49.35. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a market cap of $17.61 billion, a P/E ratio of -33.65 and a beta of 1.09.

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

GFL Environmental Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 14th will be given a $0.0154 dividend. This is a positive change from GFL Environmental's previous quarterly dividend of $0.01. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.14%. GFL Environmental's dividend payout ratio (DPR) is currently -3.23%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Citigroup upped their target price on shares of GFL Environmental from $51.00 to $56.00 and gave the stock a "buy" rating in a research report on Wednesday. Truist Financial upped their price objective on GFL Environmental from $54.00 to $58.00 and gave the stock a "buy" rating in a report on Wednesday. Scotiabank raised their price objective on GFL Environmental from $50.00 to $52.00 and gave the company a "sector outperform" rating in a report on Wednesday, March 5th. UBS Group upped their target price on GFL Environmental from $50.00 to $57.00 and gave the stock a "buy" rating in a research note on Friday. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $53.00 price target on shares of GFL Environmental in a research report on Monday, February 24th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $51.38.

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.