Loomis Sayles & Co. L P trimmed its stake in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 13.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 435,747 shares of the company's stock after selling 70,460 shares during the quarter. Loomis Sayles & Co. L P owned 0.12% of GFL Environmental worth $17,377,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in GFL Environmental by 9.4% during the 1st quarter. Vanguard Group Inc. now owns 7,914,590 shares of the company's stock worth $273,053,000 after acquiring an additional 683,120 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in GFL Environmental by 36.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 79,721 shares of the company's stock valued at $2,746,000 after buying an additional 21,254 shares during the last quarter. Silvercrest Asset Management Group LLC increased its holdings in GFL Environmental by 31.8% in the first quarter. Silvercrest Asset Management Group LLC now owns 13,123 shares of the company's stock valued at $453,000 after buying an additional 3,166 shares during the last quarter. Tidal Investments LLC raised its stake in GFL Environmental by 68.6% in the first quarter. Tidal Investments LLC now owns 18,133 shares of the company's stock valued at $626,000 after buying an additional 7,377 shares in the last quarter. Finally, Cape Investment Advisory Inc. lifted its holdings in GFL Environmental by 325.0% during the 1st quarter. Cape Investment Advisory Inc. now owns 1,275 shares of the company's stock worth $44,000 after buying an additional 975 shares during the last quarter. Hedge funds and other institutional investors own 64.70% of the company's stock.
GFL Environmental Price Performance
NYSE GFL opened at $46.60 on Wednesday. GFL Environmental Inc. has a one year low of $26.87 and a one year high of $47.11. The firm's fifty day moving average is $41.91 and its two-hundred day moving average is $39.49. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.58 and a current ratio of 0.58.
GFL Environmental (NYSE:GFL - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.24 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts' expectations of $1.49 billion. On average, analysts forecast that GFL Environmental Inc. will post 0.59 earnings per share for the current fiscal year.
GFL Environmental Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Wednesday, October 16th were issued a dividend of $0.014 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.12%. The ex-dividend date of this dividend was Wednesday, October 16th. GFL Environmental's dividend payout ratio is presently -4.51%.
Analyst Ratings Changes
A number of research analysts have recently commented on the company. UBS Group increased their price objective on GFL Environmental from $47.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Royal Bank of Canada raised their price objective on shares of GFL Environmental from $46.00 to $48.00 and gave the stock an "outperform" rating in a report on Friday, August 2nd. Raymond James boosted 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. Truist Financial increased their target price on shares of GFL Environmental from $46.00 to $54.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Finally, Scotiabank boosted their price target on shares of GFL Environmental from $50.00 to $51.00 and gave the company a "sector outperform" rating in a research report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, GFL Environmental currently has a consensus rating of "Moderate Buy" and an average price target of $45.80.
Get Our Latest Stock Report 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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