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Massachusetts Financial Services Co. MA Buys 257,486 Shares of GFL Environmental Inc. (NYSE:GFL)

GFL Environmental logo with Business Services background

Massachusetts Financial Services Co. MA raised its position in GFL Environmental Inc. (NYSE:GFL - Free Report) by 2.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,817,626 shares of the company's stock after acquiring an additional 257,486 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 3.14% of GFL Environmental worth $471,287,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of GFL. Cape Investment Advisory Inc. grew 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 valued at $44,000 after buying an additional 975 shares in the last quarter. Fifth Third Bancorp lifted its position in GFL Environmental by 51.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,358 shares of the company's stock worth $53,000 after acquiring an additional 459 shares during the period. Spartan Fund Management Inc. acquired a new position in shares of GFL Environmental in the 3rd quarter valued at about $60,000. Tobam lifted its holdings in shares of GFL Environmental by 139.5% in the 2nd quarter. Tobam now owns 1,751 shares of the company's stock valued at $68,000 after buying an additional 1,020 shares during the period. Finally, Avior Wealth Management LLC acquired a new position in GFL Environmental in the 3rd quarter worth about $82,000. Hedge funds and other institutional investors own 64.70% of the company's stock.

GFL Environmental Price Performance

Shares of NYSE GFL traded up $0.12 during mid-day trading on Friday, reaching $45.89. 1,253,941 shares of the company traded hands, compared to its average volume of 1,217,467. The firm has a market cap of $18.05 billion, a PE ratio of -34.50 and a beta of 1.15. GFL Environmental Inc. has a fifty-two week low of $26.87 and a fifty-two week high of $46.48. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.58 and a quick ratio of 0.58. The stock has a fifty day simple moving average of $41.63 and a 200-day simple moving average of $39.20.

GFL Environmental (NYSE:GFL - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.01. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.49 billion. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. Equities research analysts anticipate that GFL Environmental Inc. will post 0.59 EPS for the current fiscal year.

GFL Environmental Dividend Announcement

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

Analyst Upgrades and Downgrades

GFL has been the subject of several research reports. Scotiabank boosted their price objective on GFL Environmental from $50.00 to $51.00 and gave the stock a "sector outperform" rating in a research note on Friday, November 8th. Royal Bank of Canada increased their target price on GFL Environmental from $46.00 to $48.00 and gave the company an "outperform" rating in a report on Friday, August 2nd. Truist Financial increased their target price on GFL Environmental from $46.00 to $54.00 and gave the company a "buy" rating in a report on Friday, November 8th. Raymond James lifted 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. Finally, UBS Group boosted their price target on GFL Environmental from $47.00 to $50.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $45.80.

Get Our Latest Stock Analysis on GFL

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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Institutional Ownership by Quarter for GFL Environmental (NYSE:GFL)

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