Massachusetts Financial Services Co. MA Has $490.99 Million Holdings in GFL Environmental Inc. (NYSE:GFL)

Massachusetts Financial Services Co. MA lessened its holdings in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 6.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 11,023,570 shares of the company's stock after selling 794,056 shares during the quarter. Massachusetts Financial Services Co. MA owned about 2.80% of GFL Environmental worth $490,990,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of GFL. Blue Trust Inc. raised its position in shares of GFL Environmental by 124.9% during the 4th quarter. Blue Trust Inc. now owns 551 shares of the company's stock worth $25,000 after buying an additional 306 shares in the last quarter. Berbice Capital Management LLC acquired a new stake in GFL Environmental in the fourth quarter worth approximately $27,000. Continuum Advisory LLC boosted its stake in GFL Environmental by 60.6% during the 3rd quarter. Continuum Advisory LLC now owns 673 shares of the company's stock valued at $29,000 after purchasing an additional 254 shares in the last quarter. SRH Advisors LLC acquired a new position in shares of GFL Environmental during the 4th quarter valued at $89,000. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of GFL Environmental by 350.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,400 shares of the company's stock worth $107,000 after buying an additional 1,867 shares in the last quarter. Institutional investors own 64.70% of the company's stock.

GFL Environmental Stock Performance

Shares of NYSE:GFL traded down $1.54 during trading on Monday, reaching $43.19. The stock had a trading volume of 1,519,929 shares, compared to its average volume of 1,405,923. The stock has a fifty day simple moving average of $46.15 and a two-hundred day simple moving average of $44.24. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.27. GFL Environmental Inc. has a 52 week low of $30.57 and a 52 week high of $49.35. The firm has a market capitalization of $16.99 billion, a price-to-earnings ratio of -32.37 and a beta of 1.09.

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

GFL Environmental Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 14th will be paid a dividend of $0.0154 per share. This is an increase from GFL Environmental's previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a yield of 0.14%. GFL Environmental's dividend payout ratio is presently -3.23%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on GFL shares. UBS Group lifted their target price on GFL Environmental from $50.00 to $57.00 and gave the stock a "buy" rating in a report on Friday. Truist Financial upped their price objective on shares of GFL Environmental from $54.00 to $58.00 and gave the company a "buy" rating in a research note on Wednesday, April 2nd. Citigroup boosted their price target on shares of GFL Environmental from $51.00 to $56.00 and gave the company a "buy" rating in a report on Wednesday, April 2nd. Stifel Nicolaus raised shares of GFL Environmental from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. Finally, Scotiabank lifted their price target on GFL Environmental from $50.00 to $52.00 and gave the company a "sector outperform" rating in a report on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $51.38.

GFL Environmental 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.