50,000 Shares in GFL Environmental Inc. (NYSE:GFL) Acquired by Seven Grand Managers LLC

Seven Grand Managers LLC acquired a new stake in GFL Environmental Inc. (NYSE:GFL - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 50,000 shares of the company's stock, valued at approximately $1,994,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of GFL Environmental by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 7,231,470 shares of the company's stock worth $249,558,000 after acquiring an additional 77,156 shares during the last quarter. Toronto Dominion Bank increased its holdings in GFL Environmental by 33.8% in the first quarter. Toronto Dominion Bank now owns 74,152 shares of the company's stock valued at $2,558,000 after purchasing an additional 18,742 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in GFL Environmental by 143.9% in the first quarter. Janney Montgomery Scott LLC now owns 17,628 shares of the company's stock valued at $608,000 after acquiring an additional 10,400 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in GFL Environmental in the first quarter valued at about $459,000. Finally, Jennison Associates LLC grew its stake in GFL Environmental by 3.3% in the first quarter. Jennison Associates LLC now owns 1,377,478 shares of the company's stock valued at $47,523,000 after acquiring an additional 44,517 shares during the period. Institutional investors own 64.70% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Royal Bank of Canada boosted their target price on GFL Environmental from $46.00 to $48.00 and gave the company an "outperform" rating in a research note on Friday, August 2nd. Raymond James upped their price objective on GFL Environmental from $43.00 to $45.00 and gave the stock an "outperform" rating in a research report on Monday, July 22nd. BMO Capital Markets cut GFL Environmental from an "outperform" rating to a "market perform" rating and reduced their price objective for the stock from $43.00 to $42.00 in a research report on Tuesday, July 9th. Finally, Scotiabank initiated coverage on GFL Environmental in a research report on Friday, October 4th. They set a "sector outperform" rating and a $50.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, GFL Environmental currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.09.

GFL Environmental Stock Up 2.5 %

NYSE GFL traded up $1.03 during trading hours on Thursday, hitting $41.73. 1,008,777 shares of the company traded hands, compared to its average volume of 1,223,558. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.89 and a current ratio of 0.89. The business's 50-day moving average is $40.76 and its 200-day moving average is $37.46. The stock has a market capitalization of $15.71 billion, a price-to-earnings ratio of -27.82 and a beta of 1.16. GFL Environmental Inc. has a twelve month low of $26.87 and a twelve month high of $43.79.

GFL Environmental (NYSE:GFL - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.01. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.51 billion. GFL Environmental had a positive return on equity of 3.32% and a negative net margin of 8.78%. Sell-side analysts anticipate that GFL Environmental Inc. will post 0.62 earnings per share for the current year.

GFL Environmental Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th will be paid a $0.014 dividend. The ex-dividend date is Wednesday, October 16th. This represents a $0.06 annualized dividend and a yield of 0.13%. GFL Environmental's dividend payout ratio is -3.33%.

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.