TimesSquare Capital Management LLC cut its holdings in GFL Environmental Inc. (NYSE:GFL - Free Report) by 18.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 707,290 shares of the company's stock after selling 164,495 shares during the period. TimesSquare Capital Management LLC owned about 0.18% of GFL Environmental worth $31,503,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. grew its holdings in shares of GFL Environmental by 124.9% in the fourth quarter. Blue Trust Inc. now owns 551 shares of the company's stock valued at $25,000 after acquiring an additional 306 shares in the last quarter. Berbice Capital Management LLC purchased a new position in GFL Environmental in the fourth quarter valued at approximately $27,000. Continuum Advisory LLC lifted its stake in GFL Environmental by 60.6% in the third quarter. Continuum Advisory LLC now owns 673 shares of the company's stock valued at $29,000 after purchasing an additional 254 shares during the last quarter. Spartan Fund Management Inc. purchased a new position in GFL Environmental in the third quarter valued at approximately $60,000. Finally, Avior Wealth Management LLC purchased a new position in GFL Environmental in the third quarter valued at approximately $82,000. 64.70% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on GFL shares. UBS Group upped their price objective on GFL Environmental from $47.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Scotiabank dropped their price objective on GFL Environmental from $51.00 to $50.00 and set a "sector outperform" rating on the stock in a research note on Monday, January 27th. Citigroup started coverage on GFL Environmental in a research note on Monday, January 27th. They issued a "buy" rating and a $53.00 price objective on the stock. Raymond James upped their price objective on GFL Environmental from $47.00 to $50.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Finally, Truist Financial increased their target price on GFL Environmental from $46.00 to $54.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, GFL Environmental presently has an average rating of "Moderate Buy" and a consensus target price of $49.00.
View Our Latest Stock Report on GFL
GFL Environmental Stock Performance
Shares of NYSE:GFL traded up $0.15 during trading on Friday, hitting $46.36. 987,186 shares of the company were exchanged, compared to its average volume of 1,720,073. The company has a market cap of $18.24 billion, a PE ratio of -34.86 and a beta of 1.17. GFL Environmental Inc. has a 52-week low of $30.57 and a 52-week high of $48.87. The stock has a 50 day moving average of $44.44 and a 200 day moving average of $42.99. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.58 and a quick ratio of 0.58.
GFL Environmental Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 13th were issued a $0.014 dividend. The ex-dividend date was Monday, January 13th. This represents a $0.06 annualized dividend and a dividend yield of 0.12%. GFL Environmental's payout ratio is currently -4.51%.
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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