Vestcor Inc decreased its position in GFL Environmental Inc. (NYSE:GFL - Free Report) by 19.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 404,615 shares of the company's stock after selling 99,800 shares during the period. Vestcor Inc owned about 0.11% of GFL Environmental worth $16,136,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the company. Continuum Advisory LLC raised its stake in shares of 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 in the last quarter. Fifth Third Bancorp boosted its position in shares of GFL Environmental by 51.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,358 shares of the company's stock valued at $53,000 after acquiring an additional 459 shares in the last quarter. Spartan Fund Management Inc. bought a new stake in GFL Environmental in the third quarter valued at about $60,000. Tobam raised its position in GFL Environmental by 139.5% in the second quarter. Tobam now owns 1,751 shares of the company's stock worth $68,000 after purchasing an additional 1,020 shares in the last quarter. Finally, Avior Wealth Management LLC acquired a new position in GFL Environmental in the third quarter worth about $82,000. Institutional investors own 64.70% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the company. Truist Financial upped their price objective on GFL Environmental from $46.00 to $54.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Raymond James upped their price target on GFL Environmental from $47.00 to $50.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. UBS Group lifted 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. Finally, Scotiabank boosted their target price on shares of GFL Environmental from $50.00 to $51.00 and gave the company a "sector outperform" rating in a research note on Friday, November 8th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $45.80.
View Our Latest Research Report on GFL Environmental
GFL Environmental Price Performance
GFL traded up $0.17 during midday trading on Tuesday, hitting $45.95. The company had a trading volume of 546,127 shares, compared to its average volume of 1,205,324. GFL Environmental Inc. has a twelve month low of $28.50 and a twelve month high of $48.87. The company has a market capitalization of $18.08 billion, a PE ratio of -34.41 and a beta of 1.16. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.58 and a current ratio of 0.58. The firm's 50-day simple moving average is $43.14 and its 200-day simple moving average is $40.42.
GFL Environmental (NYSE:GFL - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.01. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.49 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. Equities research analysts predict that GFL Environmental Inc. will post 0.59 EPS for the current fiscal year.
GFL Environmental Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Wednesday, October 16th were issued a $0.014 dividend. This represents a $0.06 annualized dividend and a yield of 0.12%. The ex-dividend date of this dividend was Wednesday, October 16th. GFL Environmental's dividend payout ratio is -3.76%.
GFL Environmental Company Profile
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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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