Addenda Capital Inc. trimmed its position in GFL Environmental Inc. (NYSE:GFL - Free Report) by 9.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 237,960 shares of the company's stock after selling 25,390 shares during the quarter. Addenda Capital Inc. owned approximately 0.06% of GFL Environmental worth $11,496,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Versant Capital Management Inc grew its stake in shares of GFL Environmental by 3,470.3% in the 1st quarter. Versant Capital Management Inc now owns 1,321 shares of the company's stock valued at $64,000 after buying an additional 1,284 shares in the last quarter. Wellington Management Group LLP bought a new position in GFL Environmental during the fourth quarter valued at about $93,343,000. Lansforsakringar Fondforvaltning AB publ acquired a new stake in shares of GFL Environmental in the fourth quarter worth about $2,203,000. Polar Asset Management Partners Inc. increased its holdings in shares of GFL Environmental by 241.7% during the 4th quarter. Polar Asset Management Partners Inc. now owns 119,951 shares of the company's stock valued at $5,344,000 after acquiring an additional 84,851 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in GFL Environmental by 74.2% in the 4th quarter. Mackenzie Financial Corp now owns 231,348 shares of the company's stock worth $10,302,000 after purchasing an additional 98,539 shares during the last quarter. Institutional investors and hedge funds own 64.70% of the company's stock.
GFL Environmental Price Performance
GFL stock traded down $0.16 during trading on Thursday, hitting $49.18. 304,779 shares of the stock traded hands, compared to its average volume of 1,484,895. The stock has a market cap of $18.03 billion, a price-to-earnings ratio of -36.98 and a beta of 1.08. GFL Environmental Inc. has a one year low of $35.91 and a one year high of $52.00. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.27. The company has a 50 day simple moving average of $48.64 and a 200 day simple moving average of $46.49.
GFL Environmental (NYSE:GFL - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.10). GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.52 billion. The company's quarterly revenue was down 13.4% compared to the same quarter last year. Equities analysts expect that GFL Environmental Inc. will post 0.58 EPS for the current fiscal year.
GFL Environmental Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, April 14th were paid a $0.0154 dividend. This is a positive change from GFL Environmental's previous quarterly dividend of $0.01. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.13%. GFL Environmental's dividend payout ratio (DPR) is 1.23%.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on GFL. National Bank Financial upgraded shares of GFL Environmental to a "strong-buy" rating in a report on Monday, May 26th. Royal Bank of Canada raised their target price on GFL Environmental from $53.00 to $56.00 and gave the company an "outperform" rating in a report on Monday, May 5th. Citigroup lifted their price target on GFL Environmental from $53.00 to $56.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Raymond James reissued an "outperform" rating and issued a $57.00 price objective (up from $56.00) on shares of GFL Environmental in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. assumed coverage on shares of GFL Environmental in a research report on Friday, May 23rd. They set a "neutral" rating and a $54.00 target price on the stock. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, GFL Environmental currently has an average rating of "Buy" and a consensus price target of $54.50.
Check Out Our Latest Stock Report on GFL Environmental
GFL Environmental Profile
(
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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