Mackenzie Financial Corp Grows Holdings in GFL Environmental Inc. (NYSE:GFL)

Mackenzie Financial Corp grew its position in GFL Environmental Inc. (NYSE:GFL - Free Report) by 74.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 231,348 shares of the company's stock after buying an additional 98,539 shares during the period. Mackenzie Financial Corp owned approximately 0.06% of GFL Environmental worth $10,302,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Public Employees Retirement System of Ohio boosted its stake in GFL Environmental by 21.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 18,985 shares of the company's stock worth $846,000 after purchasing an additional 3,295 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in GFL Environmental by 151.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 444,684 shares of the company's stock worth $19,806,000 after buying an additional 267,932 shares in the last quarter. Squarepoint Ops LLC lifted its position in GFL Environmental by 42.2% during the 4th quarter. Squarepoint Ops LLC now owns 28,895 shares of the company's stock worth $1,287,000 after buying an additional 8,580 shares in the last quarter. Silvercrest Asset Management Group LLC lifted its position in GFL Environmental by 10.2% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 17,268 shares of the company's stock worth $769,000 after buying an additional 1,601 shares in the last quarter. Finally, Polar Asset Management Partners Inc. lifted its position in GFL Environmental by 241.7% during the 4th quarter. Polar Asset Management Partners Inc. now owns 119,951 shares of the company's stock worth $5,344,000 after buying an additional 84,851 shares in the last quarter. Institutional investors and hedge funds own 64.70% of the company's stock.

GFL Environmental Stock Performance

GFL traded up $1.18 on Friday, reaching $50.43. The company had a trading volume of 1,686,527 shares, compared to its average volume of 1,523,439. GFL Environmental Inc. has a fifty-two week low of $32.55 and a fifty-two week high of $52.00. The stock has a market cap of $18.49 billion, a P/E ratio of -37.92 and a beta of 1.08. The company's fifty day moving average is $48.57 and its 200 day moving average is $46.40. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.58 and a current ratio of 0.58.

GFL Environmental (NYSE:GFL - Get Free Report) last announced 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 positive return on equity of 3.50% and a negative net margin of 7.54%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.52 billion. The business's revenue was down 13.4% on a year-over-year basis. As a group, analysts predict 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 was paid on Wednesday, April 30th. Shareholders of record on Monday, April 14th were given a dividend of $0.0154 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.12%. This is a positive change from GFL Environmental's previous quarterly dividend of $0.01. GFL Environmental's dividend payout ratio is presently 1.23%.

Analyst Upgrades and Downgrades

GFL has been the topic of several analyst reports. Truist Financial boosted their price target on shares of GFL Environmental from $54.00 to $58.00 and gave the stock a "buy" rating in a research report on Wednesday, April 2nd. Scotiabank reaffirmed an "outperform" rating on shares of GFL Environmental in a report on Monday, May 5th. Royal Bank of Canada upped their target price on shares of GFL Environmental from $53.00 to $56.00 and gave the company an "outperform" rating in a report on Monday, May 5th. UBS Group upped their target price on shares of GFL Environmental from $50.00 to $57.00 and gave the company a "buy" rating in a report on Friday, April 4th. Finally, Raymond James reaffirmed an "outperform" rating and issued a $57.00 target price (up from $56.00) on shares of GFL Environmental in a report on Friday, May 2nd. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, GFL Environmental presently has a consensus rating of "Buy" and an average price target of $54.50.

About GFL Environmental

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.