Janus Henderson Group PLC cut its stake in GFL Environmental Inc. (NYSE:GFL - Free Report) by 77.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,000 shares of the company's stock after selling 67,000 shares during the period. Janus Henderson Group PLC's holdings in GFL Environmental were worth $888,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in shares of GFL Environmental by 124.9% during the fourth quarter. Blue Trust Inc. now owns 551 shares of the company's stock valued at $25,000 after purchasing an additional 306 shares in the last quarter. Berbice Capital Management LLC purchased a new stake in GFL Environmental during the fourth quarter worth $27,000. Natixis bought a new stake in GFL Environmental during the 4th quarter valued at $49,000. SRH Advisors LLC purchased a new position in shares of GFL Environmental in the 4th quarter valued at $89,000. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of GFL Environmental by 350.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,400 shares of the company's stock valued at $107,000 after acquiring an additional 1,867 shares during the period. Hedge funds and other institutional investors own 64.70% of the company's stock.
GFL Environmental Stock Performance
Shares of NYSE GFL traded down $0.40 during mid-day trading on Thursday, hitting $49.29. The stock had a trading volume of 838,474 shares, compared to its average volume of 1,520,214. The firm has a market cap of $18.07 billion, a PE ratio of -37.06 and a beta of 1.08. 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 company has a 50 day moving average of $48.53 and a two-hundred day moving average of $46.33. GFL Environmental Inc. has a twelve month low of $30.63 and a twelve month high of $52.00.
GFL Environmental (NYSE:GFL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported ($0.06) earnings per share 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 analyst estimates of $1.52 billion. GFL Environmental's revenue was down 13.4% compared to the same quarter last year. Research analysts predict 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. Investors of record on Monday, April 14th were issued a dividend of $0.0154 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.12%. This is a boost from GFL Environmental's previous quarterly dividend of $0.01. GFL Environmental's dividend payout ratio (DPR) is 1.23%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the company. Royal Bank of Canada upped their price objective on GFL Environmental from $53.00 to $56.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. National Bankshares reissued an "outperform" rating on shares of GFL Environmental in a research report on Tuesday, March 11th. National Bank Financial upgraded shares of GFL Environmental to a "strong-buy" rating in a report on Monday. JPMorgan Chase & Co. started coverage on shares of GFL Environmental in a research report on Friday, May 23rd. They issued a "neutral" rating and a $54.00 price objective on the stock. Finally, Seaport Res Ptn upgraded shares of GFL Environmental to a "strong-buy" rating in a research note on Tuesday, May 6th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $54.50.
Check Out Our Latest Stock Analysis on GFL
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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