Janus Henderson Group PLC Sells 67,000 Shares of GFL Environmental Inc. (NYSE:GFL)

Janus Henderson Group PLC reduced its stake in GFL Environmental Inc. (NYSE:GFL - Free Report) by 77.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 20,000 shares of the company's stock after selling 67,000 shares during the quarter. Janus Henderson Group PLC's holdings in GFL Environmental were worth $888,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GFL. Blue Trust Inc. lifted its holdings in shares of GFL Environmental by 124.9% during the fourth quarter. Blue Trust Inc. now owns 551 shares of the company's stock worth $25,000 after buying an additional 306 shares during the last quarter. Berbice Capital Management LLC acquired a new position in shares of GFL Environmental during the fourth quarter worth approximately $27,000. Natixis acquired a new position in shares of GFL Environmental during the fourth quarter worth approximately $49,000. SRH Advisors LLC acquired a new position in shares of GFL Environmental during the fourth quarter worth approximately $89,000. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of GFL Environmental by 350.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,400 shares of the company's stock worth $107,000 after buying an additional 1,867 shares during the last quarter. 64.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. National Bankshares restated an "outperform" rating on shares of GFL Environmental in a research note on Tuesday, March 11th. Royal Bank of Canada upped their target price on GFL Environmental from $53.00 to $56.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. JPMorgan Chase & Co. assumed coverage on GFL Environmental in a research note on Friday. They issued a "neutral" rating and a $54.00 target price for the company. Truist Financial upped their target price on GFL Environmental from $54.00 to $58.00 and gave the company a "buy" rating in a research note on Wednesday, April 2nd. Finally, Stifel Nicolaus upgraded GFL Environmental from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, GFL Environmental has an average rating of "Moderate Buy" and an average target price of $54.50.

GFL Environmental Price Performance

NYSE:GFL traded up $0.51 during trading hours on Tuesday, reaching $49.65. The company had a trading volume of 901,065 shares, compared to its average volume of 1,520,489. The stock has a 50-day moving average of $48.44 and a two-hundred day moving average of $46.25. GFL Environmental Inc. has a one year low of $30.57 and a one year high of $52.00. The firm has a market capitalization of $18.21 billion, a PE ratio of -37.33 and a beta of 1.08. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.27.

GFL Environmental (NYSE:GFL - Get Free Report) last announced its quarterly earnings results 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). The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.52 billion. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. The company's revenue for the quarter was down 13.4% compared to the same quarter last year. Analysts forecast that GFL Environmental Inc. will post 0.58 earnings per share for the current year.

GFL Environmental Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, April 14th were issued a $0.0154 dividend. This is a boost from GFL Environmental's previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a yield of 0.12%. GFL Environmental's dividend payout ratio (DPR) is currently 1.23%.

GFL Environmental Company Profile

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.