Jennison Associates LLC reduced its position in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 11.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,368,779 shares of the company's stock after selling 175,911 shares during the period. Jennison Associates LLC owned 0.35% of GFL Environmental worth $66,126,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Bessemer Group Inc. purchased a new position in GFL Environmental in the first quarter worth approximately $28,000. LRI Investments LLC purchased a new position in GFL Environmental in the first quarter worth approximately $34,000. Natixis purchased a new position in GFL Environmental in the fourth quarter worth approximately $49,000. Harbor Investment Advisory LLC purchased a new position in GFL Environmental in the first quarter worth approximately $53,000. Finally, Versant Capital Management Inc grew its position in GFL Environmental by 3,470.3% in the first quarter. Versant Capital Management Inc now owns 1,321 shares of the company's stock worth $64,000 after acquiring an additional 1,284 shares during the period. 64.70% of the stock is currently owned by hedge funds and other institutional investors.
GFL Environmental Stock Up 0.3%
NYSE:GFL traded up $0.14 during trading hours on Tuesday, hitting $47.16. The company's stock had a trading volume of 966,683 shares, compared to its average volume of 1,465,076. The stock has a market capitalization of $17.29 billion, a P/E ratio of 9.66 and a beta of 1.03. The stock has a fifty day moving average of $49.13 and a 200-day moving average of $47.29. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.89. GFL Environmental Inc. has a 52-week low of $37.00 and a 52-week high of $52.00.
GFL Environmental (NYSE:GFL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.10). GFL Environmental had a return on equity of 3.93% and a net margin of 36.01%. The firm had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.52 billion. The firm's revenue for the quarter was down 13.4% compared to the same quarter last year. On average, equities analysts forecast that GFL Environmental Inc. will post 0.58 earnings per share for the current year.
GFL Environmental Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, July 14th will be given a $0.0154 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.13%. GFL Environmental's payout ratio is currently 1.23%.
Analysts Set New Price Targets
A number of research analysts have commented on the company. National Bank Financial upgraded GFL Environmental to a "strong-buy" rating in a research note on Monday, May 26th. Seaport Res Ptn upgraded GFL Environmental to a "strong-buy" rating in a research note on Tuesday, May 6th. Scotiabank restated an "outperform" rating on shares of GFL Environmental in a research note on Monday, May 5th. Truist Financial upped their price target on GFL Environmental from $54.00 to $58.00 and gave the stock a "buy" rating in a research note on Wednesday, April 2nd. Finally, Raymond James Financial restated an "outperform" rating and set a $57.00 price target (up from $56.00) on shares of GFL Environmental in a research note on Friday, May 2nd. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $56.29.
Check Out Our Latest Analysis on GFL Environmental
GFL Environmental Company 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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