GFL Environmental Inc. (NYSE:GFL) Shares Acquired by Man Group plc

Man Group plc boosted its holdings in GFL Environmental Inc. (NYSE:GFL - Free Report) by 16.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 293,165 shares of the company's stock after purchasing an additional 40,903 shares during the quarter. Man Group plc owned about 0.07% of GFL Environmental worth $13,058,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of GFL. Norges Bank acquired a new position in shares of GFL Environmental in the fourth quarter valued at approximately $126,420,000. Capital Research Global Investors increased its stake in shares of GFL Environmental by 11.4% during the fourth quarter. Capital Research Global Investors now owns 26,973,784 shares of the company's stock worth $1,201,406,000 after acquiring an additional 2,751,618 shares during the period. FMR LLC boosted its holdings in GFL Environmental by 10.0% in the 4th quarter. FMR LLC now owns 27,664,678 shares of the company's stock valued at $1,233,223,000 after purchasing an additional 2,506,021 shares in the last quarter. Cohen & Steers Inc. acquired a new position in GFL Environmental during the 4th quarter worth approximately $51,505,000. Finally, Paralel Advisors LLC purchased a new position in shares of GFL Environmental during the 4th quarter worth approximately $44,540,000. Institutional investors and hedge funds own 64.70% of the company's stock.

GFL Environmental Price Performance

Shares of GFL traded down $0.29 during trading hours on Wednesday, reaching $49.67. 1,505,163 shares of the company traded hands, compared to its average volume of 1,511,307. The stock has a market capitalization of $19.54 billion, a PE ratio of -37.35 and a beta of 1.08. The stock has a fifty day simple moving average of $48.25 and a 200 day simple moving average of $46.07. GFL Environmental Inc. has a fifty-two week low of $30.57 and a fifty-two week high of $52.00. 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 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). The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.52 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. The business's quarterly revenue was down 13.4% compared to the same quarter last year. As a group, 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 given a dividend of $0.0154 per share. This is an increase 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 is 1.23%.

Wall Street Analyst Weigh In

GFL has been the subject of several recent analyst reports. Stifel Nicolaus upgraded shares of GFL Environmental from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. UBS Group boosted their price target on GFL Environmental from $50.00 to $57.00 and gave the stock a "buy" rating in a research note on Friday, April 4th. Citigroup lifted their price objective on GFL Environmental from $53.00 to $56.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Scotiabank reissued an "outperform" rating on shares of GFL Environmental in a report on Monday, May 5th. Finally, Raymond James reaffirmed an "outperform" rating and set a $57.00 price target (up previously from $56.00) on shares of GFL Environmental in a research note on Friday, May 2nd. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $54.57.

GFL Environmental 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.