Massachusetts Financial Services Co. MA trimmed its position in GFL Environmental Inc. (NYSE:GFL - Free Report) by 3.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,591,706 shares of the company's stock after selling 431,864 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 2.69% of GFL Environmental worth $511,685,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of GFL Environmental by 10.0% during 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. Capital Research Global Investors lifted its stake in GFL Environmental by 11.4% in the 4th quarter. Capital Research Global Investors now owns 26,973,784 shares of the company's stock valued at $1,201,406,000 after acquiring an additional 2,751,618 shares in the last quarter. Fred Alger Management LLC lifted its stake in GFL Environmental by 1.9% in the 4th quarter. Fred Alger Management LLC now owns 10,411,148 shares of the company's stock valued at $463,713,000 after acquiring an additional 190,018 shares in the last quarter. Vanguard Group Inc. lifted its stake in GFL Environmental by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 8,697,180 shares of the company's stock valued at $387,705,000 after acquiring an additional 217,096 shares in the last quarter. Finally, Soros Fund Management LLC lifted its stake in GFL Environmental by 1.5% in the 4th quarter. Soros Fund Management LLC now owns 3,203,904 shares of the company's stock valued at $142,702,000 after acquiring an additional 47,577 shares in the last quarter. Institutional investors own 64.70% of the company's stock.
GFL Environmental Price Performance
NYSE:GFL traded down $0.04 during trading hours on Friday, hitting $47.48. The company's stock had a trading volume of 355,389 shares, compared to its average volume of 1,460,669. The stock has a fifty day simple moving average of $49.17 and a 200-day simple moving average of $47.23. The company has a market capitalization of $17.41 billion, a P/E ratio of 9.73 and a beta of 1.03. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.82 and a quick ratio of 0.82. GFL Environmental Inc. has a twelve month low of $37.00 and a twelve month high of $52.00.
GFL Environmental (NYSE:GFL - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.10). The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.52 billion. GFL Environmental had a net margin of 36.01% and a return on equity of 3.93%. The firm's revenue was down 13.4% compared to the same quarter last year. On average, analysts anticipate that GFL Environmental Inc. will post 0.58 EPS for the current fiscal year.
GFL Environmental Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, July 14th will be given a dividend of $0.0154 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.13%. GFL Environmental's dividend payout ratio (DPR) is 1.23%.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on GFL. Raymond James Financial reiterated an "outperform" rating and set a $57.00 price objective (up previously from $56.00) on shares of GFL Environmental in a research note on Friday, May 2nd. Seaport Res Ptn raised GFL Environmental to a "strong-buy" rating in a report on Tuesday, May 6th. Royal Bank Of Canada boosted their target price on GFL Environmental from $53.00 to $56.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. JPMorgan Chase & Co. began coverage on GFL Environmental in a report on Friday, May 23rd. They set a "neutral" rating and a $54.00 target price on the stock. Finally, Citigroup upped their price objective on GFL Environmental from $53.00 to $56.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. One analyst has rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, GFL Environmental currently has a consensus rating of "Buy" and an average price target of $56.29.
Read Our Latest Analysis on GFL Environmental
About GFL Environmental
(
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.
Featured Articles
Before you consider GFL Environmental, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and GFL Environmental wasn't on the list.
While GFL Environmental currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access