Nuveen Asset Management LLC boosted its position in GFL Environmental Inc. (NYSE:GFL - Free Report) by 32.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 489,476 shares of the company's stock after purchasing an additional 119,994 shares during the period. Nuveen Asset Management LLC owned about 0.12% of GFL Environmental worth $21,805,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the company. FMR LLC grew its position in GFL Environmental by 10.0% in the 4th quarter. FMR LLC now owns 27,664,678 shares of the company's stock worth $1,233,223,000 after purchasing an additional 2,506,021 shares in the last quarter. Capital Research Global Investors grew its position 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 worth $1,201,406,000 after purchasing an additional 2,751,618 shares in the last quarter. Fred Alger Management LLC grew its position 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 worth $463,713,000 after purchasing an additional 190,018 shares in the last quarter. Vanguard Group Inc. grew its position in GFL Environmental by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 8,697,180 shares of the company's stock worth $387,705,000 after purchasing an additional 217,096 shares in the last quarter. Finally, Soros Fund Management LLC grew its position 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 worth $142,702,000 after purchasing an additional 47,577 shares in the last quarter. 64.70% of the stock is owned by institutional investors.
GFL Environmental Price Performance
Shares of NYSE GFL traded up $0.51 during mid-day trading on Tuesday, reaching $49.65. 901,065 shares of the company were exchanged, compared to its average volume of 1,520,489. GFL Environmental Inc. has a 52 week low of $30.57 and a 52 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. The stock has a market capitalization of $18.21 billion, a PE ratio of -37.33 and a beta of 1.08. The company's 50 day moving average price is $48.44 and its 200 day moving average price is $46.25.
GFL Environmental (NYSE:GFL - Get Free Report) last posted its quarterly earnings data 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). GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.52 billion. The firm's quarterly revenue was down 13.4% on a year-over-year basis. Sell-side analysts forecast that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.
GFL Environmental Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, April 14th were issued 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 dividend on an annualized basis and a dividend yield of 0.12%. GFL Environmental's payout ratio is currently 1.23%.
Analyst Ratings Changes
A number of equities research analysts have issued reports on GFL shares. Stifel Nicolaus raised shares of GFL Environmental from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. Citigroup raised their price objective on shares of GFL Environmental from $53.00 to $56.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. Scotiabank reiterated an "outperform" rating on shares of GFL Environmental in a research note on Monday, May 5th. Truist Financial increased their target price on shares of GFL Environmental from $54.00 to $58.00 and gave the stock a "buy" rating in a research note on Wednesday, April 2nd. Finally, National Bankshares reiterated an "outperform" rating on shares of GFL Environmental in a research note on Tuesday, March 11th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $54.50.
Read 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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