Marshall Wace LLP Lowers Stock Holdings in GFL Environmental Inc. (NYSE:GFL)

Marshall Wace LLP decreased its holdings in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 24.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,229,019 shares of the company's stock after selling 406,685 shares during the period. Marshall Wace LLP owned approximately 0.31% of GFL Environmental worth $54,741,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in GFL. Public Employees Retirement System of Ohio acquired a new position in GFL Environmental during the 3rd quarter valued at about $627,000. Geode Capital Management LLC boosted its holdings in GFL Environmental by 7.7% during the third quarter. Geode Capital Management LLC now owns 918,706 shares of the company's stock worth $36,296,000 after purchasing an additional 65,449 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of GFL Environmental during the 3rd quarter worth approximately $174,000. Tidal Investments LLC boosted its stake in shares of GFL Environmental by 6.3% in the 3rd quarter. Tidal Investments LLC now owns 20,853 shares of the company's stock worth $832,000 after buying an additional 1,238 shares during the last quarter. Finally, BluePath Capital Management LLC purchased a new position in GFL Environmental in the fourth quarter worth $248,000. 64.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Royal Bank of Canada reiterated an "outperform" rating and set a $53.00 target price on shares of GFL Environmental in a research report on Monday, February 24th. Raymond James set a $56.00 target price on GFL Environmental and gave the stock an "outperform" rating in a research report on Wednesday, April 16th. National Bankshares reiterated an "outperform" rating on shares of GFL Environmental in a research report on Tuesday, March 11th. UBS Group raised their target price on GFL Environmental from $50.00 to $57.00 and gave the stock a "buy" rating in a research note on Friday, April 4th. Finally, Citigroup lowered their price target on shares of GFL Environmental from $56.00 to $53.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $52.00.

GFL Environmental Price Performance

Shares of GFL Environmental stock traded up $0.27 during trading on Wednesday, hitting $47.70. 493,667 shares of the stock traded hands, compared to its average volume of 1,467,930. The firm's fifty day moving average is $46.83 and its 200-day moving average is $44.89. The stock has a market cap of $18.76 billion, a price-to-earnings ratio of -35.86 and a beta of 1.09. GFL Environmental Inc. has a 52 week low of $30.57 and a 52 week high of $49.45. 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 data on Monday, February 24th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.03. The firm had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $1.98 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. Research analysts expect that GFL Environmental Inc. will post 0.58 EPS for the current fiscal year.

GFL Environmental Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 14th will be given a $0.0154 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.13%. This is a boost from GFL Environmental's previous quarterly dividend of $0.01. GFL Environmental's dividend payout ratio (DPR) is currently -3.87%.

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.