Russell Investments Group Ltd. lowered its position in GFL Environmental Inc. (NYSE:GFL - Free Report) by 20.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 96,137 shares of the company's stock after selling 24,217 shares during the quarter. Russell Investments Group Ltd.'s holdings in GFL Environmental were worth $3,321,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jennison Associates LLC raised its holdings in GFL Environmental by 12.5% during the fourth quarter. Jennison Associates LLC now owns 1,332,961 shares of the company's stock worth $46,000,000 after purchasing an additional 147,954 shares in the last quarter. Verde Servicos Internacionais S.A. purchased a new stake in GFL Environmental in the fourth quarter valued at $12,992,000. Signaturefd LLC boosted its stake in GFL Environmental by 48.9% in the fourth quarter. Signaturefd LLC now owns 1,178 shares of the company's stock valued at $41,000 after acquiring an additional 387 shares in the last quarter. Kornitzer Capital Management Inc. KS grew its holdings in shares of GFL Environmental by 37.7% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 426,897 shares of the company's stock worth $14,732,000 after purchasing an additional 116,897 shares during the last quarter. Finally, Oliver Lagore Vanvalin Investment Group increased its position in shares of GFL Environmental by 60.1% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 1,209 shares of the company's stock worth $42,000 after purchasing an additional 454 shares in the last quarter. Institutional investors and hedge funds own 64.70% of the company's stock.
GFL Environmental Price Performance
NYSE:GFL traded up $0.12 during mid-day trading on Monday, hitting $32.44. 1,293,005 shares of the company's stock traded hands, compared to its average volume of 1,162,070. GFL Environmental Inc. has a 1 year low of $26.87 and a 1 year high of $39.06. The company has a market cap of $12.04 billion, a PE ratio of 50.48 and a beta of 1.15. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.84 and a current ratio of 0.84. The firm's 50 day simple moving average is $33.88 and its 200 day simple moving average is $32.85.
GFL Environmental (NYSE:GFL - Get Free Report) last posted its earnings results on Tuesday, February 20th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.14). GFL Environmental had a net margin of 1.25% and a return on equity of 4.51%. The company had revenue of $1.38 billion during the quarter, compared to analysts' expectations of $1.37 billion. Sell-side analysts expect that GFL Environmental Inc. will post 0.74 EPS for the current year.
GFL Environmental Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th were issued a $0.014 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.17%. This is a positive change from GFL Environmental's previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Friday, April 12th.
Wall Street Analyst Weigh In
GFL has been the topic of a number of research reports. TD Cowen raised their price target on GFL Environmental from $42.00 to $43.00 and gave the stock a "buy" rating in a research note on Monday, May 6th. UBS Group initiated coverage on shares of GFL Environmental in a report on Wednesday, January 31st. They issued a "buy" rating and a $44.00 target price on the stock. Bank of America downgraded shares of GFL Environmental from a "buy" rating to a "neutral" rating and set a $35.00 price objective on the stock. in a research report on Friday, January 19th. Jefferies Financial Group upped their target price on shares of GFL Environmental from $46.00 to $51.00 and gave the company a "buy" rating in a report on Monday, March 18th. Finally, Royal Bank of Canada initiated coverage on GFL Environmental in a report on Monday, April 8th. They set an "outperform" rating and a $46.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, GFL Environmental has an average rating of "Moderate Buy" and a consensus target price of $43.08.
Check Out Our Latest Stock Analysis on GFL Environmental
GFL Environmental Company Profile
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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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