GFL Environmental Inc. (NYSE:GFL) Shares Sold by Marshall Wace LLP

Marshall Wace LLP cut its holdings in GFL Environmental Inc. (NYSE:GFL) by 24.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,229,019 shares of the company’s stock after selling 406,685 shares during the quarter. Marshall Wace LLP’s holdings in GFL Environmental were worth $54,741,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Blue Trust Inc. raised its stake in GFL Environmental by 124.9% during the 4th quarter. Blue Trust Inc. now owns 551 shares of the company’s stock valued at $25,000 after acquiring an additional 306 shares during the last quarter. Berbice Capital Management LLC purchased a new position in GFL Environmental in the 4th quarter valued at $27,000. SRH Advisors LLC acquired a new position in GFL Environmental in the 4th quarter valued at $89,000. Steward Partners Investment Advisory LLC raised its position in GFL Environmental by 350.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,400 shares of the company’s stock worth $107,000 after buying an additional 1,867 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in shares of GFL Environmental by 6,717.9% in the 4th quarter. Venturi Wealth Management LLC now owns 2,659 shares of the company’s stock worth $118,000 after acquiring an additional 2,620 shares during the period. Institutional investors and hedge funds own 64.70% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on GFL. Scotiabank increased their price target on shares of GFL Environmental from $52.00 to $54.00 and gave the stock an “outperform” rating in a report on Tuesday, April 8th. Stifel Nicolaus raised GFL Environmental from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. UBS Group lifted their price target on GFL Environmental from $50.00 to $57.00 and gave the company a “buy” rating in a research note on Friday, April 4th. Raymond James set a $56.00 target price on GFL Environmental and gave the company an “outperform” rating in a report on Wednesday. Finally, Truist Financial upped their price target 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. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $52.00.

GFL Environmental Trading Down 0.1 %

NYSE:GFL opened at $48.49 on Friday. The company has a market capitalization of $19.07 billion, a PE ratio of -36.46 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 stock has a fifty day simple moving average of $46.72 and a 200-day simple moving average of $44.69. 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) last announced its earnings results on Monday, February 24th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.98 billion. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. On average, equities research analysts expect that GFL Environmental Inc. will post 0.58 earnings per share 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. Shareholders of record on Monday, April 14th will be issued a dividend of $0.0154 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.13%. This is a boost from GFL Environmental’s previous quarterly dividend of $0.01. GFL Environmental’s dividend payout ratio is -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.