2 weeks Ago By ABMN Staff
Envestnet Asset Management Inc. grew its stake in GFL Environmental Inc. ( NYSE:GFL – Free Report ) by 16.
6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 207,157 shares of the company’s stock after buying an additional 29,467 shares during the period. Envestnet Asset Management Inc.
’s holdings in GFL Environmental were worth $9,227,000 as of its most recent filing with the Securities and Exchange Commission. Several other institutional investors and hedge funds have also made changes to their positions in the stock. Blue Trust Inc.
increased its position in shares of GFL Environmental by 124.9% in 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 period. Berbice Capital Management LLC acquired a new position in shares of GFL Environmental in the fourth quarter valued at about $27,000. SRH Advisors LLC purchased a new position in shares of GFL Environmental in the fourth quarter worth about $89,000.
Steward Partners Investment Advisory LLC lifted its holdings in shares of GFL Environmental by 350.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,400 shares of the company’s stock worth $107,000 after purchasing an additional 1,867 shares during the period.
Finally, Venturi Wealth Management LLC lifted its holdings in shares of GFL Environmental by 6,717.9% during the fourth quarter. Venturi Wealth Management LLC now owns 2,659 shares of the company’s stock worth $118,000 after purchasing an additional 2,620 shares during the period.
64.70% of the stock is currently owned by institutional investors and hedge funds. Analyst Upgrades and Downgrades Several brokerages recently weighed in on GFL.
National Bankshares reissued an “outperform” rating on shares of GFL Environmental in a research report on Tuesday, March 11th. Truist Financial raised their target price on shares of GFL Environmental from $54.00 to $58.
00 and gave the stock a “buy” rating in a report on Wednesday, April 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $53.00 price target on shares of GFL Environmental in a report on Monday, February 24th.
Raymond James set a $56.00 price objective on GFL Environmental and gave the company an “outperform” rating in a research note on Wednesday. Finally, Citigroup decreased their price objective on GFL Environmental from $56.
00 to $53.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock.
According to data from MarketBeat, GFL Environmental has an average rating of “Moderate Buy” and an average target price of $52.00. GFL Environmental Price Performance NYSE:GFL opened at $48.
49 on Friday. 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 Inc.
has a 52 week low of $30.57 and a 52 week high of $49.45.
The stock’s 50-day moving average price is $46.76 and its 200-day moving average price is $44.75.
The stock has a market capitalization of $19.07 billion, a PE ratio of -36.46 and a beta of 1.
09. GFL Environmental ( NYSE:GFL – Get Free Report ) last posted its quarterly earnings data on Monday, February 24th. The company reported $0.
16 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03.
GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%.
The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.98 billion.
As a group, equities analysts expect that GFL Environmental Inc. will post 0.58 EPS for the current fiscal year.
GFL Environmental Increases Dividend The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 14th will be given a dividend of $0.0154 per share.
This is a boost from GFL Environmental’s previous quarterly dividend of $0.01. This represents a $0.
06 dividend on an annualized basis and a yield of 0.13%. GFL Environmental’s dividend payout ratio is currently -3.
87%. GFL Environmental Company 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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