Verition Fund Management LLC raised its holdings in shares of GFL Environmental Inc. (NYSE:GFL – Get Rating) by 2.2% during the 1st quarter, HoldingsChannel reports. The fund owned 47,480 shares of the company's stock after purchasing an additional 1,041 shares during the period. Verition Fund Management LLC's holdings in GFL Environmental were worth $1,545,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of the business. Massachusetts Financial Services Co. MA grew its stake in GFL Environmental by 95.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,580,654 shares of the company's stock valued at $181,594,000 after acquiring an additional 2,730,406 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of GFL Environmental by 5.4% in the 1st quarter. Nordea Investment Management AB now owns 5,332,907 shares of the company's stock valued at $171,026,000 after buying an additional 273,914 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of GFL Environmental by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 4,407,813 shares of the company's stock valued at $143,430,000 after buying an additional 186,717 shares in the last quarter. BlackRock Inc. grew its stake in shares of GFL Environmental by 67.9% in the 1st quarter. BlackRock Inc. now owns 4,132,297 shares of the company's stock valued at $134,465,000 after buying an additional 1,670,653 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in shares of GFL Environmental by 37.1% in the 1st quarter. American Century Companies Inc. now owns 3,543,580 shares of the company's stock valued at $115,308,000 after buying an additional 958,016 shares in the last quarter. Hedge funds and other institutional investors own 62.35% of the company's stock.
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Analysts Set New Price Targets
Separately, TD Securities boosted their price target on GFL Environmental from C$53.00 to C$55.00 in a research note on Tuesday, August 2nd. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $48.00.
GFL Environmental Stock Up 1.4 %
Shares of GFL Environmental stock opened at $28.40 on Tuesday. The stock has a market capitalization of $9.61 billion, a P/E ratio of -43.69 and a beta of 1.28. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.47. The stock has a 50 day moving average price of $28.13 and a two-hundred day moving average price of $28.98. GFL Environmental Inc. has a 12-month low of $24.00 and a 12-month high of $43.71.
GFL Environmental Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Monday, July 18th were given a dividend of $0.012 per share. The ex-dividend date was Friday, July 15th. This represents a $0.05 dividend on an annualized basis and a yield of 0.17%. GFL Environmental's payout ratio is currently -7.69%.
GFL Environmental Profile
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GFL Environmental Inc operates as a diversified environmental services company in Canada and the United States. The company offers non-hazardous solid waste management, infrastructure and soil remediation, and liquid waste management services. Its solid waste management business line includes the collection, transportation, transfer, recycling, and disposal of non-hazardous solid waste for municipal, residential, and commercial and industrial customers.
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