Mitsubishi UFJ Trust & Banking Corp Has $65.16 Million Stock Position in GFL Environmental Inc. (NYSE:GFL)

Mitsubishi UFJ Trust & Banking Corp cut its holdings in shares of GFL Environmental Inc. (NYSE:GFL) by 45.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,459,305 shares of the company’s stock after selling 1,215,337 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in GFL Environmental were worth $65,164,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of GFL Environmental by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 8,697,180 shares of the company’s stock worth $387,705,000 after buying an additional 217,096 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of GFL Environmental by 23.3% in the fourth quarter. LPL Financial LLC now owns 128,253 shares of the company’s stock worth $5,712,000 after acquiring an additional 24,200 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of GFL Environmental by 32.7% in the fourth quarter. Sei Investments Co. now owns 911,616 shares of the company’s stock worth $40,603,000 after acquiring an additional 224,743 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of GFL Environmental by 40.4% in the 4th quarter. American Century Companies Inc. now owns 2,412,639 shares of the company’s stock valued at $107,459,000 after purchasing an additional 693,884 shares in the last quarter. Finally, Erste Asset Management GmbH grew its holdings in shares of GFL Environmental by 2.0% during the 4th quarter. Erste Asset Management GmbH now owns 13,371 shares of the company’s stock valued at $597,000 after purchasing an additional 261 shares during the last quarter. Institutional investors and hedge funds own 64.70% of the company’s stock.

GFL Environmental Stock Performance

Shares of GFL stock opened at $48.63 on Wednesday. The stock has a market capitalization of $19.13 billion, a PE ratio of -36.56 and a beta of 1.16. The business’s 50 day simple moving average is $45.24 and its 200 day simple moving average is $43.79. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.58 and a quick ratio of 0.58. GFL Environmental Inc. has a one year low of $30.57 and a one year high of $49.00.

GFL Environmental (NYSE:GFL) 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 negative net margin of 7.54% and a positive return on equity of 3.50%. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.98 billion. As a group, research analysts forecast that GFL Environmental Inc. will post 0.58 earnings per share for the current year.

GFL Environmental Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 13th were given a $0.014 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.12%. The ex-dividend date was Monday, January 13th. GFL Environmental’s dividend payout ratio (DPR) is presently -3.23%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on GFL shares. Stifel Nicolaus upgraded shares of GFL Environmental from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. Citigroup assumed coverage on GFL Environmental in a research report on Monday, January 27th. They set a “buy” rating and a $53.00 price objective on the stock. National Bankshares reiterated an “outperform” rating on shares of GFL Environmental in a research report on Tuesday, March 11th. Scotiabank boosted their price target on GFL Environmental from $50.00 to $52.00 and gave the stock a “sector outperform” rating in a report on Wednesday, March 5th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $53.00 price objective on shares of GFL Environmental in a report on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $49.63.

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.