Marshall Wace LLP Reduces Stake in GFL Environmental Inc. (NYSE:GFL)

Marshall Wace LLP lessened its stake in shares of GFL Environmental Inc. (NYSE:GFL) by 24.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,229,019 shares of the company’s stock after selling 406,685 shares during the period. Marshall Wace LLP owned 0.31% of GFL Environmental worth $54,741,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of GFL. Erste Asset Management GmbH raised its holdings in GFL Environmental by 2.0% in the 4th quarter. Erste Asset Management GmbH now owns 13,371 shares of the company’s stock valued at $597,000 after buying an additional 261 shares during the period. Metis Global Partners LLC increased its position in shares of GFL Environmental by 5.4% during the fourth quarter. Metis Global Partners LLC now owns 5,790 shares of the company’s stock valued at $258,000 after acquiring an additional 298 shares during the last quarter. Blue Trust Inc. raised its stake 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. US Bancorp DE lifted its holdings in shares of GFL Environmental by 12.5% in the 4th quarter. US Bancorp DE now owns 2,890 shares of the company’s stock worth $129,000 after acquiring an additional 321 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its position in shares of GFL Environmental by 1.1% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 31,503 shares of the company’s stock worth $1,403,000 after purchasing an additional 351 shares during the period. Institutional investors and hedge funds own 64.70% of the company’s stock.

Analyst Ratings Changes

GFL has been the topic of a number of research reports. National Bankshares restated an “outperform” rating on shares of GFL Environmental in a research note on Tuesday, March 11th. Raymond James set a $56.00 target price on GFL Environmental and gave the company an “outperform” rating in a research report on Wednesday. UBS Group boosted their price target on shares of GFL Environmental from $50.00 to $57.00 and gave the stock a “buy” rating in a research note on Friday, April 4th. Citigroup lowered their price objective on shares of GFL Environmental from $56.00 to $53.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $53.00 target price on shares of GFL Environmental in a research note on Monday, February 24th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, GFL Environmental currently has a consensus rating of “Moderate Buy” and an average target price of $52.00.

GFL Environmental Stock Down 0.1 %

GFL Environmental stock opened at $48.49 on Friday. The stock has a market cap of $19.07 billion, a PE ratio of -36.46 and a beta of 1.09. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.58 and a quick ratio of 0.58. The stock’s fifty day moving average is $46.72 and its two-hundred day moving average is $44.69. GFL Environmental Inc. has a 1-year low of $30.57 and a 1-year high of $49.45.

GFL Environmental (NYSE:GFL) last announced its quarterly earnings results on Monday, February 24th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.13 by $0.03. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates 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, sell-side 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 paid a $0.0154 dividend. This represents a $0.06 annualized dividend and a yield of 0.13%. This is an increase from GFL Environmental’s previous quarterly dividend of $0.01. GFL Environmental’s dividend payout ratio is currently -3.87%.

About GFL Environmental

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.