Massachusetts Financial Services Co. MA Acquires 257,486 Shares of GFL Environmental Inc. (NYSE:GFL)

Massachusetts Financial Services Co. MA increased its holdings in GFL Environmental Inc. (NYSE:GFL) by 2.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 11,817,626 shares of the company’s stock after acquiring an additional 257,486 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in GFL Environmental were worth $471,287,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of GFL Environmental by 9.4% during the 1st quarter. Vanguard Group Inc. now owns 7,914,590 shares of the company’s stock worth $273,053,000 after acquiring an additional 683,120 shares during the last quarter. UniSuper Management Pty Ltd raised its stake in shares of GFL Environmental by 63.2% in the first quarter. UniSuper Management Pty Ltd now owns 3,100 shares of the company’s stock worth $107,000 after buying an additional 1,200 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in shares of GFL Environmental by 36.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 79,721 shares of the company’s stock valued at $2,746,000 after acquiring an additional 21,254 shares during the period. Toronto Dominion Bank increased its holdings in GFL Environmental by 33.8% in the 1st quarter. Toronto Dominion Bank now owns 74,152 shares of the company’s stock worth $2,558,000 after acquiring an additional 18,742 shares in the last quarter. Finally, Hood River Capital Management LLC raised its stake in GFL Environmental by 77.7% during the 1st quarter. Hood River Capital Management LLC now owns 319,325 shares of the company’s stock worth $11,017,000 after acquiring an additional 139,631 shares during the period. 64.70% of the stock is currently owned by institutional investors.

GFL Environmental Trading Up 1.1 %

Shares of NYSE GFL opened at $45.77 on Friday. The stock has a market capitalization of $17.23 billion, a P/E ratio of -34.41 and a beta of 1.15. GFL Environmental Inc. has a 1-year low of $26.87 and a 1-year high of $46.48. The business’s 50 day moving average is $41.52 and its two-hundred day moving average is $39.11. 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 (NYSE:GFL) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. As a group, research analysts expect that GFL Environmental Inc. will post 0.59 EPS for the current year.

GFL Environmental Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th were given a dividend of $0.014 per share. The ex-dividend date of this dividend was Wednesday, October 16th. This represents a $0.06 annualized dividend and a dividend yield of 0.12%. GFL Environmental’s dividend payout ratio (DPR) is presently -4.51%.

Analysts Set New Price Targets

Several brokerages have recently commented on GFL. Truist Financial raised their price objective on shares of GFL Environmental from $46.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Raymond James boosted their price objective on GFL Environmental from $47.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Scotiabank upped their price objective on GFL Environmental from $50.00 to $51.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 8th. UBS Group lifted their target price on GFL Environmental from $47.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Royal Bank of Canada upped their price target on GFL Environmental from $46.00 to $48.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.80.

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.