GFL Environmental Inc. (NYSE:GFL) Shares Acquired by Korea Investment CORP

Korea Investment CORP lifted its position in GFL Environmental Inc. (NYSE:GFL) by 104.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 119,699 shares of the company’s stock after acquiring an additional 61,211 shares during the period. Korea Investment CORP’s holdings in GFL Environmental were worth $5,333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Soros Fund Management LLC increased its holdings in shares of GFL Environmental by 487.0% in the third quarter. Soros Fund Management LLC now owns 3,156,327 shares of the company’s stock valued at $125,874,000 after purchasing an additional 2,618,589 shares during the period. American Century Companies Inc. boosted its position in GFL Environmental by 40.4% in the fourth quarter. American Century Companies Inc. now owns 2,412,639 shares of the company’s stock valued at $107,459,000 after buying an additional 693,884 shares during the last quarter. Raymond James Financial Inc. acquired a new position in GFL Environmental in the 4th quarter worth approximately $18,836,000. Generate Investment Management Ltd purchased a new position in GFL Environmental during the 4th quarter worth approximately $15,041,000. Finally, Zimmer Partners LP acquired a new stake in GFL Environmental during the 3rd quarter valued at approximately $9,970,000. Hedge funds and other institutional investors own 64.70% of the company’s stock.

Analyst Ratings Changes

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

GFL Environmental Trading Up 1.3 %

Shares of GFL stock opened at $48.38 on Tuesday. GFL Environmental Inc. has a 1-year low of $30.57 and a 1-year high of $49.35. The company has a market cap of $19.03 billion, a price-to-earnings ratio of -36.37 and a beta of 1.16. 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 has a 50 day simple moving average of $45.73 and a 200-day simple moving average of $44.02.

GFL Environmental (NYSE:GFL) last issued its quarterly earnings results on Monday, February 24th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. The company had revenue of $1.42 billion during 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, equities research analysts expect that GFL Environmental Inc. will post 0.58 EPS for the current fiscal year.

GFL Environmental Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 13th were paid a $0.014 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date of this dividend was Monday, January 13th. GFL Environmental’s dividend payout ratio is presently -3.23%.

GFL Environmental 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.