Sei Investments Co. Increases Stock Position in GFL Environmental Inc. (NYSE:GFL)

Sei Investments Co. grew its stake in GFL Environmental Inc. (NYSE:GFL) by 32.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 911,616 shares of the company’s stock after acquiring an additional 224,743 shares during the period. Sei Investments Co.’s holdings in GFL Environmental were worth $40,603,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Continuum Advisory LLC increased its holdings in GFL Environmental by 60.6% in the 3rd quarter. Continuum Advisory LLC now owns 673 shares of the company’s stock valued at $29,000 after purchasing an additional 254 shares during the last quarter. Erste Asset Management GmbH grew its stake in shares of GFL Environmental by 2.0% in the fourth 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 in the last quarter. Metis Global Partners LLC raised its holdings in shares of GFL Environmental by 5.4% in the 4th quarter. Metis Global Partners LLC now owns 5,790 shares of the company’s stock valued at $258,000 after buying an additional 298 shares during the period. Blue Trust Inc. lifted its stake in GFL Environmental by 124.9% during the 4th quarter. Blue Trust Inc. now owns 551 shares of the company’s stock worth $25,000 after acquiring an additional 306 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in GFL Environmental by 12.5% during the 4th quarter. US Bancorp DE now owns 2,890 shares of the company’s stock valued at $129,000 after acquiring an additional 321 shares during the period. 64.70% of the stock is currently owned by institutional investors and hedge funds.

GFL Environmental Trading Up 0.5 %

Shares of NYSE:GFL opened at $48.05 on Tuesday. GFL Environmental Inc. has a 52 week low of $30.57 and a 52 week high of $48.87. The company’s 50 day moving average is $45.14 and its two-hundred day moving average is $43.73. The company has a market cap of $18.90 billion, a PE ratio of -36.13 and a beta of 1.16. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.27.

GFL Environmental (NYSE:GFL) last posted its 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 firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.98 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. Equities analysts predict that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 13th were given a dividend of $0.014 per share. 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 brokerages have issued reports on GFL. National Bankshares reiterated an “outperform” rating on shares of GFL Environmental in a research note on Tuesday, March 11th. Citigroup started coverage on shares of GFL Environmental in a research note on Monday, January 27th. They set a “buy” rating and a $53.00 target price on the stock. Stifel Nicolaus raised shares of GFL Environmental from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. Royal Bank of Canada restated an “outperform” rating and issued a $53.00 price target on shares of GFL Environmental in a research note on Monday, February 24th. Finally, Scotiabank increased their price objective on GFL Environmental from $50.00 to $52.00 and gave the company a “sector outperform” rating in a research note on Wednesday, March 5th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.