Teachers Retirement System of The State of Kentucky lessened its holdings in GFL Environmental Inc. (NYSE:GFL – Get Rating) by 23.1% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 122,532 shares of the company’s stock after selling 36,743 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in GFL Environmental were worth $3,987,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Massachusetts Financial Services Co. MA grew its stake in shares of GFL Environmental by 95.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,580,654 shares of the company’s stock worth $181,594,000 after purchasing an additional 2,730,406 shares during the period. Nordea Investment Management AB grew its stake in GFL Environmental by 5.4% in the 1st quarter. Nordea Investment Management AB now owns 5,332,907 shares of the company’s stock valued at $171,026,000 after acquiring an additional 273,914 shares during the period. Vanguard Group Inc. grew its stake in GFL Environmental by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 4,407,813 shares of the company’s stock valued at $143,430,000 after acquiring an additional 186,717 shares during the period. BlackRock Inc. grew its stake in GFL Environmental by 67.9% in the 1st quarter. BlackRock Inc. now owns 4,132,297 shares of the company’s stock valued at $134,465,000 after acquiring an additional 1,670,653 shares during the period. Finally, American Century Companies Inc. grew its stake in GFL Environmental by 37.1% in the 1st quarter. American Century Companies Inc. now owns 3,543,580 shares of the company’s stock valued at $115,308,000 after acquiring an additional 958,016 shares during the period. Institutional investors and hedge funds own 62.35% of the company’s stock.
GFL Environmental Trading Down 4.4 %
Shares of GFL stock opened at $28.02 on Monday. The stock’s fifty day moving average is $28.07 and its two-hundred day moving average is $28.98. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market capitalization of $9.48 billion, a P/E ratio of -43.11 and a beta of 1.28. GFL Environmental Inc. has a fifty-two week low of $24.00 and a fifty-two week high of $43.71.
GFL Environmental Dividend Announcement
Analysts Set New Price Targets
Separately, TD Securities lifted their price target on shares of GFL Environmental from C$53.00 to C$55.00 in a research note on Tuesday, August 2nd. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $48.00.
GFL Environmental Profile
GFL Environmental Inc operates as a diversified environmental services company in Canada and the United States. The company offers non-hazardous solid waste management, infrastructure and soil remediation, and liquid waste management services. Its solid waste management business line includes the collection, transportation, transfer, recycling, and disposal of non-hazardous solid waste for municipal, residential, and commercial and industrial customers.
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