Verition Fund Management LLC increased its holdings in GFL Environmental Inc. (NYSE:GFL – Get Rating) by 2.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,480 shares of the company’s stock after buying an additional 1,041 shares during the quarter. Verition Fund Management LLC’s holdings in GFL Environmental were worth $1,545,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Advisory Services Network LLC bought a new position in GFL Environmental in the 1st quarter worth approximately $491,000. Neuberger Berman Group LLC grew its holdings in GFL Environmental by 23.4% in the 1st quarter. Neuberger Berman Group LLC now owns 1,811,877 shares of the company’s stock worth $58,958,000 after buying an additional 343,116 shares in the last quarter. Willis Investment Counsel bought a new position in GFL Environmental in the 1st quarter worth approximately $407,000. Portolan Capital Management LLC bought a new position in GFL Environmental in the 1st quarter worth approximately $10,649,000. Finally, Goldman Sachs Group Inc. grew its holdings in GFL Environmental by 204.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,035,930 shares of the company’s stock worth $66,250,000 after buying an additional 1,366,424 shares in the last quarter. 62.35% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Separately, TD Securities increased their price target on GFL Environmental from C$53.00 to C$55.00 in a research note on Tuesday, August 2nd. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $48.00.
GFL Environmental Price Performance
GFL Environmental Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Monday, July 18th were given a dividend of $0.012 per share. The ex-dividend date of this dividend was Friday, July 15th. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.17%. GFL Environmental’s dividend payout ratio (DPR) is presently -7.69%.
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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