GFL Environmental Inc. (NYSE:GFL) Shares Acquired by Assetmark Inc.

Assetmark Inc. raised its holdings in shares of GFL Environmental Inc. (NYSE:GFL – Get Rating) by 129.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,089 shares of the company’s stock after buying an additional 1,179 shares during the period. Assetmark Inc.’s holdings in GFL Environmental were worth $53,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GFL. Advisor Group Holdings Inc. lifted its position in GFL Environmental by 49.7% during the first quarter. Advisor Group Holdings Inc. now owns 11,312 shares of the company’s stock valued at $368,000 after buying an additional 3,758 shares in the last quarter. JPMorgan Chase & Co. lifted its position in GFL Environmental by 11.3% during the first quarter. JPMorgan Chase & Co. now owns 474,113 shares of the company’s stock valued at $15,428,000 after buying an additional 47,959 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of GFL Environmental by 1.9% during the first quarter. Bank of New York Mellon Corp now owns 168,448 shares of the company’s stock worth $5,482,000 after purchasing an additional 3,132 shares in the last quarter. Citigroup Inc. lifted its position in shares of GFL Environmental by 718.0% during the first quarter. Citigroup Inc. now owns 3,918 shares of the company’s stock worth $128,000 after purchasing an additional 3,439 shares in the last quarter. Finally, BlackRock Inc. lifted its position in shares of GFL Environmental by 67.9% during the first quarter. BlackRock Inc. now owns 4,132,297 shares of the company’s stock worth $134,465,000 after purchasing an additional 1,670,653 shares in the last quarter. 63.25% of the stock is owned by institutional investors and hedge funds.

GFL Environmental Stock Up 2.9 %

Shares of NYSE:GFL opened at $31.23 on Monday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.53. GFL Environmental Inc. has a 12-month low of $23.10 and a 12-month high of $34.16. The company has a fifty day simple moving average of $28.94 and a 200 day simple moving average of $27.77. The firm has a market cap of $10.72 billion, a PE ratio of -61.24 and a beta of 1.19.

GFL Environmental (NYSE:GFL – Get Rating) last released its earnings results on Wednesday, November 2nd. The company reported $0.15 earnings per share for the quarter, meeting the consensus estimate of $0.15. GFL Environmental had a negative net margin of 2.57% and a positive return on equity of 3.52%. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.26 billion. On average, equities research analysts anticipate that GFL Environmental Inc. will post 0.42 EPS for the current fiscal year.

GFL Environmental Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Wednesday, January 18th will be paid a dividend of $0.012 per share. The ex-dividend date of this dividend is Tuesday, January 17th. This represents a $0.05 annualized dividend and a yield of 0.15%. GFL Environmental’s payout ratio is -9.80%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Bank Of America (Bofa) raised shares of GFL Environmental to a “buy” rating in a research report on Friday, October 21st. TD Securities boosted their target price on shares of GFL Environmental from C$48.00 to C$51.00 in a research report on Friday, November 4th. Jefferies Financial Group reissued a “buy” rating and set a $41.00 target price on shares of GFL Environmental in a research report on Tuesday, October 25th. Bank of America raised shares of GFL Environmental from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $34.00 to $32.50 in a research report on Friday, October 21st. Finally, National Bank Financial dropped their price target on shares of GFL Environmental from C$53.00 to C$47.00 in a research note on Thursday, October 20th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $42.06.

GFL Environmental Profile

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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.