GFL Environmental Inc. (NYSE:GFL) Shares Acquired by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of GFL Environmental Inc. (NYSE:GFLFree Report) by 3.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 463,216 shares of the company’s stock after purchasing an additional 14,625 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.12% of GFL Environmental worth $15,983,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Public Sector Pension Investment Board lifted its stake in GFL Environmental by 2.3% during the third quarter. Public Sector Pension Investment Board now owns 446,656 shares of the company’s stock valued at $14,249,000 after buying an additional 10,177 shares in the last quarter. Deutsche Bank AG lifted its position in shares of GFL Environmental by 1,143.9% in the 3rd quarter. Deutsche Bank AG now owns 2,811,835 shares of the company’s stock valued at $89,304,000 after acquiring an additional 2,585,786 shares in the last quarter. Hudson Bay Capital Management LP boosted its stake in GFL Environmental by 1.6% in the 3rd quarter. Hudson Bay Capital Management LP now owns 386,000 shares of the company’s stock worth $12,259,000 after purchasing an additional 6,000 shares during the period. Vanguard Group Inc. grew its position in GFL Environmental by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 7,154,314 shares of the company’s stock worth $227,221,000 after purchasing an additional 140,719 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in GFL Environmental by 16.6% during the 4th quarter. Nordea Investment Management AB now owns 7,384,983 shares of the company’s stock valued at $256,259,000 after purchasing an additional 1,053,530 shares during the period. Institutional investors and hedge funds own 64.70% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. BMO Capital Markets cut GFL Environmental from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $43.00 to $42.00 in a research report on Tuesday. TD Cowen lifted their target price on GFL Environmental from $42.00 to $43.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Jefferies Financial Group upped their target price on GFL Environmental from $46.00 to $51.00 and gave the company a “buy” rating in a report on Monday, March 18th. Finally, Royal Bank of Canada started coverage on shares of GFL Environmental in a report on Monday, April 8th. They set an “outperform” rating and a $46.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, GFL Environmental presently has an average rating of “Moderate Buy” and a consensus price target of $43.08.

Get Our Latest Research Report on GFL

GFL Environmental Stock Down 1.6 %

GFL Environmental stock opened at $38.73 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.29. GFL Environmental Inc. has a 1-year low of $26.87 and a 1-year high of $40.27. The firm’s fifty day simple moving average is $35.26 and its 200-day simple moving average is $34.63. The company has a market capitalization of $14.58 billion, a P/E ratio of 61.44 and a beta of 1.16.

GFL Environmental Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th will be issued a dividend of $0.014 per share. The ex-dividend date is Monday, July 15th. This represents a $0.06 annualized dividend and a yield of 0.14%.

GFL Environmental Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for GFL Environmental (NYSE:GFL)

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