Primecap Management Co. CA Has $46.82 Million Stock Holdings in GFL Environmental Inc. (NYSE:GFL)

Primecap Management Co. CA lessened its holdings in GFL Environmental Inc. (NYSE:GFL) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,051,200 shares of the company’s stock after selling 3,000 shares during the quarter. Primecap Management Co. CA owned 0.27% of GFL Environmental worth $46,820,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of GFL. Fred Alger Management LLC boosted its holdings in shares of GFL Environmental by 64.3% in the 3rd quarter. Fred Alger Management LLC now owns 10,221,130 shares of the company’s stock valued at $407,619,000 after purchasing an additional 3,999,363 shares in the last quarter. Soros Fund Management LLC boosted its holdings in shares of GFL Environmental by 487.0% in the 3rd quarter. Soros Fund Management LLC now owns 3,156,327 shares of the company’s stock valued at $125,874,000 after purchasing an additional 2,618,589 shares in the last quarter. FMR LLC boosted its holdings in shares of GFL Environmental by 7.4% in the 3rd quarter. FMR LLC now owns 25,158,657 shares of the company’s stock valued at $1,003,591,000 after purchasing an additional 1,728,598 shares in the last quarter. Brown Brothers Harriman & Co. boosted its holdings in shares of GFL Environmental by 162.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,271,161 shares of the company’s stock valued at $50,694,000 after purchasing an additional 786,044 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of GFL Environmental during the 4th quarter valued at $18,836,000. Institutional investors and hedge funds own 64.70% of the company’s stock.

GFL Environmental Stock Up 0.7 %

Shares of NYSE:GFL opened at $46.64 on Wednesday. The firm has a market cap of $18.35 billion, a P/E ratio of -35.07 and a beta of 1.16. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.27. GFL Environmental Inc. has a 12-month low of $30.57 and a 12-month high of $48.87. The business has a fifty day simple moving average of $44.86 and a 200 day simple moving average of $43.55.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings data on Monday, February 24th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.03. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.98 billion. Analysts predict that GFL Environmental Inc. will post 0.58 earnings per share for the current year.

GFL Environmental Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 13th were given a $0.014 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.12%. The ex-dividend date of this dividend was Monday, January 13th. GFL Environmental’s dividend payout ratio (DPR) is presently -3.23%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on GFL shares. Scotiabank raised their price objective on GFL Environmental from $50.00 to $52.00 and gave the company a “sector outperform” rating in a report on Wednesday, March 5th. Stifel Nicolaus raised GFL Environmental from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. National Bankshares reissued an “outperform” rating on shares of GFL Environmental in a report on Tuesday, March 11th. Royal Bank of Canada reissued an “outperform” rating and set a $53.00 price objective on shares of GFL Environmental in a report on Monday, February 24th. Finally, Citigroup started coverage on GFL Environmental in a report on Monday, January 27th. They set a “buy” rating and a $53.00 price objective on the stock. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has an average 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.