GFL Environmental Inc. (NYSE:GFL) Shares Bought by Sei Investments Co.

Sei Investments Co. grew its position in GFL Environmental Inc. (NYSE:GFL) by 32.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 911,616 shares of the company’s stock after purchasing an additional 224,743 shares during the quarter. Sei Investments Co. owned about 0.23% of GFL Environmental worth $40,603,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in GFL. American Century Companies Inc. grew its stake in GFL Environmental by 40.4% during the 4th quarter. American Century Companies Inc. now owns 2,412,639 shares of the company’s stock worth $107,459,000 after buying an additional 693,884 shares during the last quarter. Erste Asset Management GmbH raised its stake in GFL Environmental by 2.0% in the fourth quarter. Erste Asset Management GmbH now owns 13,371 shares of the company’s stock valued at $597,000 after buying an additional 261 shares during the last quarter. Swiss National Bank increased its holdings in shares of GFL Environmental by 0.4% during the fourth quarter. Swiss National Bank now owns 664,600 shares of the company’s stock valued at $29,613,000 after acquiring an additional 2,700 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of GFL Environmental by 15.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,292,419 shares of the company’s stock valued at $57,541,000 after purchasing an additional 169,437 shares during the last quarter. Finally, Avantax Advisory Services Inc. boosted its stake in GFL Environmental by 9.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 8,237 shares of the company’s stock worth $367,000 after purchasing an additional 709 shares in the last quarter. 64.70% of the stock is owned by institutional investors and hedge funds.

GFL Environmental Price Performance

GFL Environmental stock opened at $48.05 on Tuesday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.58 and a current ratio of 0.58. The company’s fifty day moving average price is $45.14 and its 200 day moving average price is $43.73. The stock has a market capitalization of $18.90 billion, a P/E ratio of -36.13 and a beta of 1.16. GFL Environmental Inc. has a 1 year low of $30.57 and a 1 year high of $48.87.

GFL Environmental (NYSE:GFL) last released its earnings results on Monday, February 24th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.98 billion. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. As a group, equities research analysts anticipate that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Scotiabank upped their price target on shares of GFL Environmental from $50.00 to $52.00 and gave the company a “sector outperform” rating in a research note on Wednesday, March 5th. Citigroup initiated coverage on GFL Environmental in a research report on Monday, January 27th. They issued a “buy” rating and a $53.00 target price on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $53.00 price target on shares of GFL Environmental in a research report on Monday, February 24th. National Bankshares reissued an “outperform” rating on shares of GFL Environmental in a report on Tuesday, March 11th. Finally, Stifel Nicolaus raised GFL Environmental from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.