CANADA LIFE ASSURANCE Co Has $4 Million Stock Holdings in GFL Environmental Inc. (NYSE:GFL)

CANADA LIFE ASSURANCE Co raised its holdings in GFL Environmental Inc. (NYSE:GFL) by 0.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 91,316 shares of the company’s stock after acquiring an additional 526 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in GFL Environmental were worth $3,998,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in GFL. Norges Bank acquired a new stake in shares of GFL Environmental in the fourth quarter worth $126,420,000. FMR LLC grew its position in GFL Environmental by 10.0% in the 4th quarter. FMR LLC now owns 27,664,678 shares of the company’s stock worth $1,233,223,000 after purchasing an additional 2,506,021 shares during the last quarter. Cohen & Steers Inc. bought a new position in shares of GFL Environmental during the 4th quarter worth about $51,505,000. Paralel Advisors LLC bought a new position in shares of GFL Environmental during the 4th quarter worth about $44,540,000. Finally, American Century Companies Inc. raised its position in shares of GFL Environmental by 40.4% during the fourth quarter. American Century Companies Inc. now owns 2,412,639 shares of the company’s stock valued at $107,459,000 after buying an additional 693,884 shares during the last quarter. 64.70% of the stock is owned by institutional investors.

GFL Environmental Stock Up 1.5 %

Shares of NYSE:GFL opened at $48.81 on Friday. The company has a market capitalization of $19.20 billion, a PE ratio of -36.70 and a beta of 1.09. 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 is $46.90 and its 200-day moving average is $44.97. GFL Environmental Inc. has a 52 week low of $30.57 and a 52 week high of $49.45.

GFL Environmental (NYSE:GFL) last issued 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. The firm had revenue of $1.42 billion for 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%. Equities research analysts predict that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 14th will be issued a dividend of $0.0154 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.13%. This is a boost from GFL Environmental’s previous quarterly dividend of $0.01. GFL Environmental’s dividend payout ratio (DPR) is currently -3.87%.

Analyst Ratings Changes

A number of research firms recently weighed in on GFL. Raymond James set a $56.00 target price on GFL Environmental and gave the stock an “outperform” rating in a research report on Wednesday, April 16th. Scotiabank boosted their price objective on GFL Environmental from $52.00 to $54.00 and gave the company an “outperform” rating in a research report on Tuesday, April 8th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $53.00 target price on shares of GFL Environmental in a research report on Monday, February 24th. Truist Financial lifted their price target on shares of GFL Environmental from $54.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, April 2nd. Finally, National Bankshares restated an “outperform” rating on shares of GFL Environmental in a research note on Tuesday, March 11th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.00.

About GFL Environmental

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.