Primecap Management Co. CA Has $34.44 Million Stock Holdings in GFL Environmental Inc. (NYSE:GFL)

Primecap Management Co. CA increased its stake in GFL Environmental Inc. (NYSE:GFLFree Report) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 997,900 shares of the company’s stock after purchasing an additional 13,200 shares during the quarter. Primecap Management Co. CA’s holdings in GFL Environmental were worth $34,438,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of GFL. Raymond James Financial Services Advisors Inc. grew its holdings in shares of GFL Environmental by 35.6% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 12,632 shares of the company’s stock valued at $401,000 after buying an additional 3,313 shares in the last quarter. Barclays PLC grew its position in GFL Environmental by 19.8% during the third quarter. Barclays PLC now owns 16,070 shares of the company’s stock valued at $510,000 after purchasing an additional 2,654 shares in the last quarter. Quantbot Technologies LP acquired a new position in GFL Environmental in the 3rd quarter valued at approximately $464,000. Norwood Investment Partners LP lifted its position in GFL Environmental by 4.1% in the 3rd quarter. Norwood Investment Partners LP now owns 525,005 shares of the company’s stock worth $16,674,000 after buying an additional 20,505 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of GFL Environmental by 55.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 12,543,970 shares of the company’s stock valued at $398,396,000 after buying an additional 4,490,164 shares during the period. Institutional investors and hedge funds own 64.70% of the company’s stock.

GFL Environmental Price Performance

Shares of GFL Environmental stock traded down $0.22 during midday trading on Friday, reaching $31.06. The company had a trading volume of 767,523 shares, compared to its average volume of 1,167,486. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.29. The stock has a fifty day simple moving average of $33.27 and a 200 day simple moving average of $33.03. GFL Environmental Inc. has a 1-year low of $26.87 and a 1-year high of $39.06. The company has a market capitalization of $11.53 billion, a price-to-earnings ratio of 48.53 and a beta of 1.15.

GFL Environmental Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th were given a dividend of $0.014 per share. The ex-dividend date was Friday, April 12th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.18%. This is an increase from GFL Environmental’s previous quarterly dividend of $0.01.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. BMO Capital Markets increased their price objective on GFL Environmental from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. TheStreet upgraded GFL Environmental from a “d+” rating to a “c” rating in a report on Tuesday, February 20th. Jefferies Financial Group increased their price target on shares of GFL Environmental from $46.00 to $51.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Royal Bank of Canada started coverage on GFL Environmental in a report on Monday, April 8th. They set an “outperform” rating and a $46.00 price target on the stock. Finally, TD Cowen boosted their price objective on GFL Environmental from $42.00 to $43.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $43.08.

Read Our Latest Research Report on GFL

About GFL Environmental

(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.

Read More

Want to see what other hedge funds are holding GFL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GFL Environmental Inc. (NYSE:GFLFree Report).

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

Receive News & Ratings for GFL Environmental Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GFL Environmental and related companies with MarketBeat.com's FREE daily email newsletter.