Massachusetts Financial Services Co. MA Sells 794,056 Shares of GFL Environmental Inc. (NYSE:GFL)

Massachusetts Financial Services Co. MA lessened its position in GFL Environmental Inc. (NYSE:GFL) by 6.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,023,570 shares of the company’s stock after selling 794,056 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 2.80% of GFL Environmental worth $490,990,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in GFL. Norges Bank bought a new position in GFL Environmental during the fourth quarter worth about $126,420,000. Soros Fund Management LLC raised its holdings in shares of GFL Environmental by 487.0% during the 3rd quarter. Soros Fund Management LLC now owns 3,156,327 shares of the company’s stock worth $125,874,000 after buying an additional 2,618,589 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of GFL Environmental by 40.4% in the 4th quarter. American Century Companies Inc. now owns 2,412,639 shares of the company’s stock valued at $107,459,000 after purchasing an additional 693,884 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in GFL Environmental in the fourth quarter valued at approximately $18,836,000. Finally, Geode Capital Management LLC raised its holdings in GFL Environmental by 38.7% in the 4th quarter. Geode Capital Management LLC now owns 1,274,496 shares of the company’s stock valued at $56,496,000 after buying an additional 355,790 shares during the last quarter. Institutional investors own 64.70% of the company’s stock.

GFL Environmental Trading Up 1.2 %

Shares of GFL Environmental stock opened at $48.34 on Thursday. The company’s fifty day simple moving average is $45.98 and its 200-day simple moving average is $44.11. GFL Environmental Inc. has a 1-year low of $30.57 and a 1-year high of $49.35. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.58 and a quick ratio of 0.58. The stock has a market capitalization of $19.02 billion, a PE ratio of -36.35 and a beta of 1.16.

GFL Environmental (NYSE:GFL) last announced its quarterly earnings results on Monday, February 24th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. The business 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%. As a group, equities analysts anticipate that GFL Environmental Inc. will post 0.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Stifel Nicolaus upgraded GFL Environmental from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. Scotiabank raised 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 report on Wednesday, March 5th. Citigroup increased their target price on shares of GFL Environmental from $51.00 to $56.00 and gave the company a “buy” rating in a report on Wednesday. National Bankshares reissued an “outperform” rating on shares of GFL Environmental in a research report on Tuesday, March 11th. Finally, Truist Financial boosted their price objective on GFL Environmental from $54.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, GFL Environmental presently has a consensus rating of “Moderate Buy” and an average target price of $50.50.

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.