TCW Group Inc. Boosts Stock Holdings in GFL Environmental Inc. (NYSE:GFL)

TCW Group Inc. grew its position in shares of GFL Environmental Inc. (NYSE:GFL) by 14.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,746 shares of the company’s stock after buying an additional 3,148 shares during the quarter. TCW Group Inc.’s holdings in GFL Environmental were worth $1,102,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in GFL Environmental by 124.9% in the fourth quarter. Blue Trust Inc. now owns 551 shares of the company’s stock worth $25,000 after purchasing an additional 306 shares during the last quarter. Berbice Capital Management LLC purchased a new stake in GFL Environmental in the fourth quarter worth approximately $27,000. Continuum Advisory LLC boosted its holdings in GFL Environmental by 60.6% in the third quarter. Continuum Advisory LLC now owns 673 shares of the company’s stock worth $29,000 after purchasing an additional 254 shares during the last quarter. Avior Wealth Management LLC purchased a new stake in GFL Environmental in the third quarter worth approximately $82,000. Finally, SRH Advisors LLC purchased a new stake in GFL Environmental in the fourth quarter worth approximately $89,000. Hedge funds and other institutional investors own 64.70% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. UBS Group raised their target price on shares of GFL Environmental from $47.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Royal Bank of Canada reiterated an “outperform” rating and issued a $53.00 price target on shares of GFL Environmental in a research report on Monday. Scotiabank decreased their price target on shares of GFL Environmental from $51.00 to $50.00 and set a “sector outperform” rating on the stock in a research report on Monday, January 27th. Truist Financial increased their price target on shares of GFL Environmental from $46.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Raymond James increased their price target on shares of GFL Environmental from $47.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, GFL Environmental currently has a consensus rating of “Moderate Buy” and an average target price of $49.56.

GFL Environmental Stock Down 0.8 %

Shares of GFL stock opened at $45.96 on Tuesday. The company has a market capitalization of $18.08 billion, a price-to-earnings ratio of -34.56 and a beta of 1.17. GFL Environmental Inc. has a one year low of $30.57 and a one year high of $48.87. The company’s fifty day moving average price is $44.44 and its 200-day moving average price is $43.09. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.58 and a quick ratio of 0.58.

GFL Environmental (NYSE:GFL) last announced its quarterly earnings data on Monday, February 24th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.13 by $0.03. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. Sell-side analysts expect that GFL Environmental Inc. will post 0.58 EPS for the current fiscal year.

GFL Environmental Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 13th were given a dividend of $0.014 per share. The ex-dividend date was Monday, January 13th. This represents a $0.06 annualized dividend and a dividend yield of 0.12%. GFL Environmental’s payout ratio is -3.76%.

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.