Janus Henderson Group PLC Acquires 81,300 Shares of GFL Environmental Inc. (NYSE:GFL)

Janus Henderson Group PLC increased its stake in GFL Environmental Inc. (NYSE:GFL) by 1,426.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 87,000 shares of the company’s stock after purchasing an additional 81,300 shares during the quarter. Janus Henderson Group PLC’s holdings in GFL Environmental were worth $3,467,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Truist Financial Corp grew its position in GFL Environmental by 1.8% in the second quarter. Truist Financial Corp now owns 15,463 shares of the company’s stock worth $602,000 after acquiring an additional 268 shares in the last quarter. Signaturefd LLC raised its position in shares of GFL Environmental by 23.5% during the 2nd quarter. Signaturefd LLC now owns 2,149 shares of the company’s stock valued at $84,000 after purchasing an additional 409 shares during the period. Fifth Third Bancorp grew its stake in GFL Environmental by 51.1% during the second quarter. Fifth Third Bancorp now owns 1,358 shares of the company’s stock valued at $53,000 after acquiring an additional 459 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of GFL Environmental by 3.2% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 21,597 shares of the company’s stock worth $838,000 after buying an additional 664 shares in the last quarter. Finally, Capital Insight Partners LLC lifted its holdings in shares of GFL Environmental by 2.4% in the 2nd quarter. Capital Insight Partners LLC now owns 35,650 shares of the company’s stock worth $1,388,000 after acquiring an additional 820 shares during the last quarter. Institutional investors own 64.70% of the company’s stock.

GFL Environmental Trading Down 1.0 %

Shares of NYSE GFL opened at $45.48 on Thursday. The stock’s 50 day moving average price is $43.26 and its two-hundred day moving average price is $40.53. GFL Environmental Inc. has a 52-week low of $28.83 and a 52-week high of $48.87. The stock has a market capitalization of $17.89 billion, a P/E ratio of -34.55 and a beta of 1.16. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.27.

GFL Environmental (NYSE:GFL) last posted its earnings results on Wednesday, November 6th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.23 by $0.01. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.49 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. On average, analysts anticipate that GFL Environmental Inc. will post 0.59 earnings per share for the current fiscal year.

GFL Environmental Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th were issued a $0.014 dividend. The ex-dividend date was Wednesday, October 16th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.12%. GFL Environmental’s payout ratio is currently -3.76%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. UBS Group lifted their price objective on shares of GFL Environmental from $47.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Truist Financial raised their target price on GFL Environmental from $46.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Raymond James increased their price target on GFL Environmental from $47.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Scotiabank raised their target price on GFL Environmental from $50.00 to $51.00 and gave the company a “sector outperform” rating in a report on Friday, November 8th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, GFL Environmental currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.80.

GFL Environmental 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.