XTX Topco Ltd Trims Holdings in GFL Environmental Inc. (NYSE:GFL)

XTX Topco Ltd reduced its holdings in shares of GFL Environmental Inc. (NYSE:GFL) by 80.5% in the third quarter, HoldingsChannel reports. The fund owned 6,379 shares of the company’s stock after selling 26,276 shares during the period. XTX Topco Ltd’s holdings in GFL Environmental were worth $254,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of GFL. Seven Grand Managers LLC purchased a new position in GFL Environmental in the 3rd quarter worth approximately $1,994,000. Harbor Capital Advisors Inc. raised its stake in shares of GFL Environmental by 115.3% in the third quarter. Harbor Capital Advisors Inc. now owns 49,566 shares of the company’s stock worth $1,977,000 after purchasing an additional 26,542 shares during the last quarter. FMR LLC raised its stake in shares of GFL Environmental by 7.4% in the third quarter. FMR LLC now owns 25,158,657 shares of the company’s stock worth $1,003,591,000 after purchasing an additional 1,728,598 shares during the last quarter. Copeland Capital Management LLC lifted its holdings in shares of GFL Environmental by 2.2% during the third quarter. Copeland Capital Management LLC now owns 921,377 shares of the company’s stock valued at $36,745,000 after purchasing an additional 19,675 shares in the last quarter. Finally, Forsta AP Fonden purchased a new stake in shares of GFL Environmental during the third quarter valued at $1,761,000. 64.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

GFL Environmental Trading Up 2.0 %

NYSE:GFL opened at $45.43 on Thursday. GFL Environmental Inc. has a one year low of $30.57 and a one year high of $48.87. The business has a fifty day moving average price of $43.86 and a 200-day moving average price of $41.05. The firm has a market capitalization of $17.87 billion, a price-to-earnings ratio of -34.16 and a beta of 1.16. 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 issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Sell-side analysts forecast that GFL Environmental Inc. will post 0.59 EPS for the current year.

GFL Environmental Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th were paid a dividend of $0.014 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date of this dividend was Wednesday, October 16th. 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.