TCW Group Inc. Buys 3,148 Shares of GFL Environmental Inc. (NYSE:GFL)

TCW Group Inc. raised its stake in GFL Environmental Inc. (NYSE:GFL) by 14.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,746 shares of the company’s stock after acquiring an additional 3,148 shares during the period. TCW Group Inc.’s holdings in GFL Environmental were worth $1,102,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. First Horizon Advisors Inc. increased its holdings in GFL Environmental by 17.3% in the 4th quarter. First Horizon Advisors Inc. now owns 5,371 shares of the company’s stock valued at $239,000 after acquiring an additional 792 shares during the last quarter. FDx Advisors Inc. increased its holdings in GFL Environmental by 5.5% in the 4th quarter. FDx Advisors Inc. now owns 11,782 shares of the company’s stock valued at $525,000 after acquiring an additional 616 shares during the last quarter. Key Financial Inc increased its holdings in GFL Environmental by 90.9% in the 4th quarter. Key Financial Inc now owns 3,043 shares of the company’s stock valued at $136,000 after acquiring an additional 1,449 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in GFL Environmental by 6,717.9% in the 4th quarter. Venturi Wealth Management LLC now owns 2,659 shares of the company’s stock valued at $118,000 after acquiring an additional 2,620 shares during the last quarter. Finally, Truist Financial Corp grew its stake in shares of GFL Environmental by 16.8% in the 4th quarter. Truist Financial Corp now owns 35,475 shares of the company’s stock worth $1,580,000 after buying an additional 5,090 shares in the last quarter. 64.70% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GFL. 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 note on Thursday, November 7th. Citigroup began coverage on shares of GFL Environmental in a research note on Monday, January 27th. They issued a “buy” rating and a $53.00 price objective for the company. Scotiabank dropped their price objective on shares of GFL Environmental from $51.00 to $50.00 and set a “sector outperform” rating for the company in a research note on Monday, January 27th. Royal Bank of Canada reissued an “outperform” rating and issued a $53.00 price objective on shares of GFL Environmental in a research note on Monday. Finally, Raymond James lifted their price objective on shares of GFL Environmental from $47.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, GFL Environmental currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.56.

GFL Environmental Price Performance

GFL stock opened at $45.96 on Tuesday. GFL Environmental Inc. has a 12 month low of $30.57 and a 12 month high of $48.87. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.27. The company has a 50-day moving average price of $44.44 and a 200 day moving average price of $43.09. The stock has a market cap of $18.08 billion, a PE ratio of -34.56 and a beta of 1.17.

GFL Environmental (NYSE:GFL) last released its quarterly earnings results on Monday, February 24th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates 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%. Equities research analysts anticipate that GFL Environmental Inc. will post 0.58 earnings per share for the current year.

GFL Environmental Dividend Announcement

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

About GFL Environmental

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.