Teachers Retirement System of The State of Kentucky lessened its position in shares of GFL Environmental Inc. (NYSE:GFL) by 4.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 196,739 shares of the company’s stock after selling 8,646 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in GFL Environmental were worth $5,741,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in GFL. Arrowstreet Capital Limited Partnership acquired a new stake in GFL Environmental during the 3rd quarter valued at approximately $385,000. JPMorgan Chase & Co. acquired a new stake in shares of GFL Environmental during the 3rd quarter worth approximately $42,000. Morgan Stanley grew its position in shares of GFL Environmental by 103.0% during the 3rd quarter. Morgan Stanley now owns 953,265 shares of the company’s stock worth $20,266,000 after buying an additional 483,649 shares during the period. Great West Life Assurance Co. Can grew its position in shares of GFL Environmental by 39.3% during the 3rd quarter. Great West Life Assurance Co. Can now owns 481,311 shares of the company’s stock worth $10,208,000 after buying an additional 135,723 shares during the period. Finally, Schonfeld Strategic Advisors LLC grew its position in shares of GFL Environmental by 122.8% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 62,500 shares of the company’s stock worth $1,329,000 after buying an additional 34,445 shares during the period. 58.06% of the stock is owned by institutional investors and hedge funds.
Several analysts have recently commented on the stock. The Goldman Sachs Group assumed coverage on shares of GFL Environmental in a research report on Wednesday. They set a “neutral” rating and a $37.00 price objective for the company. Barclays initiated coverage on shares of GFL Environmental in a research report on Friday, January 29th. They set an “equal weight” rating for the company. TD Securities increased their target price on GFL Environmental from $39.00 to $41.00 and gave the stock a “hold” rating in a report on Wednesday, March 17th. Raymond James increased their target price on GFL Environmental from $33.00 to $35.00 and gave the stock an “outperform” rating in a report on Tuesday, March 23rd. Finally, CIBC increased their target price on GFL Environmental from $42.00 to $47.00 and gave the stock an “outperform” rating in a report on Tuesday, March 16th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $34.90.
GFL Environmental (NYSE:GFL) last released its earnings results on Sunday, February 21st. The company reported $0.04 EPS for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.03. The business had revenue of $948.17 million for the quarter, compared to the consensus estimate of $954.62 million. As a group, research analysts expect that GFL Environmental Inc. will post 0.04 earnings per share for the current fiscal year.
About GFL Environmental
GFL Environmental Inc operates as a diversified environmental services company in Canada and the United States. The company offers non-hazardous solid waste management, infrastructure and soil remediation, and liquid waste management services. Its solid waste management business line includes the collection, transportation, transfer, recycling, and disposal of non-hazardous solid waste for municipal, residential, and commercial and industrial customers.
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