TimesSquare Capital Management LLC Has $60.36 Million Holdings in GFL Environmental Inc. (NYSE:GFL)

TimesSquare Capital Management LLC cut its holdings in shares of GFL Environmental Inc. (NYSE:GFL) by 27.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,749,095 shares of the company’s stock after selling 646,385 shares during the quarter. TimesSquare Capital Management LLC’s holdings in GFL Environmental were worth $60,361,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in GFL. Massachusetts Financial Services Co. MA lifted its position in GFL Environmental by 55.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 12,543,970 shares of the company’s stock valued at $398,396,000 after purchasing an additional 4,490,164 shares during the period. Deutsche Bank AG increased its stake in shares of GFL Environmental by 1,143.9% in the 3rd quarter. Deutsche Bank AG now owns 2,811,835 shares of the company’s stock valued at $89,304,000 after acquiring an additional 2,585,786 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of GFL Environmental by 16.6% in the 4th quarter. Nordea Investment Management AB now owns 7,384,983 shares of the company’s stock valued at $256,259,000 after acquiring an additional 1,053,530 shares during the last quarter. Schonfeld Strategic Advisors LLC increased its stake in shares of GFL Environmental by 362.9% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 874,437 shares of the company’s stock valued at $27,772,000 after acquiring an additional 685,537 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake in shares of GFL Environmental by 36.2% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,850,000 shares of the company’s stock valued at $59,017,000 after acquiring an additional 492,000 shares during the last quarter. 64.70% of the stock is currently owned by institutional investors and hedge funds.

GFL Environmental Stock Down 1.6 %

Shares of NYSE GFL traded down $0.51 during trading hours on Thursday, hitting $32.16. The company had a trading volume of 1,122,420 shares, compared to its average volume of 1,158,912. The stock has a market capitalization of $11.94 billion, a P/E ratio of 51.22 and a beta of 1.15. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.29. GFL Environmental Inc. has a 1-year low of $26.87 and a 1-year high of $39.06. The firm’s 50 day moving average is $34.02 and its 200-day moving average is $32.79.

GFL Environmental (NYSE:GFL) last released its quarterly earnings data on Tuesday, February 20th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.14). The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.37 billion. GFL Environmental had a net margin of 1.25% and a return on equity of 4.51%. On average, analysts expect that GFL Environmental Inc. will post 0.7 earnings per share for the current fiscal year.

GFL Environmental Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th were issued a $0.014 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.17%. The ex-dividend date was Friday, April 12th. This is an increase from GFL Environmental’s previous quarterly dividend of $0.01.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. UBS Group assumed coverage on GFL Environmental in a research note on Wednesday, January 31st. They issued a “buy” rating and a $44.00 price target for the company. Wells Fargo & Company increased their target price on GFL Environmental from $30.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. Bank of America cut GFL Environmental from a “buy” rating to a “neutral” rating and set a $35.00 target price for the company. in a research note on Friday, January 19th. BMO Capital Markets increased their target price on GFL Environmental from $40.00 to $42.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. Finally, TheStreet raised GFL Environmental from a “d+” rating to a “c” rating in a research note on Tuesday, February 20th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $43.08.

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.