Van ECK Associates Corp Has $2.48 Million Stock Holdings in GFL Environmental Inc. (NYSE:GFL)

Posted by Defense World Staff on Aug 3rd, 2023

Van ECK Associates Corp cut its position in GFL Environmental Inc. (NYSE:GFL – Free Report) by 22.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,017 shares of the company’s stock after selling 20,853 shares during the period. Van ECK Associates Corp’s holdings in GFL Environmental were worth $2,480,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in GFL. Advisor Group Holdings Inc. grew its stake in shares of GFL Environmental by 49.7% in the 1st quarter. Advisor Group Holdings Inc. now owns 11,312 shares of the company’s stock valued at $368,000 after buying an additional 3,758 shares during the period. JPMorgan Chase & Co. lifted its position in GFL Environmental by 11.3% in the 1st quarter. JPMorgan Chase & Co. now owns 474,113 shares of the company’s stock valued at $15,428,000 after acquiring an additional 47,959 shares in the last quarter. Bank of New York Mellon Corp lifted its position in GFL Environmental by 1.9% in the 1st quarter. Bank of New York Mellon Corp now owns 168,448 shares of the company’s stock valued at $5,482,000 after acquiring an additional 3,132 shares in the last quarter. Citigroup Inc. lifted its position in GFL Environmental by 718.0% in the 1st quarter. Citigroup Inc. now owns 3,918 shares of the company’s stock valued at $128,000 after acquiring an additional 3,439 shares in the last quarter. Finally, BlackRock Inc. lifted its position in GFL Environmental by 67.9% in the 1st quarter. BlackRock Inc. now owns 4,132,297 shares of the company’s stock valued at $134,465,000 after acquiring an additional 1,670,653 shares in the last quarter. 66.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on GFL shares. TD Securities raised their price target on shares of GFL Environmental from $58.00 to $59.00 and gave the company a “buy” rating in a research report on Thursday, July 20th. Royal Bank of Canada raised their price target on shares of GFL Environmental from $39.00 to $43.00 and gave the company an “outperform” rating in a research report on Monday, May 1st. Finally, Raymond James raised their price target on shares of GFL Environmental from $40.00 to $41.00 and gave the company an “outperform” rating in a research report on Friday, July 21st. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, GFL Environmental currently has a consensus rating of “Buy” and a consensus target price of $42.75.

Check Out Our Latest Research Report on GFL

GFL Environmental Price Performance

Shares of NYSE GFL opened at $33.54 on Thursday. The stock has a market capitalization of $11.52 billion, a P/E ratio of -39.00 and a beta of 1.16. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.77 and a quick ratio of 1.50. GFL Environmental Inc. has a 1 year low of $23.10 and a 1 year high of $39.06. The company’s 50-day moving average is $37.07 and its 200 day moving average is $34.64.

GFL Environmental Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Monday, July 17th were given a dividend of $0.013 per share. The ex-dividend date was Friday, July 14th. This represents a $0.05 dividend on an annualized basis and a yield of 0.16%. GFL Environmental’s dividend payout ratio (DPR) is -5.81%.

GFL Environmental Company Profile

(Free Report)

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.