Teachers Retirement System of The State of Kentucky decreased its holdings in shares of GFL Environmental Inc. (NYSE:GFL – Get Rating) by 23.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 122,532 shares of the company’s stock after selling 36,743 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in GFL Environmental were worth $3,987,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of GFL. Carroll Investors Inc increased its position in GFL Environmental by 7.4% during the first quarter. Carroll Investors Inc now owns 11,665 shares of the company’s stock valued at $370,000 after acquiring an additional 801 shares during the last quarter. First Hawaiian Bank increased its position in GFL Environmental by 13.8% during the first quarter. First Hawaiian Bank now owns 6,981 shares of the company’s stock valued at $227,000 after acquiring an additional 848 shares during the last quarter. Verition Fund Management LLC increased its position in GFL Environmental by 2.2% during the first quarter. Verition Fund Management LLC now owns 47,480 shares of the company’s stock valued at $1,545,000 after acquiring an additional 1,041 shares during the last quarter. Elequin Capital LP bought a new position in GFL Environmental during the first quarter valued at $44,000. Finally, Cibc World Market Inc. increased its position in GFL Environmental by 0.7% during the first quarter. Cibc World Market Inc. now owns 258,087 shares of the company’s stock valued at $8,398,000 after acquiring an additional 1,820 shares during the last quarter. Hedge funds and other institutional investors own 62.35% of the company’s stock.
GFL Environmental Trading Down 4.4 %
NYSE GFL opened at $28.02 on Monday. The company’s 50-day moving average price is $28.07 and its 200-day moving average price is $28.98. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 1.47. The stock has a market cap of $9.48 billion, a PE ratio of -43.11 and a beta of 1.28. GFL Environmental Inc. has a 12 month low of $24.00 and a 12 month high of $43.71.
GFL Environmental Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Monday, July 18th were issued a $0.012 dividend. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.17%. The ex-dividend date of this dividend was Friday, July 15th. GFL Environmental’s payout ratio is presently -7.69%.
Analyst Ratings Changes
Separately, TD Securities boosted their price objective on shares of GFL Environmental from C$53.00 to C$55.00 in a research report on Tuesday, August 2nd. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, GFL Environmental presently has an average rating of “Buy” and an average price target of $48.00.
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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