GFL Environmental Inc. (NYSE:GFL) Shares Sold by Advisory Services Network LLC

Advisory Services Network LLC trimmed its holdings in shares of GFL Environmental Inc. (NYSE:GFL) by 75.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,006 shares of the company’s stock after selling 24,219 shares during the quarter. Advisory Services Network LLC’s holdings in GFL Environmental were worth $357,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Blue Trust Inc. boosted its position in shares of GFL Environmental by 124.9% during the fourth quarter. Blue Trust Inc. now owns 551 shares of the company’s stock worth $25,000 after buying an additional 306 shares during the period. Berbice Capital Management LLC purchased a new position in GFL Environmental during the 4th quarter valued at about $27,000. SRH Advisors LLC acquired a new position in GFL Environmental in the 4th quarter valued at about $89,000. Steward Partners Investment Advisory LLC lifted its position in shares of GFL Environmental by 350.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,400 shares of the company’s stock worth $107,000 after purchasing an additional 1,867 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in shares of GFL Environmental by 6,717.9% in the fourth quarter. Venturi Wealth Management LLC now owns 2,659 shares of the company’s stock valued at $118,000 after purchasing an additional 2,620 shares in the last quarter. 64.70% of the stock is currently owned by hedge funds and other institutional investors.

GFL Environmental Price Performance

Shares of GFL opened at $48.49 on Friday. The company has a market capitalization of $19.07 billion, a price-to-earnings ratio of -36.46 and a beta of 1.09. GFL Environmental Inc. has a fifty-two week low of $30.57 and a fifty-two week high of $49.45. The firm has a 50-day simple moving average of $46.72 and a 200-day simple moving average of $44.69. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.58 and a current ratio of 0.58.

GFL Environmental (NYSE:GFL) last released its quarterly earnings results on Monday, February 24th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.98 billion. On average, equities research analysts anticipate that GFL Environmental Inc. will post 0.58 earnings per share for the current year.

GFL Environmental Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 14th will be paid a dividend of $0.0154 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.13%. This is a positive change from GFL Environmental’s previous quarterly dividend of $0.01. GFL Environmental’s payout ratio is -3.87%.

Analyst Upgrades and Downgrades

GFL has been the subject of a number of recent research reports. Citigroup decreased their target price on GFL Environmental from $56.00 to $53.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Scotiabank raised their price objective on shares of GFL Environmental from $52.00 to $54.00 and gave the company an “outperform” rating in a report on Tuesday, April 8th. National Bankshares reiterated an “outperform” rating on shares of GFL Environmental in a research note on Tuesday, March 11th. Stifel Nicolaus upgraded GFL Environmental from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. Finally, Truist Financial increased their price objective on GFL Environmental from $54.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, April 2nd. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, GFL Environmental presently has a consensus rating of “Moderate Buy” and an average price target of $52.00.

GFL Environmental 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.