GFL Environmental Inc. $GFL Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. reduced its position in GFL Environmental Inc. (NYSE:GFL) by 11.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,840 shares of the company’s stock after selling 4,323 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in GFL Environmental were worth $1,708,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Millstone Evans Group LLC lifted its holdings in shares of GFL Environmental by 147.8% during the 1st quarter. Millstone Evans Group LLC now owns 560 shares of the company’s stock valued at $27,000 after purchasing an additional 334 shares during the last quarter. Bessemer Group Inc. purchased a new position in GFL Environmental during the 1st quarter worth $28,000. LRI Investments LLC acquired a new position in GFL Environmental during the 1st quarter valued at about $34,000. Caitong International Asset Management Co. Ltd acquired a new position in GFL Environmental during the 1st quarter valued at about $59,000. Finally, Oliver Lagore Vanvalin Investment Group purchased a new stake in GFL Environmental in the second quarter valued at about $90,000. 64.70% of the stock is owned by institutional investors and hedge funds.

GFL Environmental Price Performance

Shares of NYSE:GFL opened at $43.76 on Friday. GFL Environmental Inc. has a twelve month low of $41.18 and a twelve month high of $52.00. The company’s 50 day moving average is $46.84 and its 200 day moving average is $48.42. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.89. The company has a market cap of $15.90 billion, a PE ratio of 6.89 and a beta of 1.17.

GFL Environmental (NYSE:GFL) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.68 billion. GFL Environmental had a net margin of 48.53% and a return on equity of 3.71%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.29 EPS. On average, sell-side analysts forecast that GFL Environmental Inc. will post 0.58 EPS for the current year.

GFL Environmental Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be given a dividend of $0.0154 per share. The ex-dividend date is Wednesday, October 15th. This represents a $0.06 dividend on an annualized basis and a yield of 0.1%. GFL Environmental’s payout ratio is currently 0.94%.

Analyst Ratings Changes

GFL has been the topic of a number of research analyst reports. UBS Group dropped their price target on GFL Environmental from $63.00 to $58.00 and set a “buy” rating on the stock in a research note on Thursday, October 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of GFL Environmental in a research note on Wednesday, October 8th. Raymond James Financial set a $57.00 price target on shares of GFL Environmental and gave the company an “outperform” rating in a research note on Monday, October 6th. Scotiabank set a $58.00 price target on shares of GFL Environmental in a report on Friday, October 10th. Finally, Royal Bank Of Canada lifted their price objective on shares of GFL Environmental from $56.00 to $59.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $58.63.

About GFL Environmental

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.