Copeland Capital Management LLC Has $24.55 Million Holdings in GFL Environmental Inc. $GFL

Copeland Capital Management LLC decreased its position in shares of GFL Environmental Inc. (NYSE:GFL) by 2.3% in the 1st quarter, Holdings Channel reports. The firm owned 588,489 shares of the company’s stock after selling 14,004 shares during the quarter. Copeland Capital Management LLC’s holdings in GFL Environmental were worth $24,552,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GFL. Jones Financial Companies Lllp raised its stake in GFL Environmental by 684.5% during the first quarter. Jones Financial Companies Lllp now owns 2,573 shares of the company’s stock worth $124,000 after buying an additional 2,245 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in GFL Environmental by 94.1% during the first quarter. Goldman Sachs Group Inc. now owns 714,438 shares of the company’s stock valued at $34,514,000 after acquiring an additional 346,394 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in GFL Environmental by 3.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 458,936 shares of the company’s stock valued at $22,171,000 after acquiring an additional 14,252 shares during the last quarter. Invesco Ltd. grew its holdings in GFL Environmental by 22.7% during the 2nd quarter. Invesco Ltd. now owns 86,967 shares of the company’s stock worth $4,388,000 after acquiring an additional 16,096 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in GFL Environmental by 43.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 727 shares of the company’s stock worth $37,000 after acquiring an additional 219 shares during the period. Institutional investors and hedge funds own 64.70% of the company’s stock.

GFL Environmental Trading Down 0.5%

NYSE:GFL opened at $39.45 on Friday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $14.15 billion, a price-to-earnings ratio of 123.27, a PEG ratio of 2.98 and a beta of 0.70. The firm has a fifty day simple moving average of $36.78 and a two-hundred day simple moving average of $40.30. GFL Environmental Inc. has a 12 month low of $33.33 and a 12 month high of $51.51.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. GFL Environmental had a net margin of 3.09% and a return on equity of 4.53%. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the firm posted ($0.09) earnings per share. The business’s revenue was up 5.4% compared to the same quarter last year. Analysts expect that GFL Environmental Inc. will post 0.56 EPS for the current fiscal year.

GFL Environmental Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 13th will be paid a $0.0169 dividend. The ex-dividend date is Monday, July 13th. This represents a $0.07 annualized dividend and a dividend yield of 0.2%. GFL Environmental’s dividend payout ratio (DPR) is currently 21.88%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GFL. Citigroup set a $51.00 price objective on GFL Environmental and gave the stock a “buy” rating in a research report on Monday, July 6th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of GFL Environmental in a research note on Wednesday, May 13th. Zacks Research downgraded GFL Environmental from a “strong-buy” rating to a “hold” rating in a report on Friday, May 22nd. JPMorgan Chase & Co. lifted their target price on GFL Environmental from $40.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday. Finally, Weiss Ratings lowered GFL Environmental from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday. Twelve research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.89.

GFL Environmental Profile

GFL Environmental Inc is a leading North American provider of diversified environmental services, offering comprehensive solutions across solid waste management, liquid waste management, soil remediation and infrastructure services. The company’s core business activities include residential, commercial and industrial waste collection, recycling, composting and landfill management. In addition to traditional waste services, GFL provides specialized liquid waste hauling, treatment and disposal services as well as environmental consulting to support industrial and municipal clients in meeting regulatory and sustainability goals.

Founded in 2007 by entrepreneur Patrick Dovigi, GFL Environmental has pursued an aggressive growth strategy driven by strategic acquisitions and organic expansion.