Brasada Capital Management LP Sells 12,647 Shares of GFL Environmental Inc. (NYSE:GFL)

Brasada Capital Management LP lessened its position in GFL Environmental Inc. (NYSE:GFL - Free Report) by 11.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 97,102 shares of the company's stock after selling 12,647 shares during the period. Brasada Capital Management LP's holdings in GFL Environmental were worth $4,293,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Erste Asset Management GmbH grew its stake in shares of GFL Environmental by 2.0% in the fourth quarter. Erste Asset Management GmbH now owns 13,371 shares of the company's stock worth $597,000 after purchasing an additional 261 shares during the last quarter. Metis Global Partners LLC lifted its holdings in GFL Environmental by 5.4% in the 4th quarter. Metis Global Partners LLC now owns 5,790 shares of the company's stock worth $258,000 after buying an additional 298 shares during the period. Blue Trust Inc. grew its position in shares of GFL Environmental by 124.9% in the 4th quarter. Blue Trust Inc. now owns 551 shares of the company's stock worth $25,000 after buying an additional 306 shares during the last quarter. US Bancorp DE grew its position in shares of GFL Environmental by 12.5% in the 4th quarter. US Bancorp DE now owns 2,890 shares of the company's stock worth $129,000 after buying an additional 321 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its stake in shares of GFL Environmental by 1.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 31,503 shares of the company's stock valued at $1,403,000 after buying an additional 351 shares during the period. Hedge funds and other institutional investors own 64.70% of the company's stock.

Analysts Set New Price Targets

GFL has been the topic of several recent analyst reports. National Bankshares reiterated an "outperform" rating on shares of GFL Environmental in a report on Tuesday, March 11th. Truist Financial lifted their target price on shares of GFL Environmental from $54.00 to $58.00 and gave the company a "buy" rating in a research note on Wednesday, April 2nd. Citigroup decreased their price target on shares of GFL Environmental from $56.00 to $53.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $53.00 price objective on shares of GFL Environmental in a research report on Monday, February 24th. Finally, Stifel Nicolaus upgraded GFL Environmental from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $52.00.

GFL Environmental Stock Performance

Shares of GFL opened at $47.42 on Wednesday. GFL Environmental Inc. has a 52 week low of $30.57 and a 52 week high of $49.45. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.27. The stock has a market cap of $18.65 billion, a P/E ratio of -35.65 and a beta of 1.09. The business's 50 day moving average price is $46.83 and its 200-day moving average price is $44.89.

GFL Environmental (NYSE:GFL - Get Free Report) last released its 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 for the quarter, compared to the consensus estimate of $1.98 billion. Equities research analysts anticipate that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Increases Dividend

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

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.

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