CenterBook Partners LP lessened its holdings in GFL Environmental Inc. (NYSE:GFL - Free Report) by 87.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,408 shares of the company's stock after selling 163,507 shares during the period. CenterBook Partners LP's holdings in GFL Environmental were worth $998,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Continuum Advisory LLC grew its holdings in GFL Environmental by 60.6% during the 3rd quarter. Continuum Advisory LLC now owns 673 shares of the company's stock valued at $29,000 after buying an additional 254 shares during the last quarter. Erste Asset Management GmbH boosted its stake in shares of GFL Environmental by 2.0% during the fourth quarter. Erste Asset Management GmbH now owns 13,371 shares of the company's stock valued at $597,000 after acquiring an additional 261 shares during the last quarter. Metis Global Partners LLC increased its position in GFL Environmental by 5.4% during the 4th quarter. Metis Global Partners LLC now owns 5,790 shares of the company's stock worth $258,000 after purchasing an additional 298 shares in the last quarter. Blue Trust Inc. raised its stake in GFL Environmental by 124.9% in the 4th quarter. Blue Trust Inc. now owns 551 shares of the company's stock valued at $25,000 after purchasing an additional 306 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in GFL Environmental by 12.5% in the 4th quarter. US Bancorp DE now owns 2,890 shares of the company's stock valued at $129,000 after purchasing an additional 321 shares in the last quarter. 64.70% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on GFL shares. UBS Group boosted their price objective on shares of GFL Environmental from $50.00 to $57.00 and gave the company a "buy" rating in a research report on Friday, April 4th. National Bankshares reissued an "outperform" rating on shares of GFL Environmental in a research note on Tuesday, March 11th. Citigroup lowered their price objective on GFL Environmental from $56.00 to $53.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Scotiabank raised their price target on GFL Environmental from $52.00 to $54.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 8th. Finally, Truist Financial upped their price objective 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. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, GFL Environmental currently has an average rating of "Moderate Buy" and a consensus price target of $52.00.
Check Out Our Latest Research Report on GFL
GFL Environmental Stock Up 0.7 %
Shares of NYSE:GFL traded up $0.34 during midday trading on Thursday, hitting $48.89. 354,124 shares of the company's stock traded hands, compared to its average volume of 1,455,643. The firm's fifty day moving average price is $46.68 and its two-hundred day moving average price is $44.63. 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 Inc. has a twelve month low of $30.57 and a twelve month high of $49.45. The company has a market cap of $19.23 billion, a PE ratio of -36.75 and a beta of 1.09.
GFL Environmental (NYSE:GFL - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.03. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.98 billion. On average, equities research analysts anticipate that GFL Environmental Inc. will post 0.58 EPS for the current fiscal year.
GFL Environmental Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 14th will be given a $0.0154 dividend. 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 dividend payout ratio is presently -3.87%.
GFL Environmental Profile
(
Free Report)
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.
See Also
Before you consider GFL Environmental, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and GFL Environmental wasn't on the list.
While GFL Environmental currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you'll finally be able to invest in SpaceX, Starlink, or X.AI? Enter your email address to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
