GFL Environmental Inc. (NYSE:GFL) Shares Sold by Cerity Partners LLC

Cerity Partners LLC lessened its stake in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 46.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,369 shares of the company's stock after selling 9,779 shares during the period. Cerity Partners LLC's holdings in GFL Environmental were worth $506,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of GFL. Erste Asset Management GmbH grew its holdings in shares of GFL Environmental by 2.0% during the 4th 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 period. Metis Global Partners LLC boosted its stake in GFL Environmental by 5.4% during the fourth 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. increased 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 valued at $25,000 after acquiring an additional 306 shares during the last quarter. US Bancorp DE raised its stake 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 valued at $129,000 after acquiring an additional 321 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its holdings in shares of GFL Environmental by 1.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 31,503 shares of the company's stock worth $1,403,000 after acquiring an additional 351 shares during the last quarter. Institutional investors and hedge funds own 64.70% of the company's stock.

GFL Environmental Stock Up 0.1 %

NYSE:GFL traded up $0.03 during mid-day trading on Friday, hitting $48.84. The stock had a trading volume of 675,685 shares, compared to its average volume of 1,470,084. GFL Environmental Inc. has a twelve month low of $30.57 and a twelve month high of $49.45. The stock has a 50-day simple moving average of $46.90 and a two-hundred day simple moving average of $44.97. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $19.21 billion, a PE ratio of -36.74 and a beta of 1.09.

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

GFL Environmental Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 14th will be given a dividend of $0.0154 per share. This represents a $0.06 annualized dividend 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 (DPR) is -3.87%.

Wall Street Analysts Forecast Growth

GFL has been the topic of a number of research analyst reports. Scotiabank boosted their target price on GFL Environmental from $52.00 to $54.00 and gave the company an "outperform" rating in a research report on Tuesday, April 8th. Royal Bank of Canada reiterated an "outperform" rating and issued a $53.00 price objective on shares of GFL Environmental in a report on Monday, February 24th. UBS Group increased their target price on GFL Environmental from $50.00 to $57.00 and gave the stock a "buy" rating in a research note on Friday, April 4th. National Bankshares reaffirmed an "outperform" rating on shares of GFL Environmental in a research report on Tuesday, March 11th. Finally, Citigroup lowered their price objective 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. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, GFL Environmental has a consensus rating of "Moderate Buy" and a consensus target price of $52.00.

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.