Clarkston Capital Partners LLC trimmed its holdings in GFL Environmental Inc. (NYSE:GFL - Free Report) by 12.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,318,610 shares of the company's stock after selling 754,240 shares during the period. GFL Environmental accounts for approximately 4.5% of Clarkston Capital Partners LLC's holdings, making the stock its 7th largest position. Clarkston Capital Partners LLC owned about 1.35% of GFL Environmental worth $236,891,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the business. Blue Trust Inc. increased its holdings in shares of GFL Environmental by 124.9% during the 4th 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. Berbice Capital Management LLC acquired a new position in GFL Environmental during the fourth quarter valued at approximately $27,000. Continuum Advisory LLC raised its position in shares of GFL Environmental by 60.6% in the third quarter. Continuum Advisory LLC now owns 673 shares of the company's stock valued at $29,000 after purchasing an additional 254 shares during the period. SRH Advisors LLC acquired a new stake in shares of GFL Environmental in the fourth quarter worth $89,000. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of GFL Environmental by 350.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,400 shares of the company's stock worth $107,000 after buying an additional 1,867 shares during the last quarter. Institutional investors and hedge funds own 64.70% of the company's stock.
GFL Environmental Stock Performance
GFL stock traded up $0.14 during midday trading on Friday, hitting $47.64. The stock had a trading volume of 544,316 shares, compared to its average volume of 1,449,332. GFL Environmental Inc. has a 52 week low of $30.57 and a 52 week high of $49.35. 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 stock has a 50-day simple moving average of $46.41 and a 200 day simple moving average of $44.42. The firm has a market capitalization of $18.74 billion, a price-to-earnings ratio of -35.85 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 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $1.98 billion. As a group, equities research analysts anticipate that GFL Environmental Inc. will post 0.58 earnings per share for the current year.
GFL Environmental Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 14th will be issued a dividend of $0.0154 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.13%. This is an increase from GFL Environmental's previous quarterly dividend of $0.01. GFL Environmental's payout ratio is presently -3.87%.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on GFL shares. Stifel Nicolaus raised shares of GFL Environmental from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. Citigroup cut 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. Scotiabank raised their target price on GFL Environmental from $52.00 to $54.00 and gave the company an "outperform" rating in a report on Tuesday. Royal Bank of Canada reiterated an "outperform" rating and set a $53.00 price target on shares of GFL Environmental in a report on Monday, February 24th. Finally, National Bankshares restated an "outperform" rating on shares of GFL Environmental in a research note on Tuesday, March 11th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $51.25.
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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.
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