Clarkston Capital Partners LLC Sells 58,525 Shares of GFL Environmental Inc. (NYSE:GFL)

Clarkston Capital Partners LLC decreased its holdings in GFL Environmental Inc. (NYSE:GFL - Free Report) by 1.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,072,850 shares of the company's stock after selling 58,525 shares during the period. GFL Environmental makes up approximately 4.5% of Clarkston Capital Partners LLC's investment portfolio, making the stock its 6th largest position. Clarkston Capital Partners LLC owned about 1.61% of GFL Environmental worth $242,185,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of GFL. Capital Research Global Investors raised its holdings in GFL Environmental by 17.4% in the 1st quarter. Capital Research Global Investors now owns 19,851,514 shares of the company's stock valued at $684,877,000 after acquiring an additional 2,935,811 shares during the last quarter. Millennium Management LLC raised its holdings in GFL Environmental by 40.0% in the 2nd quarter. Millennium Management LLC now owns 5,649,169 shares of the company's stock valued at $219,922,000 after acquiring an additional 1,614,182 shares during the last quarter. Progeny 3 Inc. raised its holdings in GFL Environmental by 516.3% in the 2nd quarter. Progeny 3 Inc. now owns 893,300 shares of the company's stock valued at $34,776,000 after acquiring an additional 748,350 shares during the last quarter. Vanguard Group Inc. raised its holdings in GFL Environmental by 9.4% in the 1st quarter. Vanguard Group Inc. now owns 7,914,590 shares of the company's stock valued at $273,053,000 after acquiring an additional 683,120 shares during the last quarter. Finally, Maverick Capital Ltd. raised its holdings in GFL Environmental by 22.1% in the 2nd quarter. Maverick Capital Ltd. now owns 3,285,656 shares of the company's stock valued at $127,911,000 after acquiring an additional 595,259 shares during the last quarter. Institutional investors and hedge funds own 64.70% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GFL. Royal Bank of Canada raised their price target on shares of GFL Environmental from $46.00 to $48.00 and gave the stock an "outperform" rating in a report on Friday, August 2nd. Raymond James lifted their target price on shares of GFL Environmental from $47.00 to $50.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Scotiabank raised their price target on shares of GFL Environmental from $50.00 to $51.00 and gave the company a "sector outperform" rating in a research report on Friday, November 8th. Truist Financial raised their price target on shares of GFL Environmental from $46.00 to $54.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Finally, UBS Group raised their price target on shares of GFL Environmental from $47.00 to $50.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $45.80.

GFL Environmental Stock Up 2.4 %

Shares of GFL Environmental stock traded up $1.05 during trading on Monday, hitting $45.05. 866,862 shares of the stock were exchanged, compared to its average volume of 1,221,999. The stock has a market cap of $16.96 billion, a price-to-earnings ratio of -33.67 and a beta of 1.15. The firm's 50-day moving average price is $41.10 and its 200 day moving average price is $38.85. GFL Environmental Inc. has a 12-month low of $26.87 and a 12-month high of $46.48. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.58 and a quick ratio of 0.89.

GFL Environmental (NYSE:GFL - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.24 earnings per share for the quarter, beating analysts' consensus estimates of $0.23 by $0.01. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. The firm had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.49 billion. As a group, analysts forecast that GFL Environmental Inc. will post 0.6 earnings per share for the current fiscal year.

GFL Environmental Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Wednesday, October 16th were given a $0.014 dividend. The ex-dividend date was Wednesday, October 16th. This represents a $0.06 dividend on an annualized basis and a yield of 0.12%. GFL Environmental's dividend payout ratio (DPR) is presently -3.76%.

GFL Environmental Profile

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.