Copeland Capital Management LLC Has $40.34 Million Stake in GFL Environmental Inc. (NYSE:GFL)

Copeland Capital Management LLC decreased its position in GFL Environmental Inc. (NYSE:GFL - Free Report) by 1.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 905,583 shares of the company's stock after selling 15,794 shares during the quarter. Copeland Capital Management LLC owned about 0.23% of GFL Environmental worth $40,335,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Blue Trust Inc. grew its holdings 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 buying an additional 306 shares during the period. Berbice Capital Management LLC acquired a new position in shares of GFL Environmental in the 4th quarter valued at $27,000. Continuum Advisory LLC grew its stake in shares of 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 period. Spartan Fund Management Inc. purchased a new position in shares of GFL Environmental in the 3rd quarter worth $60,000. Finally, Avior Wealth Management LLC acquired a new position in GFL Environmental in the third quarter valued at $82,000. 64.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Truist Financial raised their price objective on GFL Environmental from $46.00 to $54.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Scotiabank reduced their target price on shares of GFL Environmental from $51.00 to $50.00 and set a "sector outperform" rating on the stock in a report on Monday, January 27th. Citigroup initiated coverage on GFL Environmental in a research report on Monday, January 27th. They issued a "buy" rating and a $53.00 price objective on the stock. Raymond James upped their target price on GFL Environmental from $47.00 to $50.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Finally, UBS Group raised their target price on GFL Environmental from $47.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $47.50.

GFL Environmental Price Performance

Shares of NYSE:GFL traded up $0.87 during trading hours on Wednesday, hitting $45.05. 692,270 shares of the company's stock traded hands, compared to its average volume of 1,951,184. GFL Environmental Inc. has a 52 week low of $30.57 and a 52 week high of $48.87. The company's fifty day simple moving average is $44.43 and its two-hundred day simple moving average is $42.39. The company has a market cap of $17.72 billion, a price-to-earnings ratio of -33.86 and a beta of 1.17. 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 (NYSE:GFL - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.01. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.49 billion. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. As a group, equities analysts anticipate that GFL Environmental Inc. will post 0.58 EPS for the current fiscal year.

GFL Environmental Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 13th were given a dividend of $0.014 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date of this dividend was Monday, January 13th. GFL Environmental's dividend payout ratio is -4.51%.

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.