Daiwa Securities Group Inc. Sells 19,781 Shares of GFL Environmental Inc. (NYSE:GFL)

Daiwa Securities Group Inc. lowered its stake in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 40.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 29,305 shares of the company's stock after selling 19,781 shares during the period. Daiwa Securities Group Inc.'s holdings in GFL Environmental were worth $1,169,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Cape Investment Advisory Inc. grew its holdings in shares of GFL Environmental by 325.0% in the first quarter. Cape Investment Advisory Inc. now owns 1,275 shares of the company's stock worth $44,000 after acquiring an additional 975 shares during the period. Fifth Third Bancorp grew its position in shares of GFL Environmental by 51.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,358 shares of the company's stock valued at $53,000 after acquiring an additional 459 shares during the period. Spartan Fund Management Inc. purchased a new stake in shares of GFL Environmental in the 3rd quarter worth $60,000. Tobam raised its holdings in GFL Environmental by 139.5% in the 2nd quarter. Tobam now owns 1,751 shares of the company's stock worth $68,000 after purchasing an additional 1,020 shares during the period. Finally, Avior Wealth Management LLC purchased a new position in GFL Environmental during the third quarter valued at $82,000. Hedge funds and other institutional investors own 64.70% of the company's stock.

GFL Environmental Price Performance

GFL traded up $0.84 during trading hours on Friday, hitting $47.10. The company's stock had a trading volume of 544,076 shares, compared to its average volume of 1,211,438. The stock has a market cap of $18.53 billion, a price-to-earnings ratio of -35.41 and a beta of 1.15. The business's 50-day moving average price is $42.34 and its 200-day moving average price is $39.69. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.27. GFL Environmental Inc. has a 12 month low of $27.64 and a 12 month high of $47.16.

GFL Environmental (NYSE:GFL - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.24 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.01. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.49 billion. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. Sell-side analysts expect that GFL Environmental Inc. will post 0.59 earnings per share for the current fiscal year.

GFL Environmental Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th were paid a $0.014 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.12%. The ex-dividend date was Wednesday, October 16th. GFL Environmental's dividend payout ratio is currently -4.51%.

Analyst Upgrades and Downgrades

GFL has been the subject of a number of recent research reports. Raymond James boosted their price objective on GFL Environmental from $47.00 to $50.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Royal Bank of Canada upped their price target on shares of GFL Environmental from $46.00 to $48.00 and gave the stock an "outperform" rating in a research report on Friday, August 2nd. Truist Financial raised their price objective 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. UBS Group upped their target price on shares of GFL Environmental from $47.00 to $50.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Finally, Scotiabank raised their price target on GFL Environmental from $50.00 to $51.00 and gave the company a "sector outperform" rating in a report on Friday, November 8th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $45.80.

GFL Environmental Company 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.