Daiwa Securities Group Inc. Sells 10,813 Shares of GFL Environmental Inc. (NYSE:GFL)

Daiwa Securities Group Inc. trimmed its holdings in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 36.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,492 shares of the company's stock after selling 10,813 shares during the period. Daiwa Securities Group Inc.'s holdings in GFL Environmental were worth $824,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of GFL. US Bancorp DE boosted its holdings in GFL Environmental by 51.5% in the third quarter. US Bancorp DE now owns 2,569 shares of the company's stock worth $102,000 after acquiring an additional 873 shares in the last quarter. Atria Investments Inc raised its position in shares of GFL Environmental by 11.3% during the third quarter. Atria Investments Inc now owns 15,400 shares of the company's stock worth $614,000 after purchasing an additional 1,567 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in shares of GFL Environmental by 93.9% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 40,304 shares of the company's stock worth $1,607,000 after purchasing an additional 19,520 shares in the last quarter. Swiss National Bank grew its position in GFL Environmental by 0.8% in the 3rd quarter. Swiss National Bank now owns 661,900 shares of the company's stock valued at $26,446,000 after purchasing an additional 5,400 shares during the period. Finally, Avior Wealth Management LLC bought a new stake in GFL Environmental during the 3rd quarter valued at $82,000. 64.70% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of research firms have weighed in on GFL. Citigroup began coverage on shares of GFL Environmental in a research note on Monday, January 27th. They issued a "buy" rating and a $53.00 price objective on the stock. Scotiabank raised their price objective on shares of GFL Environmental from $50.00 to $52.00 and gave the company a "sector outperform" rating in a research note on Wednesday, March 5th. National Bankshares reaffirmed an "outperform" rating on shares of GFL Environmental in a research note on Tuesday, March 11th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $53.00 price objective on shares of GFL Environmental in a research note on Monday, February 24th. Finally, Stifel Nicolaus raised shares of GFL Environmental from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $49.63.

GFL Environmental Stock Up 2.7 %

Shares of GFL traded up $1.25 during trading hours on Wednesday, reaching $48.01. 2,773,809 shares of the stock traded hands, compared to its average volume of 1,326,992. 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 fifty day simple moving average of $44.86 and a 200 day simple moving average of $43.55. GFL Environmental Inc. has a 52 week low of $30.57 and a 52 week high of $48.87. The company has a market cap of $18.88 billion, a price-to-earnings ratio of -36.09 and a beta of 1.16.

GFL Environmental (NYSE:GFL - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The company reported $0.16 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.98 billion. On average, equities analysts forecast that GFL Environmental Inc. will post 0.58 EPS for the current year.

GFL Environmental Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 13th were given a $0.014 dividend. This represents a $0.06 annualized dividend and a yield of 0.12%. The ex-dividend date of this dividend was Monday, January 13th. GFL Environmental's dividend payout ratio is -3.23%.

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.