Franklin Resources Inc. lowered its position in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 46.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 441,329 shares of the company's stock after selling 387,309 shares during the quarter. Franklin Resources Inc. owned 0.11% of GFL Environmental worth $19,656,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the company. Continuum Advisory LLC raised its stake in 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 purchasing an additional 254 shares during the period. Erste Asset Management GmbH lifted its holdings in shares of GFL Environmental by 2.0% in the 4th quarter. Erste Asset Management GmbH now owns 13,371 shares of the company's stock valued at $597,000 after acquiring an additional 261 shares during the last quarter. Metis Global Partners LLC grew its position in GFL Environmental by 5.4% in the fourth quarter. Metis Global Partners LLC now owns 5,790 shares of the company's stock worth $258,000 after acquiring an additional 298 shares in the last quarter. Blue Trust Inc. increased its stake in GFL Environmental by 124.9% during the fourth quarter. Blue Trust Inc. now owns 551 shares of the company's stock worth $25,000 after acquiring an additional 306 shares during the last quarter. Finally, US Bancorp DE lifted its stake in shares of GFL Environmental by 12.5% in the 4th quarter. US Bancorp DE now owns 2,890 shares of the company's stock valued at $129,000 after purchasing an additional 321 shares during the last quarter. 64.70% of the stock is currently owned by institutional investors.
GFL Environmental Stock Up 1.7 %
GFL stock traded up $0.79 during trading on Friday, hitting $48.29. 1,790,714 shares of the company's stock traded hands, compared to its average volume of 1,456,561. The firm has a market capitalization of $18.99 billion, a P/E ratio of -36.30 and a beta of 1.09. GFL Environmental Inc. has a 1 year low of $30.57 and a 1 year high of $49.35. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.27. The business has a fifty day simple moving average of $46.49 and a two-hundred day simple moving average of $44.47.
GFL Environmental (NYSE:GFL - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.98 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. Sell-side analysts anticipate that GFL Environmental Inc. will post 0.58 EPS for the current year.
GFL Environmental Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 14th will be issued a dividend of $0.0154 per share. This is an increase from GFL Environmental's previous quarterly dividend of $0.01. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.13%. GFL Environmental's payout ratio is -3.87%.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the company. Citigroup decreased their target price on GFL Environmental from $56.00 to $53.00 and set a "buy" rating for the company in a research report on Tuesday. Royal Bank of Canada restated an "outperform" rating and issued a $53.00 target price on shares of GFL Environmental in a research note on Monday, February 24th. Truist Financial raised their target price on shares of GFL Environmental from $54.00 to $58.00 and gave the stock a "buy" rating in a research report on Wednesday, April 2nd. Scotiabank boosted their price target on GFL Environmental from $52.00 to $54.00 and gave the company an "outperform" rating in a report on Tuesday. Finally, UBS Group increased their price objective on GFL Environmental from $50.00 to $57.00 and gave the stock a "buy" rating in a research note on Friday, April 4th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, GFL Environmental currently has a consensus rating of "Moderate Buy" and a consensus price target of $51.25.
Check Out Our Latest Stock Report on GFL Environmental
About GFL Environmental
(
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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