Advisory Services Network LLC Trims Stock Position in GFL Environmental Inc. (NYSE:GFL)

Advisory Services Network LLC decreased its position in GFL Environmental Inc. (NYSE:GFL - Free Report) by 75.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,006 shares of the company's stock after selling 24,219 shares during the period. Advisory Services Network LLC's holdings in GFL Environmental were worth $357,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in GFL. Norges Bank bought a new stake in shares of GFL Environmental in the 4th quarter worth approximately $126,420,000. FMR LLC boosted its holdings in GFL Environmental by 10.0% in the fourth quarter. FMR LLC now owns 27,664,678 shares of the company's stock worth $1,233,223,000 after acquiring an additional 2,506,021 shares in the last quarter. American Century Companies Inc. grew its stake in shares of GFL Environmental by 40.4% in the fourth quarter. American Century Companies Inc. now owns 2,412,639 shares of the company's stock worth $107,459,000 after acquiring an additional 693,884 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of GFL Environmental in the fourth quarter worth $18,836,000. Finally, Geode Capital Management LLC increased its holdings in shares of GFL Environmental by 38.7% during the fourth quarter. Geode Capital Management LLC now owns 1,274,496 shares of the company's stock valued at $56,496,000 after acquiring an additional 355,790 shares in the last quarter. 64.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. National Bankshares reissued an "outperform" rating on shares of GFL Environmental in a report on Tuesday, March 11th. UBS Group increased their price objective on shares of GFL Environmental from $50.00 to $57.00 and gave the company a "buy" rating in a research report on Friday, April 4th. Citigroup decreased their target price on shares of GFL Environmental from $56.00 to $53.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Stifel Nicolaus upgraded GFL Environmental from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. Finally, Scotiabank boosted their price target on GFL Environmental from $52.00 to $54.00 and gave the company an "outperform" rating in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $52.00.

GFL Environmental Trading Up 0.9 %

Shares of GFL traded up $0.42 during trading on Tuesday, reaching $47.47. 816,608 shares of the company traded hands, compared to its average volume of 1,466,357. The stock has a 50-day simple moving average of $46.78 and a 200-day simple moving average of $44.87. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.27. GFL Environmental Inc. has a twelve month low of $30.57 and a twelve month high of $49.45. The stock has a market cap of $18.68 billion, a PE ratio of -35.68 and a beta of 1.09.

GFL Environmental (NYSE:GFL - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $1.42 billion during the quarter, compared to analysts' expectations of $1.98 billion. On average, analysts anticipate that GFL Environmental Inc. will post 0.58 earnings per share for the current year.

GFL Environmental Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 14th will be issued a $0.0154 dividend. This is an increase from GFL Environmental's previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a dividend yield of 0.13%. GFL Environmental's dividend payout ratio is presently -3.87%.

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.