GFL Environmental Inc. (NYSE:GFL) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC cut its holdings in GFL Environmental Inc. (NYSE:GFL - Free Report) by 66.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,934 shares of the company's stock after selling 9,652 shares during the quarter. Intech Investment Management LLC's holdings in GFL Environmental were worth $220,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in GFL. Blue Trust Inc. raised its position in shares of 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 purchasing an additional 306 shares during the last quarter. Berbice Capital Management LLC purchased a new position in shares of GFL Environmental in the fourth quarter worth $27,000. Continuum Advisory LLC lifted its stake in shares of GFL Environmental by 60.6% during the third quarter. Continuum Advisory LLC now owns 673 shares of the company's stock worth $29,000 after buying an additional 254 shares during the period. SRH Advisors LLC purchased a new stake in GFL Environmental during the 4th quarter valued at about $89,000. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of GFL Environmental by 350.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,400 shares of the company's stock valued at $107,000 after purchasing an additional 1,867 shares during the period. Institutional investors and hedge funds own 64.70% of the company's stock.

GFL Environmental Price Performance

GFL stock traded down $1.02 during mid-day trading on Friday, reaching $47.78. 2,045,921 shares of the company's stock were exchanged, compared to its average volume of 1,378,176. The company has a market cap of $18.80 billion, a price-to-earnings ratio of -35.93 and a beta of 1.16. GFL Environmental Inc. has a 12-month low of $30.57 and a 12-month high of $49.35. The stock's 50 day moving average is $45.60 and its 200 day moving average is $43.96. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.58 and a quick ratio of 0.58.

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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 (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.03. The firm had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $1.98 billion. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. On average, research analysts expect that GFL Environmental Inc. will post 0.58 EPS for the current year.

GFL Environmental Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on GFL shares. National Bankshares reaffirmed an "outperform" rating on shares of GFL Environmental in a report on Tuesday, March 11th. Citigroup initiated coverage on shares of GFL Environmental in a research note on Monday, January 27th. They set a "buy" rating and a $53.00 price objective for the company. Stifel Nicolaus upgraded shares of GFL Environmental from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. Scotiabank boosted their target price on shares of GFL Environmental from $50.00 to $52.00 and gave the company a "sector outperform" rating in a research report on Wednesday, March 5th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $53.00 price target on shares of GFL Environmental in a research report on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $49.63.

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.