Copeland Capital Management LLC Has $36.75 Million Holdings in GFL Environmental Inc. (NYSE:GFL)

Copeland Capital Management LLC grew its stake in GFL Environmental Inc. (NYSE:GFL - Free Report) by 2.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 921,377 shares of the company's stock after purchasing an additional 19,675 shares during the period. Copeland Capital Management LLC owned approximately 0.24% of GFL Environmental worth $36,745,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Truist Financial Corp grew its stake in GFL Environmental by 1.8% in the second quarter. Truist Financial Corp now owns 15,463 shares of the company's stock valued at $602,000 after purchasing an additional 268 shares during the last quarter. Signaturefd LLC boosted its stake in shares of GFL Environmental by 23.5% in the second quarter. Signaturefd LLC now owns 2,149 shares of the company's stock worth $84,000 after buying an additional 409 shares during the last quarter. Fifth Third Bancorp boosted its position in GFL Environmental by 51.1% during the second quarter. Fifth Third Bancorp now owns 1,358 shares of the company's stock worth $53,000 after purchasing an additional 459 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of GFL Environmental by 3.2% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 21,597 shares of the company's stock worth $838,000 after buying an additional 664 shares during the period. Finally, Tobam purchased a new position in GFL Environmental during the first quarter valued at $25,000. 64.70% of the stock is owned by hedge funds and other institutional investors.

GFL Environmental Stock Down 0.0 %

Shares of GFL stock traded down $0.02 on Tuesday, hitting $41.46. The stock had a trading volume of 522,344 shares, compared to its average volume of 1,216,174. GFL Environmental Inc. has a 52-week low of $26.87 and a 52-week high of $43.79. The firm has a market capitalization of $15.61 billion, a price-to-earnings ratio of -27.55 and a beta of 1.16. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.89 and a current ratio of 0.89. The stock's 50 day moving average is $40.81 and its 200-day moving average is $37.62.

GFL Environmental (NYSE:GFL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.01. The firm had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.51 billion. GFL Environmental had a positive return on equity of 3.32% and a negative net margin of 8.78%. As a group, research analysts expect that GFL Environmental Inc. will post 0.62 earnings per share for the current year.

GFL Environmental Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th will be issued a $0.014 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.14%. The ex-dividend date of this dividend is Wednesday, October 16th. GFL Environmental's dividend payout ratio (DPR) is presently -3.33%.

Analyst Ratings Changes

Several research firms recently commented on GFL. BMO Capital Markets downgraded GFL Environmental from an "outperform" rating to a "market perform" rating and reduced their price objective for the company from $43.00 to $42.00 in a research note on Tuesday, July 9th. Raymond James raised their target price on GFL Environmental from $43.00 to $45.00 and gave the stock an "outperform" rating in a research note on Monday, July 22nd. Royal Bank of Canada boosted their price target on shares of GFL Environmental from $46.00 to $48.00 and gave the company an "outperform" rating in a research note on Friday, August 2nd. Finally, Scotiabank began coverage on GFL Environmental in a research note on Friday, October 4th. They set a "sector outperform" rating and a $50.00 target price on the stock. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $43.56.

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.