Scotia Capital Inc. Sells 65,782 Shares of GFL Environmental Inc. (NYSE:GFL)

Scotia Capital Inc. lessened its holdings in GFL Environmental Inc. (NYSE:GFL - Free Report) by 68.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,697 shares of the company's stock after selling 65,782 shares during the period. Scotia Capital Inc.'s holdings in GFL Environmental were worth $1,304,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GFL. Stifel Financial Corp grew its stake in GFL Environmental by 8.2% in the 3rd quarter. Stifel Financial Corp now owns 86,644 shares of the company's stock valued at $3,455,000 after buying an additional 6,583 shares during the last quarter. Wolverine Trading LLC raised its stake in GFL Environmental by 89.2% in the 3rd quarter. Wolverine Trading LLC now owns 5,109 shares of the company's stock worth $201,000 after purchasing an additional 2,409 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in GFL Environmental in the 3rd quarter valued at about $627,000. Geode Capital Management LLC grew its position in shares of GFL Environmental by 7.7% during the 3rd quarter. Geode Capital Management LLC now owns 918,706 shares of the company's stock worth $36,296,000 after purchasing an additional 65,449 shares in the last quarter. Finally, Toronto Dominion Bank raised its position in shares of GFL Environmental by 20.1% in the third quarter. Toronto Dominion Bank now owns 104,578 shares of the company's stock valued at $4,171,000 after buying an additional 17,493 shares in the last quarter. 64.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on GFL. UBS Group increased their price target on GFL Environmental from $50.00 to $57.00 and gave the stock a "buy" rating in a research report on Friday, April 4th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $53.00 price objective on shares of GFL Environmental in a research report on Monday, February 24th. Stifel Nicolaus raised shares of GFL Environmental from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. Raymond James set a $56.00 price objective on shares of GFL Environmental and gave the company an "outperform" rating in a research note on Wednesday. Finally, National Bankshares reiterated an "outperform" rating on shares of GFL Environmental in a research note on Tuesday, March 11th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $52.00.

GFL Environmental Stock Down 0.1 %

NYSE:GFL traded down $0.06 on Friday, hitting $48.49. The stock had a trading volume of 1,192,629 shares, compared to its average volume of 1,466,866. The company has a market cap of $19.07 billion, a PE ratio of -36.46 and a beta of 1.09. GFL Environmental Inc. has a 52 week low of $30.57 and a 52 week high of $49.45. The business's fifty day moving average is $46.76 and its 200 day moving average is $44.75. 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 (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 business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.98 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. On average, equities research analysts expect that GFL Environmental Inc. will post 0.58 EPS for the current fiscal year.

GFL Environmental Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 14th will be given a dividend of $0.0154 per share. This is a positive change 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 (DPR) is currently -3.87%.

About GFL Environmental

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.