GFL Environmental Inc. (NYSE:GFL) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in GFL Environmental Inc. (NYSE:GFL - Free Report) by 11.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 176,752 shares of the company's stock after selling 22,200 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in GFL Environmental were worth $7,049,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. boosted its position in shares of GFL Environmental by 43.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 9,732 shares of the company's stock worth $379,000 after buying an additional 2,937 shares in the last quarter. Fifth Third Bancorp raised its position in shares of GFL Environmental by 51.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,358 shares of the company's stock worth $53,000 after purchasing an additional 459 shares during the last quarter. Capital Insight Partners LLC lifted its stake in GFL Environmental by 2.4% in the 2nd quarter. Capital Insight Partners LLC now owns 35,650 shares of the company's stock valued at $1,388,000 after buying an additional 820 shares in the last quarter. Schwartz Investment Counsel Inc. lifted its stake in GFL Environmental by 5.8% in the 2nd quarter. Schwartz Investment Counsel Inc. now owns 210,722 shares of the company's stock valued at $8,203,000 after buying an additional 11,600 shares in the last quarter. Finally, Tobam grew its holdings in GFL Environmental by 139.5% during the 2nd quarter. Tobam now owns 1,751 shares of the company's stock valued at $68,000 after buying an additional 1,020 shares during the last quarter. Institutional investors and hedge funds own 64.70% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GFL. Scotiabank upped their price objective on GFL Environmental from $50.00 to $51.00 and gave the company a "sector outperform" rating in a research report on Friday, November 8th. Truist Financial lifted their price target on shares of GFL Environmental from $46.00 to $54.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Raymond James upped their price objective on shares of GFL Environmental from $47.00 to $50.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Finally, UBS Group boosted their price target on GFL Environmental from $47.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $45.80.

GFL Environmental Trading Up 0.4 %

Shares of GFL traded up $0.17 during trading hours on Tuesday, hitting $45.95. The stock had a trading volume of 546,127 shares, compared to its average volume of 1,205,324. The company's fifty day simple moving average is $43.14 and its 200 day simple moving average is $40.42. The firm has a market cap of $18.08 billion, a P/E ratio of -34.41 and a beta of 1.16. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.58 and a current ratio of 0.58. GFL Environmental Inc. has a 12-month low of $28.50 and a 12-month high of $48.87.

GFL Environmental (NYSE:GFL - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.23 by $0.01. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.49 billion. Equities research analysts forecast that GFL Environmental Inc. will post 0.59 EPS for the current fiscal year.

GFL Environmental Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th were given a $0.014 dividend. This represents a $0.06 annualized dividend and a yield of 0.12%. The ex-dividend date was Wednesday, October 16th. GFL Environmental's dividend payout ratio (DPR) is -3.76%.

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.