GFL Environmental Inc. (NYSE:GFL) Shares Sold by Advent International L.P.

Advent International L.P. trimmed its position in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 12.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 340,797 shares of the company's stock after selling 47,534 shares during the quarter. GFL Environmental makes up approximately 0.4% of Advent International L.P.'s investment portfolio, making the stock its 17th largest position. Advent International L.P. owned about 0.09% of GFL Environmental worth $15,179,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Generate Investment Management Ltd purchased a new stake in GFL Environmental during the 4th quarter valued at about $15,041,000. Tobam acquired a new stake in shares of GFL Environmental in the fourth quarter valued at approximately $1,846,000. Raymond James Financial Inc. acquired a new position in GFL Environmental during the fourth quarter worth $18,836,000. Bleakley Financial Group LLC increased its stake in shares of GFL Environmental by 9.9% in the 4th quarter. Bleakley Financial Group LLC now owns 7,954 shares of the company's stock worth $354,000 after acquiring an additional 718 shares during the last quarter. Finally, Quaero Capital S.A. raised its holdings in shares of GFL Environmental by 35.1% during the 4th quarter. Quaero Capital S.A. now owns 37,310 shares of the company's stock worth $1,662,000 after acquiring an additional 9,690 shares during the period. 64.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GFL. Raymond James reissued an "outperform" rating and issued a $57.00 price objective (up previously from $56.00) on shares of GFL Environmental in a report on Friday. UBS Group raised their price target on shares of GFL Environmental from $50.00 to $57.00 and gave the stock a "buy" rating in a report on Friday, April 4th. Stifel Nicolaus upgraded GFL Environmental from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. Truist Financial raised their target price on GFL Environmental from $54.00 to $58.00 and gave the stock a "buy" rating in a research note on Wednesday, April 2nd. Finally, Scotiabank upped their price target on GFL Environmental from $54.00 to $56.00 and gave the company a "sector outperform" rating in a research note on Monday. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $52.75.

GFL Environmental Trading Up 2.3 %

GFL Environmental stock traded up $1.16 during midday trading on Monday, reaching $51.56. 1,376,508 shares of the stock traded hands, compared to its average volume of 1,474,821. The firm has a market cap of $20.28 billion, a PE ratio of -38.77 and a beta of 1.08. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.27. The company has a 50-day simple moving average of $47.34 and a two-hundred day simple moving average of $45.40. GFL Environmental Inc. has a 12-month low of $30.57 and a 12-month high of $51.99.

GFL Environmental (NYSE:GFL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.10). The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.52 billion. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. The business's quarterly revenue was down 13.4% compared to the same quarter last year. Research analysts expect that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, April 14th were paid a $0.0154 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.12%. This is a boost from GFL Environmental's previous quarterly dividend of $0.01. GFL Environmental's dividend payout ratio (DPR) is presently 1.23%.

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.