Cerity Partners LLC Cuts Position in GFL Environmental Inc. (NYSE:GFL)

Cerity Partners LLC trimmed its position in GFL Environmental Inc. (NYSE:GFL - Free Report) by 46.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,369 shares of the company's stock after selling 9,779 shares during the period. Cerity Partners LLC's holdings in GFL Environmental were worth $506,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of GFL. Blue Trust Inc. increased its stake in GFL Environmental by 124.9% during 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 in the last quarter. Berbice Capital Management LLC purchased a new position in GFL Environmental in the 4th quarter worth approximately $27,000. SRH Advisors LLC bought a new position in GFL Environmental in the 4th quarter valued at approximately $89,000. Steward Partners Investment Advisory LLC boosted its stake in GFL Environmental by 350.3% during the 4th 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 last quarter. Finally, Venturi Wealth Management LLC increased its holdings in shares of GFL Environmental by 6,717.9% in the 4th quarter. Venturi Wealth Management LLC now owns 2,659 shares of the company's stock worth $118,000 after purchasing an additional 2,620 shares in the last quarter. 64.70% of the stock is currently owned by institutional investors.

GFL Environmental Stock Performance

GFL traded up $0.16 during midday trading on Friday, reaching $48.97. The company had a trading volume of 1,092,661 shares, compared to its average volume of 1,472,456. The business has a 50-day moving average of $46.96 and a two-hundred day moving average of $45.03. The company has a market cap of $19.26 billion, a P/E ratio of -36.82 and a beta of 1.09. 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 Inc. has a 1 year low of $30.57 and a 1 year high of $49.45.

GFL Environmental (NYSE:GFL - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.03. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.98 billion. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. As a group, equities research analysts predict that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 14th will be issued a $0.0154 dividend. This is a boost from GFL Environmental's previous quarterly dividend of $0.01. This represents a $0.06 dividend on an annualized basis and a yield of 0.13%. GFL Environmental's payout ratio is currently -3.87%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. 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. Scotiabank lifted their price target on shares of GFL Environmental from $52.00 to $54.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 8th. Stifel Nicolaus upgraded shares of GFL Environmental from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. Citigroup decreased their target price on shares of GFL Environmental from $56.00 to $53.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, National Bankshares restated 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $52.00.

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.