Deutsche Bank AG Sells 24,175 Shares of GFL Environmental Inc. (NYSE:GFL)

Deutsche Bank AG trimmed its holdings in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 0.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,858,378 shares of the company's stock after selling 24,175 shares during the period. Deutsche Bank AG owned approximately 0.98% of GFL Environmental worth $171,852,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

GFL has been the subject of several analyst reports. Raymond James reiterated an "outperform" rating and set a $57.00 price target (up previously from $56.00) on shares of GFL Environmental in a research report on Friday, May 2nd. National Bankshares reiterated an "outperform" rating on shares of GFL Environmental in a research report on Tuesday, March 11th. Seaport Res Ptn upgraded shares of GFL Environmental to a "strong-buy" rating in a research report on Tuesday, May 6th. Truist Financial boosted their price objective on shares of GFL Environmental from $54.00 to $58.00 and gave the company a "buy" rating in a report on Wednesday, April 2nd. Finally, UBS Group upped their target price on shares of GFL Environmental from $50.00 to $57.00 and gave the company a "buy" rating in a research note on Friday, April 4th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $54.14.

GFL Environmental Stock Down 2.0%

Shares of GFL traded down $0.97 during mid-day trading on Monday, hitting $48.68. 2,342,179 shares of the company's stock were exchanged, compared to its average volume of 1,485,420. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.58 and a quick ratio of 0.58. GFL Environmental Inc. has a 52 week low of $30.57 and a 52 week high of $52.00. The company has a market cap of $19.15 billion, a PE ratio of -36.60 and a beta of 1.08. The company has a 50-day simple moving average of $47.94 and a 200 day simple moving average of $45.78.

GFL Environmental (NYSE:GFL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.10). The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.52 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. GFL Environmental's revenue was down 13.4% on a year-over-year basis. On average, research analysts forecast that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, April 14th were issued a dividend of $0.0154 per share. This represents a $0.06 annualized dividend and a yield of 0.13%. This is a positive change from GFL Environmental's previous quarterly dividend of $0.01. GFL Environmental's dividend payout ratio is presently 1.23%.

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.