Dimensional Fund Advisors LP trimmed its stake in GFL Environmental Inc. (NYSE:GFL - Free Report) by 22.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 561,336 shares of the company's stock after selling 161,099 shares during the quarter. Dimensional Fund Advisors LP owned about 0.14% of GFL Environmental worth $25,001,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Blue Trust Inc. grew its holdings in GFL Environmental by 124.9% in the fourth quarter. Blue Trust Inc. now owns 551 shares of the company's stock worth $25,000 after purchasing an additional 306 shares during the period. Berbice Capital Management LLC acquired a new position in shares of GFL Environmental during the fourth quarter valued at about $27,000. SRH Advisors LLC acquired a new position in shares of GFL Environmental during the fourth quarter valued at about $89,000. Steward Partners Investment Advisory LLC grew its holdings in shares of GFL Environmental by 350.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,400 shares of the company's stock valued at $107,000 after buying an additional 1,867 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in shares of GFL Environmental by 6,717.9% during the fourth quarter. Venturi Wealth Management LLC now owns 2,659 shares of the company's stock valued at $118,000 after buying an additional 2,620 shares during the last quarter. 64.70% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the stock. Citigroup reduced their price objective on shares of GFL Environmental from $56.00 to $53.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Truist Financial lifted 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. National Bankshares reiterated an "outperform" rating on shares of GFL Environmental in a report on Tuesday, March 11th. Raymond James reiterated an "outperform" rating and set a $57.00 price objective (up from $56.00) on shares of GFL Environmental in a report on Friday, May 2nd. Finally, Royal Bank of Canada boosted their price target on shares of GFL Environmental from $53.00 to $56.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, GFL Environmental has a consensus rating of "Buy" and a consensus target price of $54.14.
Read Our Latest Stock Analysis on GFL Environmental
GFL Environmental Stock Performance
GFL stock traded down $1.40 during mid-day trading on Monday, hitting $48.25. The company had a trading volume of 264,229 shares, compared to its average volume of 1,477,525. The stock's fifty day moving average price is $47.92 and its two-hundred day moving average price is $45.72. GFL Environmental Inc. has a 12 month low of $30.57 and a 12 month high of $52.00. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a market cap of $18.98 billion, a PE ratio of -36.07 and a beta of 1.08.
GFL Environmental (NYSE:GFL - Get Free Report) last posted its earnings results 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). GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.52 billion. The firm's revenue was down 13.4% on a year-over-year basis. On average, analysts forecast that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.
GFL Environmental Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, April 14th were given a $0.0154 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.13%. This is an increase from GFL Environmental's previous quarterly dividend of $0.01. GFL Environmental's dividend payout ratio (DPR) is 1.23%.
About GFL Environmental
(
Free Report)
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.
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