Dimensional Fund Advisors LP Decreases Holdings in GFL Environmental Inc. (NYSE:GFL)

Dimensional Fund Advisors LP lowered its position in GFL Environmental Inc. (NYSE:GFL - Free Report) by 22.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 561,336 shares of the company's stock after selling 161,099 shares during the period. Dimensional Fund Advisors LP owned 0.14% of GFL Environmental worth $25,001,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Tidal Investments LLC boosted its position in GFL Environmental by 6.3% during the third quarter. Tidal Investments LLC now owns 20,853 shares of the company's stock valued at $832,000 after acquiring an additional 1,238 shares during the last quarter. BluePath Capital Management LLC acquired a new position in shares of GFL Environmental in the 4th quarter valued at about $248,000. Avanza Fonder AB bought a new stake in shares of GFL Environmental during the 4th quarter valued at about $1,063,000. Goldstein Advisors LLC grew its stake in GFL Environmental by 20.8% during the fourth quarter. Goldstein Advisors LLC now owns 7,418 shares of the company's stock worth $330,000 after purchasing an additional 1,278 shares during the period. Finally, Berbice Capital Management LLC bought a new stake in GFL Environmental in the fourth quarter worth approximately $27,000. 64.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. National Bankshares reaffirmed an "outperform" rating on shares of GFL Environmental in a research report on Tuesday, March 11th. 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. Truist Financial upped 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. Stifel Nicolaus upgraded GFL Environmental from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of GFL Environmental in a research note on Monday, May 5th. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $54.14.

GFL Environmental Stock Down 1.6 %

Shares of GFL Environmental stock traded down $0.80 on Friday, hitting $49.62. The company had a trading volume of 1,926,561 shares, compared to its average volume of 1,481,313. GFL Environmental Inc. has a 1 year low of $30.57 and a 1 year 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 stock has a 50 day moving average of $47.92 and a 200-day moving average of $45.66. The stock has a market capitalization of $19.52 billion, a price-to-earnings ratio of -37.31 and a beta of 1.08.

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

GFL Environmental Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, April 14th were given a $0.0154 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.12%. This is an increase from GFL Environmental's previous quarterly dividend of $0.01. GFL Environmental's dividend payout ratio is presently 1.23%.

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.