Cerity Partners LLC Has $210,000 Stock Holdings in GFL Environmental Inc. (NYSE:GFL)

Cerity Partners LLC trimmed its stake in GFL Environmental Inc. (NYSE:GFL - Free Report) by 61.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,344 shares of the company's stock after selling 7,025 shares during the quarter. Cerity Partners LLC's holdings in GFL Environmental were worth $210,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bessemer Group Inc. acquired a new stake in shares of GFL Environmental in the first quarter worth $28,000. Natixis acquired a new stake in shares of GFL Environmental in the fourth quarter worth $49,000. Harbor Investment Advisory LLC acquired a new stake in shares of GFL Environmental in the first quarter worth $53,000. Versant Capital Management Inc boosted its position in shares of GFL Environmental by 3,470.3% in the first quarter. Versant Capital Management Inc now owns 1,321 shares of the company's stock worth $64,000 after buying an additional 1,284 shares during the period. Finally, Fifth Third Bancorp boosted its position in shares of GFL Environmental by 81.9% in the first quarter. Fifth Third Bancorp now owns 1,643 shares of the company's stock worth $79,000 after buying an additional 740 shares during the period. 64.70% of the stock is owned by institutional investors and hedge funds.

GFL Environmental Stock Performance

Shares of GFL stock traded up $0.13 during trading on Friday, reaching $50.47. The company had a trading volume of 509,050 shares, compared to its average volume of 1,684,185. The firm's 50 day simple moving average is $48.96 and its two-hundred day simple moving average is $47.48. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.82 and a quick ratio of 0.82. GFL Environmental Inc. has a one year low of $37.58 and a one year high of $52.00. The company has a market capitalization of $18.51 billion, a PE ratio of 7.95 and a beta of 1.03.

GFL Environmental (NYSE:GFL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.19 earnings per share for the quarter, meeting analysts' consensus estimates of $0.19. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.68 billion. GFL Environmental had a return on equity of 3.76% and a net margin of 48.53%. The firm's revenue was up 5.9% compared to the same quarter last year. During the same period last year, the business earned $0.29 EPS. Sell-side analysts forecast that GFL Environmental Inc. will post 0.58 earnings per share for the current year.

GFL Environmental Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, July 14th were paid a $0.0154 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.1%. GFL Environmental's payout ratio is presently 0.94%.

Wall Street Analyst Weigh In

Several analysts have recently commented on GFL shares. Raymond James Financial reaffirmed an "outperform" rating and issued a $57.00 target price (up previously from $56.00) on shares of GFL Environmental in a research report on Friday, May 2nd. National Bank Financial raised GFL Environmental to a "strong-buy" rating in a research report on Monday, May 26th. Royal Bank Of Canada lifted their price objective on GFL Environmental from $53.00 to $56.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. JPMorgan Chase & Co. assumed coverage on GFL Environmental in a research report on Friday, May 23rd. They set a "neutral" rating and a $54.00 price objective for the company. Finally, Citigroup lifted their price objective on GFL Environmental from $53.00 to $56.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $56.29.

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.