Copeland Capital Management LLC Decreases Stake in GFL Environmental Inc. $GFL

Key Points

• Copeland Capital Management LLC reduced its stake in GFL Environmental by 5.4% in Q4, selling 34,422 shares and ending the quarter with 602,493 shares worth about $25.88 million (0.17% of the company).
• Analyst sentiment is mixed but leans positive: MarketBeat shows an average rating of Moderate Buy with an average price target of $55.44, amid recent actions including a Weiss downgrade and new/outperform calls and target increases from Wolfe, RBC and Barclays.
• Key financials: GFL has a market cap of $14.44 billion and a PE of 5.93; it reported Q EPS of $0.26 (beating estimates) while revenue missed, and declared a quarterly dividend of $0.0169 (annualized $0.07, ~0.2% yield).

Copeland Capital Management LLC lowered its stake in GFL Environmental Inc. (NYSE:GFL - Free Report) by 5.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 602,493 shares of the company's stock after selling 34,422 shares during the period. Copeland Capital Management LLC owned 0.17% of GFL Environmental worth $25,877,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GFL. Sunbelt Securities Inc. acquired a new stake in shares of GFL Environmental in the third quarter worth $33,000. EverSource Wealth Advisors LLC increased its stake in shares of GFL Environmental by 43.1% in the second quarter. EverSource Wealth Advisors LLC now owns 727 shares of the company's stock worth $37,000 after acquiring an additional 219 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in shares of GFL Environmental by 45.2% in the third quarter. Caitong International Asset Management Co. Ltd now owns 976 shares of the company's stock worth $46,000 after acquiring an additional 304 shares during the period. Jones Financial Companies Lllp increased its stake in shares of GFL Environmental by 21.9% in the third quarter. Jones Financial Companies Lllp now owns 1,606 shares of the company's stock worth $75,000 after acquiring an additional 289 shares during the period. Finally, Danske Bank A S acquired a new stake in shares of GFL Environmental in the third quarter worth $82,000. Institutional investors and hedge funds own 64.70% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on GFL shares. Weiss Ratings lowered shares of GFL Environmental from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, February 9th. Wolfe Research started coverage on shares of GFL Environmental in a research note on Friday, March 13th. They issued an "outperform" rating on the stock. Royal Bank Of Canada increased their price objective on shares of GFL Environmental from $59.00 to $60.00 and gave the stock an "outperform" rating in a research note on Thursday, February 12th. Scotiabank cut their price objective on shares of GFL Environmental from $57.00 to $56.00 and set a "sector outperform" rating on the stock in a research note on Thursday, February 12th. Finally, Barclays increased their price objective on shares of GFL Environmental from $62.00 to $63.00 and gave the stock an "overweight" rating in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $55.44.

GFL Environmental Stock Up 1.9%

GFL stock opened at $40.35 on Friday. The firm has a market cap of $14.44 billion, a PE ratio of 5.93, a P/E/G ratio of 3.06 and a beta of 0.84. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.58 and a current ratio of 0.58. The firm's fifty day moving average is $42.31 and its 200 day moving average is $43.43. GFL Environmental Inc. has a one year low of $36.96 and a one year high of $52.00.

GFL Environmental (NYSE:GFL - Get Free Report) last released its quarterly earnings results on Wednesday, February 11th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.14 by $0.12. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.67 billion. GFL Environmental had a net margin of 56.61% and a return on equity of 3.66%. The firm's revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the business earned ($0.58) earnings per share. On average, research analysts forecast that GFL Environmental Inc. will post 0.63 EPS for the current year.

GFL Environmental Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Monday, April 13th will be given a dividend of $0.0169 per share. This is a boost from GFL Environmental's previous quarterly dividend of $0.02. This represents a $0.07 annualized dividend and a yield of 0.2%. The ex-dividend date is Monday, April 13th. GFL Environmental's dividend payout ratio (DPR) is 1.03%.

GFL Environmental Company Profile

GFL Environmental Inc is a leading North American provider of diversified environmental services, offering comprehensive solutions across solid waste management, liquid waste management, soil remediation and infrastructure services. The company's core business activities include residential, commercial and industrial waste collection, recycling, composting and landfill management. In addition to traditional waste services, GFL provides specialized liquid waste hauling, treatment and disposal services as well as environmental consulting to support industrial and municipal clients in meeting regulatory and sustainability goals.

Founded in 2007 by entrepreneur Patrick Dovigi, GFL Environmental has pursued an aggressive growth strategy driven by strategic acquisitions and organic expansion.

Want to see what other hedge funds are holding GFL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GFL Environmental Inc. (NYSE:GFL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.