Copeland Capital Management LLC lessened its position in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 19.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 729,884 shares of the company's stock after selling 175,699 shares during the period. Copeland Capital Management LLC owned about 0.19% of GFL Environmental worth $35,261,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of GFL. Blue Trust Inc. raised its position in shares of GFL Environmental by 124.9% during the 4th 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. Truist Financial Corp raised its position in shares of GFL Environmental by 16.8% during the 4th quarter. Truist Financial Corp now owns 35,475 shares of the company's stock worth $1,580,000 after purchasing an additional 5,090 shares during the period. Bank of New York Mellon Corp raised its position in shares of GFL Environmental by 13.8% during the 4th quarter. Bank of New York Mellon Corp now owns 187,325 shares of the company's stock worth $8,343,000 after purchasing an additional 22,699 shares during the period. Whipplewood Advisors LLC acquired a new stake in GFL Environmental in the 4th quarter valued at approximately $149,000. Finally, Oppenheimer Asset Management Inc. increased its position in GFL Environmental by 12.4% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 45,296 shares of the company's stock valued at $2,017,000 after acquiring an additional 4,992 shares during the period. Institutional investors own 64.70% of the company's stock.
Analyst Ratings Changes
Several analysts recently commented on the company. Citigroup raised their target price on GFL Environmental from $53.00 to $56.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. National Bankshares restated an "outperform" rating on shares of GFL Environmental in a research report on Tuesday, March 11th. Royal Bank Of Canada raised their target price on GFL Environmental from $53.00 to $56.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. Truist Financial raised their target price on GFL Environmental from $54.00 to $58.00 and gave the company a "buy" rating in a research report on Wednesday, April 2nd. Finally, UBS Group raised their target price on GFL Environmental from $50.00 to $57.00 and gave the company a "buy" rating in a research report on Friday, April 4th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $54.50.
Check Out Our Latest Report on GFL Environmental
GFL Environmental Price Performance
NYSE GFL traded down $0.87 on Friday, reaching $49.71. 2,663,876 shares of the stock traded hands, compared to its average volume of 1,453,569. The firm's fifty day simple moving average is $49.58 and its 200 day simple moving average is $46.94. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.89. The company has a market cap of $18.23 billion, a price-to-earnings ratio of 10.19 and a beta of 1.04. GFL Environmental Inc. has a 12 month low of $37.00 and a 12 month high of $52.00.
GFL Environmental (NYSE:GFL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.10). The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.52 billion. GFL Environmental had a net margin of 36.01% and a return on equity of 3.93%. The firm's quarterly revenue was down 13.4% on a year-over-year basis. As a group, research analysts predict that GFL Environmental Inc. will post 0.58 EPS for the current fiscal year.
GFL Environmental Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, April 14th were paid a dividend of $0.0154 per share. This is a positive change from GFL Environmental's previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a dividend yield of 0.12%. GFL Environmental's dividend payout ratio (DPR) is currently 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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