Duff & Phelps Investment Management Co. Decreases Stock Holdings in GFL Environmental Inc. $GFL

Key Points

• Duff & Phelps Investment Management reduced its stake in GFL by 11% during 3Q, selling 31,893 shares and now holding 257,232 shares (about 0.07% of the company) worth roughly $12.19 million.
• GFL's latest quarter showed an EPS beat of $0.26 vs. $0.14 expected while revenue missed at $1.23 billion; the company has a $15.51 billion market cap and a P/E of 6.37.
• Analyst sentiment is largely positive with a consensus rating of “Moderate Buy” and an average price target of $56.67, as several firms raised targets or issued overweight/outperform ratings.

Duff & Phelps Investment Management Co. lowered its position in GFL Environmental Inc. (NYSE:GFL - Free Report) by 11.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 257,232 shares of the company's stock after selling 31,893 shares during the period. Duff & Phelps Investment Management Co. owned approximately 0.07% of GFL Environmental worth $12,188,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of GFL. Berbice Capital Management LLC purchased a new stake in GFL Environmental during the second quarter valued at approximately $25,000. EverSource Wealth Advisors LLC grew its holdings in 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 purchasing an additional 219 shares during the last quarter. Compass Financial Services Inc increased its position in shares of GFL Environmental by 63.0% during the second quarter. Compass Financial Services Inc now owns 820 shares of the company's stock worth $41,000 after purchasing an additional 317 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of GFL Environmental by 21.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,606 shares of the company's stock valued at $75,000 after purchasing an additional 289 shares during the last quarter. Finally, First Horizon Corp purchased a new stake in shares of GFL Environmental during the 3rd quarter valued at $116,000. Institutional investors own 64.70% of the company's stock.

GFL Environmental Price Performance

NYSE GFL opened at $43.33 on Thursday. The company has a market cap of $15.51 billion, a price-to-earnings ratio of 6.37, a PEG ratio of 3.39 and a beta of 0.86. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.58 and a quick ratio of 0.58. The stock's fifty day moving average price is $43.23 and its 200 day moving average price is $44.74. GFL Environmental Inc. has a 1 year low of $40.83 and a 1 year high of $52.00.

GFL Environmental (NYSE:GFL - Get Free Report) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $0.26 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.12. The company had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.67 billion. GFL Environmental had a return on equity of 3.66% and a net margin of 56.61%.The firm's revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.58) EPS. As a group, equities research analysts forecast that GFL Environmental Inc. will post 0.58 earnings per share for the current year.

GFL Environmental Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Tuesday, January 13th were issued a dividend of $0.0154 per share. The ex-dividend date of this dividend was Tuesday, January 13th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.1%. GFL Environmental's payout ratio is 0.88%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Royal Bank Of Canada boosted their target price on GFL Environmental from $59.00 to $60.00 and gave the stock an "outperform" rating in a research note on Thursday, February 12th. Wells Fargo & Company started coverage on GFL Environmental in a research note on Thursday, November 13th. They issued an "overweight" rating for the company. JPMorgan Chase & Co. boosted their price target on GFL Environmental from $46.75 to $48.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 14th. Barclays upped their price objective on shares of GFL Environmental from $62.00 to $63.00 and gave the company an "overweight" rating in a report on Thursday, February 12th. Finally, The Goldman Sachs Group began coverage on shares of GFL Environmental in a research report on Monday, November 24th. They issued a "neutral" rating and a $50.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, GFL Environmental has a consensus rating of "Moderate Buy" and a consensus price target of $56.67.

GFL Environmental 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.

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