Elevation Point Wealth Partners LLC Sells 13,029 Shares of GFL Environmental Inc. (NYSE:GFL)

Elevation Point Wealth Partners LLC lowered its stake in GFL Environmental Inc. (NYSE:GFL - Free Report) by 23.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 42,628 shares of the company's stock after selling 13,029 shares during the period. Elevation Point Wealth Partners LLC's holdings in GFL Environmental were worth $2,059,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Blue Trust Inc. increased its holdings in GFL Environmental by 124.9% in the 4th quarter. Blue Trust Inc. now owns 551 shares of the company's stock valued at $25,000 after buying an additional 306 shares during the period. Quaero Capital S.A. increased its stake in GFL Environmental by 35.1% in the fourth quarter. Quaero Capital S.A. now owns 37,310 shares of the company's stock valued at $1,662,000 after acquiring an additional 9,690 shares during the last quarter. Truist Financial Corp raised its position in GFL Environmental by 16.8% during the fourth quarter. Truist Financial Corp now owns 35,475 shares of the company's stock valued at $1,580,000 after purchasing an additional 5,090 shares in the last quarter. Venturi Wealth Management LLC raised its position in GFL Environmental by 6,717.9% during the fourth quarter. Venturi Wealth Management LLC now owns 2,659 shares of the company's stock valued at $118,000 after purchasing an additional 2,620 shares in the last quarter. Finally, Key Financial Inc lifted its stake in GFL Environmental by 90.9% during the fourth quarter. Key Financial Inc now owns 3,043 shares of the company's stock worth $136,000 after purchasing an additional 1,449 shares during the last quarter. Institutional investors own 64.70% of the company's stock.

GFL Environmental Trading Down 1.1%

Shares of NYSE GFL traded down $0.54 during midday trading on Friday, reaching $50.22. The stock had a trading volume of 580,453 shares, compared to its average volume of 1,443,871. The company's 50 day moving average price is $49.18 and its 200 day moving average price is $46.69. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.58 and a current ratio of 0.58. GFL Environmental Inc. has a twelve month low of $37.00 and a twelve month high of $52.00. The firm has a market cap of $18.42 billion, a price-to-earnings ratio of -37.76 and a beta of 1.04.

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 for the quarter, missing analysts' consensus estimates of $0.04 by ($0.10). GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.52 billion. The company's quarterly revenue was down 13.4% on a year-over-year basis. As a group, sell-side analysts expect that GFL Environmental Inc. will post 0.58 EPS for the current 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 given a dividend of $0.0154 per share. This is an increase 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 1.23%.

Analyst Upgrades and Downgrades

GFL has been the subject of a number of research analyst reports. UBS Group boosted their price target on 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 target on shares of GFL Environmental from $54.00 to $58.00 and gave the stock a "buy" rating in a report on Wednesday, April 2nd. Scotiabank restated an "outperform" rating on shares of GFL Environmental in a research report on Monday, May 5th. National Bankshares reiterated an "outperform" rating on shares of GFL Environmental in a research report on Tuesday, March 11th. Finally, National Bank Financial upgraded GFL Environmental to a "strong-buy" rating in a report on Monday, May 26th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, GFL Environmental has an average rating of "Buy" and a consensus target price of $54.50.

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.