GFL Environmental Inc. (NYSE:GFL) Holdings Cut by Generate Investment Management Ltd

Generate Investment Management Ltd lowered its stake in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 49.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 170,599 shares of the company's stock after selling 167,100 shares during the period. Generate Investment Management Ltd's holdings in GFL Environmental were worth $8,242,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Erste Asset Management GmbH increased its holdings in shares of GFL Environmental by 2.0% during the 4th quarter. Erste Asset Management GmbH now owns 13,371 shares of the company's stock worth $597,000 after buying an additional 261 shares during the last quarter. Metis Global Partners LLC increased its stake in GFL Environmental by 5.4% during the fourth quarter. Metis Global Partners LLC now owns 5,790 shares of the company's stock worth $258,000 after acquiring an additional 298 shares during the last quarter. Blue Trust Inc. increased its stake in GFL Environmental by 124.9% during the fourth quarter. Blue Trust Inc. now owns 551 shares of the company's stock worth $25,000 after acquiring an additional 306 shares during the last quarter. US Bancorp DE raised its holdings in shares of GFL Environmental by 12.5% in the 4th quarter. US Bancorp DE now owns 2,890 shares of the company's stock worth $129,000 after purchasing an additional 321 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its stake in shares of GFL Environmental by 1.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 31,503 shares of the company's stock valued at $1,403,000 after purchasing an additional 351 shares in the last quarter. Institutional investors and hedge funds own 64.70% of the company's stock.

Analysts Set New Price Targets

GFL has been the topic of several research reports. Royal Bank Of Canada raised their price target on shares of GFL Environmental from $53.00 to $56.00 and gave the company an "outperform" rating in a report on Monday, May 5th. Scotiabank reissued an "outperform" rating on shares of GFL Environmental in a research note on Monday, May 5th. Truist Financial lifted their target price on shares of GFL Environmental from $54.00 to $58.00 and gave the company a "buy" rating in a report on Wednesday, April 2nd. Raymond James Financial reiterated an "outperform" rating and issued a $57.00 price target (up from $56.00) on shares of GFL Environmental in a report on Friday, May 2nd. Finally, Seaport Res Ptn upgraded GFL Environmental to a "strong-buy" rating in a research note on Tuesday, May 6th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $54.50.

GFL Environmental Stock Up 1.8%

NYSE GFL traded up $0.92 during mid-day trading on Thursday, reaching $50.61. 1,318,230 shares of the company's stock traded hands, compared to its average volume of 1,445,356. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.89. GFL Environmental Inc. has a 1-year low of $37.00 and a 1-year high of $52.00. The company has a fifty day simple moving average of $49.51 and a 200-day simple moving average of $46.87. The company has a market cap of $18.56 billion, a price-to-earnings ratio of 90.35 and a beta of 1.04.

GFL Environmental (NYSE:GFL - Get Free Report) last released 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). The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.52 billion. GFL Environmental had a return on equity of 3.93% and a net margin of 36.01%. GFL Environmental's quarterly revenue was down 13.4% compared to the same quarter last year. As a group, equities research analysts expect that GFL Environmental Inc. will post 0.58 EPS for the current year.

GFL Environmental Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, April 14th were paid a $0.0154 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.12%. This is an increase from GFL Environmental's previous quarterly dividend of $0.01. GFL Environmental's dividend payout ratio (DPR) is 1.23%.

GFL Environmental Company 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.