Centaurus Financial Inc. Cuts Stake in GFL Environmental Inc. (NYSE:GFL)

Centaurus Financial Inc. decreased its holdings in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 207,856 shares of the company's stock after selling 5,203 shares during the quarter. Centaurus Financial Inc. owned 0.05% of GFL Environmental worth $9,259,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of GFL. Polar Asset Management Partners Inc. boosted its stake in GFL Environmental by 241.7% in the fourth quarter. Polar Asset Management Partners Inc. now owns 119,951 shares of the company's stock worth $5,344,000 after buying an additional 84,851 shares in the last quarter. Mackenzie Financial Corp boosted its stake in GFL Environmental by 74.2% in the fourth quarter. Mackenzie Financial Corp now owns 231,348 shares of the company's stock worth $10,302,000 after buying an additional 98,539 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in GFL Environmental by 21.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 18,985 shares of the company's stock worth $846,000 after buying an additional 3,295 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in GFL Environmental by 151.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 444,684 shares of the company's stock worth $19,806,000 after buying an additional 267,932 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its stake in GFL Environmental by 42.2% in the fourth quarter. Squarepoint Ops LLC now owns 28,895 shares of the company's stock worth $1,287,000 after buying an additional 8,580 shares in the last quarter. Hedge funds and other institutional investors own 64.70% of the company's stock.

GFL Environmental Trading Up 2.4%

NYSE:GFL traded up $1.18 during trading hours on Friday, hitting $50.43. The company had a trading volume of 1,686,527 shares, compared to its average volume of 1,523,670. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.58 and a quick ratio of 0.58. GFL Environmental Inc. has a 52 week low of $31.09 and a 52 week high of $52.00. The company has a market capitalization of $18.49 billion, a PE ratio of -37.92 and a beta of 1.08. The stock has a 50-day moving average price of $48.53 and a 200 day moving average price of $46.33.

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 (EPS) 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 company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.52 billion. GFL Environmental's quarterly revenue was down 13.4% compared to the same quarter last year. On average, equities 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 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 is an increase from GFL Environmental's previous quarterly dividend of $0.01. This represents a $0.06 dividend on an annualized basis and a yield of 0.12%. GFL Environmental's dividend payout ratio is presently 1.23%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on GFL shares. Scotiabank reaffirmed an "outperform" rating on shares of GFL Environmental in a research note on Monday, May 5th. JPMorgan Chase & Co. assumed coverage on GFL Environmental in a research note on Friday, May 23rd. They issued a "neutral" rating and a $54.00 target price for the company. National Bankshares reiterated an "outperform" rating on shares of GFL Environmental in a research report on Tuesday, March 11th. Seaport Res Ptn raised GFL Environmental to a "strong-buy" rating in a research note on Tuesday, May 6th. Finally, Citigroup increased their price objective on GFL Environmental from $53.00 to $56.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $54.50.

About GFL Environmental

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.