GFL Environmental Inc. (NYSE:GFL) Shares Sold by Centaurus Financial Inc.

Centaurus Financial Inc. lessened its position in GFL Environmental Inc. (NYSE:GFL - Free Report) by 2.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 207,856 shares of the company's stock after selling 5,203 shares during the period. Centaurus Financial Inc. owned approximately 0.05% of GFL Environmental worth $9,259,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in GFL. Blue Trust Inc. lifted its stake in shares of GFL Environmental by 124.9% in the fourth quarter. Blue Trust Inc. now owns 551 shares of the company's stock valued at $25,000 after purchasing an additional 306 shares during the period. Symphony Financial Ltd. Co. acquired a new stake in shares of GFL Environmental in the fourth quarter valued at about $213,000. Capital Insight Partners LLC lifted its stake in shares of GFL Environmental by 7.5% in the fourth quarter. Capital Insight Partners LLC now owns 39,752 shares of the company's stock valued at $1,771,000 after purchasing an additional 2,790 shares during the period. Jennison Associates LLC lifted its stake in shares of GFL Environmental by 7.0% in the fourth quarter. Jennison Associates LLC now owns 1,544,690 shares of the company's stock valued at $68,800,000 after purchasing an additional 101,695 shares during the period. Finally, Barton Investment Management lifted its stake in shares of GFL Environmental by 0.7% in the fourth quarter. Barton Investment Management now owns 414,598 shares of the company's stock valued at $18,466,000 after purchasing an additional 2,864 shares during the period. Institutional investors and hedge funds own 64.70% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on GFL. UBS Group raised their price objective on shares of GFL Environmental from $50.00 to $57.00 and gave the company a "buy" rating in a research note on Friday, April 4th. Stifel Nicolaus upgraded shares of GFL Environmental from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. Truist Financial lifted their target price on shares of GFL Environmental from $54.00 to $58.00 and gave the stock a "buy" rating in a research report on Wednesday, April 2nd. JPMorgan Chase & Co. started coverage on shares of GFL Environmental in a research report on Friday, May 23rd. They set a "neutral" rating and a $54.00 target price for the company. Finally, Royal Bank of Canada lifted their target price on shares of GFL Environmental from $53.00 to $56.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Two research 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 stock. According to MarketBeat, GFL Environmental has a consensus rating of "Buy" and an average target price of $54.50.

GFL Environmental Trading Up 2.4%

GFL Environmental stock traded up $1.18 during trading on Friday, reaching $50.43. The company had a trading volume of 1,686,527 shares, compared to its average volume of 1,523,439. GFL Environmental Inc. has a 12-month low of $32.55 and a 12-month high of $52.00. The stock's 50 day moving average price is $48.57 and its two-hundred day moving average price is $46.40. The firm has a market capitalization of $18.49 billion, a price-to-earnings ratio of -37.92 and a beta of 1.08. 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 (NYSE:GFL - Get Free Report) last released its 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 negative net margin of 7.54% and a positive return on equity of 3.50%. The company had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.52 billion. The business's revenue for the quarter was down 13.4% compared to the same quarter last year. As a group, equities analysts expect that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, April 14th were given a dividend of $0.0154 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.12%. This is a boost from GFL Environmental's previous quarterly dividend of $0.01. GFL Environmental's payout ratio 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.