Oppenheimer Asset Management Inc. lessened its stake in GFL Environmental Inc. (NYSE:GFL - Free Report) by 15.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,163 shares of the company's stock after selling 7,133 shares during the period. Oppenheimer Asset Management Inc.'s holdings in GFL Environmental were worth $1,844,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also added to or reduced their stakes in GFL. Erste Asset Management GmbH raised its stake in GFL Environmental by 2.0% in the fourth quarter. Erste Asset Management GmbH now owns 13,371 shares of the company's stock valued at $597,000 after buying an additional 261 shares during the last quarter. Metis Global Partners LLC increased its holdings in shares of GFL Environmental by 5.4% during the fourth quarter. Metis Global Partners LLC now owns 5,790 shares of the company's stock valued at $258,000 after acquiring an additional 298 shares in the last quarter. Blue Trust Inc. raised its position in shares of 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 purchasing an additional 306 shares during the last quarter. US Bancorp DE raised its position 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 valued at $129,000 after purchasing an additional 321 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its stake in GFL Environmental by 1.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 31,503 shares of the company's stock worth $1,403,000 after purchasing an additional 351 shares in the last quarter. 64.70% of the stock is currently owned by institutional investors.
GFL Environmental Stock Performance
Shares of NYSE GFL traded down $0.87 during trading on Friday, reaching $49.71. 2,663,876 shares of the company traded hands, compared to its average volume of 1,450,211. GFL Environmental Inc. has a 12-month low of $37.00 and a 12-month high of $52.00. The stock has a market cap of $18.23 billion, a P/E ratio of 10.19 and a beta of 1.04. The firm's fifty day simple moving average is $49.55 and its 200 day simple moving average is $46.90. 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 (NYSE:GFL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.10). GFL Environmental had a return on equity of 3.93% and a net margin of 36.01%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.52 billion. The firm's revenue for the quarter was down 13.4% on a year-over-year basis. As a group, research analysts anticipate that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.
GFL Environmental Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, April 14th were issued a $0.0154 dividend. This is a boost 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 payout ratio is presently 1.23%.
Analysts Set New Price Targets
A number of research analysts have issued reports on GFL shares. National Bankshares restated an "outperform" rating on shares of GFL Environmental in a research note on Tuesday, March 11th. JPMorgan Chase & Co. began coverage on GFL Environmental in a research report on Friday, May 23rd. They issued a "neutral" rating and a $54.00 target price on the stock. UBS Group raised their target price on GFL Environmental from $50.00 to $57.00 and gave the stock a "buy" rating in a research note on Friday, April 4th. Truist Financial boosted their price target on GFL Environmental from $54.00 to $58.00 and gave the company a "buy" rating in a research note on Wednesday, April 2nd. Finally, Seaport Res Ptn raised GFL Environmental to a "strong-buy" rating in a report on Tuesday, May 6th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $54.50.
Check Out Our Latest Stock Report on GFL
GFL Environmental Profile
(
Free Report)
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.
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