Oppenheimer Asset Management Inc. Has $1.84 Million Position in GFL Environmental Inc. (NYSE:GFL)

Oppenheimer Asset Management Inc. lessened its holdings 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 institutional investor 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 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of GFL. Erste Asset Management GmbH grew its holdings in shares of GFL Environmental by 2.0% during the fourth quarter. Erste Asset Management GmbH now owns 13,371 shares of the company's stock worth $597,000 after buying an additional 261 shares in the last quarter. Metis Global Partners LLC boosted its position 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. raised 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 acquiring an additional 306 shares during the last quarter. US Bancorp DE raised its holdings in 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 acquiring an additional 321 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in shares of GFL Environmental by 1.1% during 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 during the period. 64.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on GFL shares. Royal Bank Of Canada increased their target price on GFL Environmental from $53.00 to $56.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Citigroup boosted their target price on GFL Environmental from $53.00 to $56.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. Seaport Res Ptn raised shares of GFL Environmental to a "strong-buy" rating in a research report on Tuesday, May 6th. Scotiabank reaffirmed an "outperform" rating on shares of GFL Environmental in a report on Monday, May 5th. Finally, Raymond James Financial reiterated an "outperform" rating and set a $57.00 target price (up previously from $56.00) on shares of GFL Environmental in a research note on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $54.50.

GFL Environmental Stock Performance

Shares of NYSE:GFL traded up $0.81 during trading on Monday, hitting $50.53. 1,446,731 shares of the stock were exchanged, compared to its average volume of 1,453,542. GFL Environmental Inc. has a 1-year low of $37.00 and a 1-year high of $52.00. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.82 and a current ratio of 0.82. The company's fifty day simple moving average is $49.65 and its 200-day simple moving average is $46.99. The company has a market capitalization of $18.53 billion, a price-to-earnings ratio of 10.35 and a beta of 1.04.

GFL Environmental (NYSE:GFL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.10). GFL Environmental had a net margin of 36.01% and a return on equity of 3.93%. The company had revenue of $1.08 billion during 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. Sell-side analysts expect that GFL Environmental Inc. will post 0.58 EPS for the current fiscal year.

GFL Environmental Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors 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 dividend yield of 0.12%. This is a boost 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.