GFL Environmental Inc. (NYSE:GFL) Position Reduced by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS lessened its stake in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 11.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 399,070 shares of the company's stock after selling 52,827 shares during the quarter. Kornitzer Capital Management Inc. KS owned approximately 0.10% of GFL Environmental worth $19,279,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. US Bancorp DE increased its position in GFL Environmental by 12.5% during 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 in the last quarter. 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 buying an additional 351 shares during the last quarter. Rockefeller Capital Management L.P. boosted its stake in GFL Environmental by 0.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 42,153 shares of the company's stock worth $1,878,000 after buying an additional 375 shares during the last quarter. OneDigital Investment Advisors LLC boosted its stake in GFL Environmental by 2.6% in the 1st quarter. OneDigital Investment Advisors LLC now owns 17,264 shares of the company's stock worth $834,000 after buying an additional 436 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its stake in GFL Environmental by 0.6% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 91,316 shares of the company's stock worth $3,998,000 after buying an additional 526 shares during the last quarter. Hedge funds and other institutional investors own 64.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on GFL. Seaport Res Ptn raised GFL Environmental to a "strong-buy" rating in a research note on Tuesday, May 6th. Royal Bank Of Canada raised their price target on GFL Environmental from $53.00 to $56.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. UBS Group lifted their price objective on GFL Environmental from $50.00 to $57.00 and gave the company a "buy" rating in a research note on Friday, April 4th. National Bank Financial raised GFL Environmental to a "strong-buy" rating in a research note on Monday, May 26th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of GFL Environmental in a research note on Monday, May 5th. One equities research analyst has 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 data from MarketBeat, GFL Environmental presently has an average rating of "Buy" and an average price target of $56.29.

GFL Environmental Stock Down 0.1%

Shares of GFL stock traded down $0.03 during trading hours on Friday, reaching $47.48. The company had a trading volume of 658,520 shares, compared to its average volume of 1,461,740. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.82 and a current ratio of 0.82. GFL Environmental Inc. has a twelve month low of $37.00 and a twelve month high of $52.00. The company has a market capitalization of $17.41 billion, a P/E ratio of 9.73 and a beta of 1.03. The stock's fifty day simple moving average is $49.17 and its 200 day simple moving average is $47.23.

GFL Environmental (NYSE:GFL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.10). The business had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.52 billion. GFL Environmental had a net margin of 36.01% and a return on equity of 3.93%. GFL Environmental's quarterly revenue was down 13.4% compared to the same quarter last year. As a group, sell-side analysts expect that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, July 14th will be paid a dividend of $0.0154 per share. This represents a $0.06 annualized dividend and a yield of 0.13%. GFL Environmental's payout ratio is currently 1.23%.

GFL Environmental 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.