Advisory Services Network LLC Sells 24,219 Shares of GFL Environmental Inc. (NYSE:GFL)

Advisory Services Network LLC cut its stake in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 75.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,006 shares of the company's stock after selling 24,219 shares during the period. Advisory Services Network LLC's holdings in GFL Environmental were worth $357,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Erste Asset Management GmbH lifted its holdings in GFL Environmental by 2.0% during the 4th quarter. Erste Asset Management GmbH now owns 13,371 shares of the company's stock worth $597,000 after buying an additional 261 shares during the period. Metis Global Partners LLC raised its holdings in GFL Environmental by 5.4% during the 4th quarter. Metis Global Partners LLC now owns 5,790 shares of the company's stock worth $258,000 after purchasing an additional 298 shares during the last quarter. Blue Trust Inc. lifted 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 worth $25,000 after purchasing an additional 306 shares during the period. US Bancorp DE increased its position in shares of GFL Environmental by 12.5% during the fourth quarter. US Bancorp DE now owns 2,890 shares of the company's stock worth $129,000 after buying an additional 321 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its holdings in GFL Environmental by 1.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 31,503 shares of the company's stock valued at $1,403,000 after buying an additional 351 shares during the period. 64.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Citigroup cut their price target on GFL Environmental from $56.00 to $53.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Stifel Nicolaus raised GFL Environmental from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. Royal Bank of Canada reiterated an "outperform" rating and issued a $53.00 price target on shares of GFL Environmental in a report on Monday, February 24th. Raymond James set a $56.00 target price on GFL Environmental and gave the stock an "outperform" rating in a research report on Wednesday, April 16th. Finally, Scotiabank boosted their price target on shares of GFL Environmental from $52.00 to $54.00 and gave the company an "outperform" rating in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $52.00.

GFL Environmental Stock Performance

GFL stock traded up $0.53 during mid-day trading on Wednesday, hitting $47.96. The company had a trading volume of 386,389 shares, compared to its average volume of 1,467,532. GFL Environmental Inc. has a 12 month low of $30.57 and a 12 month high of $49.45. The stock's fifty day moving average price is $46.83 and its two-hundred day moving average price is $44.89. The firm has a market cap of $18.87 billion, a PE ratio of -36.06 and a beta of 1.09. 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 posted its quarterly earnings data on Monday, February 24th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.13 by $0.03. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.98 billion. On average, analysts forecast 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 will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 14th will be given a $0.0154 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.13%. This is a positive change from GFL Environmental's previous quarterly dividend of $0.01. GFL Environmental's payout ratio is -3.87%.

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.