Copeland Capital Management LLC Decreases Stock Position in GFL Environmental Inc. (NYSE:GFL)

Copeland Capital Management LLC lowered its stake in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 5.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 855,547 shares of the company's stock after selling 51,297 shares during the quarter. Copeland Capital Management LLC owned about 0.23% of GFL Environmental worth $29,525,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of GFL. Chilton Capital Management LLC acquired a new position in GFL Environmental in the 4th quarter worth approximately $110,000. Raymond James Financial Services Advisors Inc. increased its holdings in GFL Environmental by 5.5% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 13,322 shares of the company's stock worth $460,000 after buying an additional 690 shares during the period. Raymond James & Associates increased its holdings in GFL Environmental by 64.4% in the 4th quarter. Raymond James & Associates now owns 652,701 shares of the company's stock worth $22,525,000 after buying an additional 255,793 shares during the period. Raymond James Trust N.A. increased its holdings in GFL Environmental by 98.9% in the 4th quarter. Raymond James Trust N.A. now owns 20,647 shares of the company's stock worth $713,000 after buying an additional 10,264 shares during the period. Finally, Nordea Investment Management AB increased its holdings in GFL Environmental by 16.6% in the 4th quarter. Nordea Investment Management AB now owns 7,384,983 shares of the company's stock worth $256,259,000 after buying an additional 1,053,530 shares during the period. Institutional investors and hedge funds own 64.70% of the company's stock.

Wall Street Analyst Weigh In

GFL has been the topic of several research reports. BMO Capital Markets increased their price target on shares of GFL Environmental from $40.00 to $42.00 and gave the stock an "outperform" rating in a report on Thursday, February 22nd. Bank of America lowered GFL Environmental from a "buy" rating to a "neutral" rating and set a $35.00 price objective on the stock. in a research report on Friday, January 19th. Jefferies Financial Group upped their price objective on GFL Environmental from $46.00 to $51.00 and gave the stock a "buy" rating in a research report on Monday, March 18th. TheStreet upgraded GFL Environmental from a "d+" rating to a "c" rating in a research report on Tuesday, February 20th. Finally, UBS Group assumed coverage on GFL Environmental in a research report on Wednesday, January 31st. They set a "buy" rating and a $44.00 target price on the stock. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $42.58.

GFL Environmental Price Performance

GFL stock traded down $0.39 during midday trading on Friday, reaching $34.50. The stock had a trading volume of 736,915 shares, compared to its average volume of 1,258,623. The company's fifty day simple moving average is $35.01 and its 200 day simple moving average is $32.55. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.25. The company has a market cap of $12.81 billion, a price-to-earnings ratio of -345.00 and a beta of 1.14. GFL Environmental Inc. has a 52-week low of $26.87 and a 52-week high of $39.06.

GFL Environmental (NYSE:GFL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.14). The firm had revenue of $1.38 billion during the quarter, compared to analysts' expectations of $1.37 billion. GFL Environmental had a net margin of 0.64% and a return on equity of 4.96%. As a group, sell-side analysts predict that GFL Environmental Inc. will post 0.76 earnings per share for the current fiscal year.

GFL Environmental Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th were paid a $0.013 dividend. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.15%. The ex-dividend date of this dividend was Tuesday, January 16th. GFL Environmental's dividend payout ratio (DPR) is presently -50.00%.

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.