Phraction Management LLC Has $794,000 Stake in GFL Environmental Inc. (NYSE:GFL)

Phraction Management LLC trimmed its position in shares of GFL Environmental Inc. (NYSE:GFL) by 39.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,830 shares of the company’s stock after selling 11,450 shares during the period. Phraction Management LLC’s holdings in GFL Environmental were worth $794,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of GFL. Blue Trust Inc. grew its stake in GFL Environmental by 124.9% during the fourth quarter. Blue Trust Inc. now owns 551 shares of the company’s stock worth $25,000 after buying an additional 306 shares in the last quarter. Berbice Capital Management LLC acquired a new stake in GFL Environmental during the fourth quarter worth about $27,000. Continuum Advisory LLC grew its stake in GFL Environmental by 60.6% during the third quarter. Continuum Advisory LLC now owns 673 shares of the company’s stock worth $29,000 after buying an additional 254 shares in the last quarter. Spartan Fund Management Inc. acquired a new stake in GFL Environmental during the third quarter worth about $60,000. Finally, Avior Wealth Management LLC acquired a new stake in GFL Environmental during the third quarter worth about $82,000. 64.70% of the stock is currently owned by institutional investors and hedge funds.

GFL Environmental Stock Performance

GFL Environmental stock opened at $45.92 on Thursday. 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 Inc. has a 52-week low of $30.57 and a 52-week high of $48.87. The firm has a 50 day moving average price of $44.37 and a two-hundred day moving average price of $42.64.

GFL Environmental Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 13th were given a $0.014 dividend. This represents a $0.06 annualized dividend and a yield of 0.12%. The ex-dividend date of this dividend was Monday, January 13th. GFL Environmental’s payout ratio is currently -4.51%.

Analysts Set New Price Targets

GFL has been the topic of a number of analyst reports. Scotiabank reduced their price objective on shares of GFL Environmental from $51.00 to $50.00 and set a “sector outperform” rating on the stock in a research note on Monday, January 27th. Citigroup started coverage on shares of GFL Environmental in a report on Monday, January 27th. They issued a “buy” rating and a $53.00 target price for the company. Truist Financial increased their target price on shares of GFL Environmental from $46.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Raymond James increased their target price on shares of GFL Environmental from $47.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, UBS Group increased their target price on shares of GFL Environmental from $47.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, GFL Environmental currently has a consensus rating of “Moderate Buy” and an average price target of $49.00.

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.