Copeland Capital Management LLC Reduces Stake in GFL Environmental Inc. (NYSE:GFL)

Copeland Capital Management LLC lowered its holdings in GFL Environmental Inc. (NYSE:GFL) by 1.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 905,583 shares of the company’s stock after selling 15,794 shares during the quarter. Copeland Capital Management LLC owned about 0.23% of GFL Environmental worth $40,335,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in GFL. Squarepoint Ops LLC purchased a new position in shares of GFL Environmental in the 2nd quarter valued at about $220,000. Creative Planning increased its holdings in shares of GFL Environmental by 125.4% in the 2nd quarter. Creative Planning now owns 14,934 shares of the company’s stock valued at $581,000 after acquiring an additional 8,309 shares during the last quarter. Truist Financial Corp increased its holdings in shares of GFL Environmental by 1.8% in the 2nd quarter. Truist Financial Corp now owns 15,463 shares of the company’s stock valued at $602,000 after acquiring an additional 268 shares during the last quarter. Capital Insight Partners LLC grew its stake in GFL Environmental by 3.7% during the 3rd quarter. Capital Insight Partners LLC now owns 36,962 shares of the company’s stock worth $1,474,000 after buying an additional 1,312 shares during the last quarter. Finally, Seven Grand Managers LLC purchased a new position in GFL Environmental during the 3rd quarter worth approximately $1,994,000. Hedge funds and other institutional investors own 64.70% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Raymond James raised their price target on GFL Environmental from $47.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. UBS Group raised their price target on GFL Environmental from $47.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Truist Financial raised their price target on GFL Environmental from $46.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Scotiabank dropped their price target on 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. Finally, Citigroup initiated coverage on GFL Environmental in a research note on Monday, January 27th. They set a “buy” rating and a $53.00 price target on the stock. Two investment analysts have 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 an average rating of “Moderate Buy” and an average price target of $47.50.

GFL Environmental Stock Down 1.1 %

GFL opened at $43.15 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.58 and a quick ratio of 0.58. The business has a 50 day simple moving average of $44.55 and a 200-day simple moving average of $42.30. The stock has a market capitalization of $16.97 billion, a P/E ratio of -32.44 and a beta of 1.17. GFL Environmental Inc. has a 12 month low of $30.57 and a 12 month high of $48.87.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.23 by $0.01. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.49 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. On average, equities analysts anticipate that GFL Environmental Inc. will post 0.59 earnings per share for the current fiscal year.

GFL Environmental Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 13th were issued a dividend of $0.014 per share. The ex-dividend date of this dividend was Monday, January 13th. This represents a $0.06 annualized dividend and a yield of 0.13%. GFL Environmental’s dividend payout ratio is presently -4.51%.

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.