Sumitomo Mitsui Trust Holdings Inc. Sells 7,938 Shares of GFL Environmental Inc. (NYSE:GFL)

Sumitomo Mitsui Trust Holdings Inc. cut its stake in GFL Environmental Inc. (NYSE:GFL) by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 448,591 shares of the company’s stock after selling 7,938 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.12% of GFL Environmental worth $15,526,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. IFP Advisors Inc boosted its holdings in shares of GFL Environmental by 18,619.0% in the third quarter. IFP Advisors Inc now owns 11,793 shares of the company’s stock worth $375,000 after buying an additional 11,730 shares during the last quarter. Schwartz Investment Counsel Inc. boosted its holdings in shares of GFL Environmental by 2.7% in the third quarter. Schwartz Investment Counsel Inc. now owns 227,596 shares of the company’s stock worth $7,228,000 after buying an additional 6,000 shares during the last quarter. Copeland Capital Management LLC boosted its holdings in shares of GFL Environmental by 1.1% in the third quarter. Copeland Capital Management LLC now owns 906,844 shares of the company’s stock worth $28,801,000 after buying an additional 9,543 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of GFL Environmental by 4.5% in the third quarter. Raymond James & Associates now owns 396,908 shares of the company’s stock worth $12,606,000 after buying an additional 17,048 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in shares of GFL Environmental by 35.6% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 12,632 shares of the company’s stock worth $401,000 after buying an additional 3,313 shares during the last quarter. 64.70% of the stock is currently owned by institutional investors.

GFL Environmental Price Performance

GFL stock opened at $33.10 on Tuesday. GFL Environmental Inc. has a one year low of $26.87 and a one year high of $39.06. The company’s fifty day moving average price is $34.81 and its 200-day moving average price is $32.69. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market capitalization of $12.29 billion, a PE ratio of -331.00 and a beta of 1.13.

GFL Environmental (NYSE:GFL) last released its earnings results on Tuesday, February 20th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.14). GFL Environmental had a return on equity of 4.96% and a net margin of 0.64%. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.37 billion. On average, equities analysts anticipate that GFL Environmental Inc. will post 0.82 EPS for the current fiscal year.

GFL Environmental Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be issued a $0.014 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.17%. The ex-dividend date is Friday, April 12th. This is an increase from GFL Environmental’s previous quarterly dividend of $0.01. GFL Environmental’s payout ratio is -60.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on GFL shares. BMO Capital Markets raised their price objective 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. UBS Group began coverage on shares of GFL Environmental in a report on Wednesday, January 31st. They set a “buy” rating and a $44.00 price target on the stock. Bank of America downgraded shares of GFL Environmental from a “buy” rating to a “neutral” rating and set a $35.00 price target on the stock. in a report on Friday, January 19th. Wells Fargo & Company lifted their price target on shares of GFL Environmental from $30.00 to $34.00 and gave the company an “equal weight” rating in a report on Tuesday, February 6th. Finally, Jefferies Financial Group lifted their price target on shares of GFL Environmental from $46.00 to $51.00 and gave the company a “buy” rating in a report on Monday, March 18th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $42.83.

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.