Cerity Partners LLC Purchases Shares of 13,249 GFL Environmental Inc. (NYSE:GFL)

Cerity Partners LLC purchased a new stake in GFL Environmental Inc. (NYSE:GFL) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 13,249 shares of the company’s stock, valued at approximately $457,000.

A number of other hedge funds also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA raised its position in shares of GFL Environmental by 55.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 12,543,970 shares of the company’s stock worth $398,396,000 after acquiring an additional 4,490,164 shares in the last quarter. Nordea Investment Management AB raised its position in shares of GFL Environmental by 16.6% during the 4th quarter. Nordea Investment Management AB now owns 7,384,983 shares of the company’s stock worth $256,259,000 after acquiring an additional 1,053,530 shares in the last quarter. Vanguard Group Inc. raised its position in shares of GFL Environmental by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 7,154,314 shares of the company’s stock worth $227,221,000 after acquiring an additional 140,719 shares in the last quarter. Fred Alger Management LLC raised its position in shares of GFL Environmental by 6.2% during the 3rd quarter. Fred Alger Management LLC now owns 6,050,953 shares of the company’s stock worth $192,178,000 after acquiring an additional 355,191 shares in the last quarter. Finally, Royal Bank of Canada raised its position in shares of GFL Environmental by 4.5% during the 3rd quarter. Royal Bank of Canada now owns 5,498,322 shares of the company’s stock worth $174,628,000 after acquiring an additional 235,405 shares in the last quarter. Institutional investors and hedge funds own 64.70% of the company’s stock.

GFL Environmental Trading Down 1.7 %

Shares of GFL stock opened at $32.29 on Friday. The business’s 50 day moving average is $34.64 and its two-hundred day moving average is $32.69. GFL Environmental Inc. has a twelve month low of $26.87 and a twelve month high of $39.06. The company has a market capitalization of $11.98 billion, a P/E ratio of -322.90 and a beta of 1.13. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.25.

GFL Environmental (NYSE:GFL) last announced its earnings results on Tuesday, February 20th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.14). GFL Environmental had a net margin of 0.64% and a return on equity of 4.96%. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Equities analysts forecast that GFL Environmental Inc. will post 0.8 EPS for the current year.

GFL Environmental Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be paid a $0.014 dividend. The ex-dividend date is Friday, April 12th. This is an increase from GFL Environmental’s previous quarterly dividend of $0.01. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.17%. GFL Environmental’s payout ratio is -50.00%.

Analyst Upgrades and Downgrades

GFL has been the topic of several research analyst reports. Royal Bank of Canada initiated coverage on GFL Environmental in a research report on Monday, April 8th. They set an “outperform” rating and a $46.00 target price on the stock. Wells Fargo & Company lifted their price target on GFL Environmental from $30.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. Jefferies Financial Group lifted their price target 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 raised GFL Environmental from a “d+” rating to a “c” rating in a research report on Tuesday, February 20th. Finally, Bank of America lowered GFL Environmental from a “buy” rating to a “neutral” rating and set a $35.00 price target on the stock. in a research report on Friday, January 19th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, GFL Environmental has an average rating of “Moderate Buy” and a consensus 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.