Wealth Enhancement Advisory Services LLC Sells 1,251 Shares of GFL Environmental Inc. (NYSE:GFL)

Wealth Enhancement Advisory Services LLC decreased its holdings in GFL Environmental Inc. (NYSE:GFL) by 8.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,153 shares of the company’s stock after selling 1,251 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in GFL Environmental were worth $512,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in GFL. Capital Research Global Investors increased its holdings in shares of GFL Environmental by 17.4% during the 1st quarter. Capital Research Global Investors now owns 19,851,514 shares of the company’s stock worth $684,877,000 after acquiring an additional 2,935,811 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of GFL Environmental by 3.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 13,022,382 shares of the company’s stock valued at $449,402,000 after purchasing an additional 478,412 shares during the last quarter. Vanguard Group Inc. raised its position in shares of GFL Environmental by 9.4% in the first quarter. Vanguard Group Inc. now owns 7,914,590 shares of the company’s stock valued at $273,053,000 after purchasing an additional 683,120 shares during the period. CIBC Asset Management Inc lifted its stake in shares of GFL Environmental by 13.2% during the 4th quarter. CIBC Asset Management Inc now owns 2,520,450 shares of the company’s stock worth $87,225,000 after buying an additional 294,432 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of GFL Environmental during the 4th quarter worth about $85,441,000. 64.70% of the stock is owned by institutional investors and hedge funds.

GFL Environmental Stock Up 3.0 %

Shares of NYSE GFL opened at $43.48 on Friday. The stock has a market capitalization of $16.37 billion, a P/E ratio of 41.41 and a beta of 1.16. The stock’s fifty day moving average is $39.34 and its 200 day moving average is $36.01. GFL Environmental Inc. has a 52 week low of $26.87 and a 52 week high of $43.50. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.84 and a current ratio of 0.84.

GFL Environmental (NYSE:GFL) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.51 billion. GFL Environmental had a negative net margin of 8.78% and a positive return on equity of 3.26%. Sell-side analysts forecast that GFL Environmental Inc. will post 0.71 earnings per share for the current fiscal year.

GFL Environmental Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, July 15th were paid a $0.014 dividend. The ex-dividend date of this dividend was Monday, July 15th. This represents a $0.06 dividend on an annualized basis and a yield of 0.13%. GFL Environmental’s dividend payout ratio (DPR) is 4.76%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GFL. Royal Bank of Canada increased their price target on shares of GFL Environmental from $46.00 to $48.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Raymond James increased their target price on GFL Environmental from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. BMO Capital Markets downgraded GFL Environmental from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $43.00 to $42.00 in a research note on Tuesday, July 9th. Finally, TD Cowen increased their price objective on GFL Environmental from $42.00 to $43.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, GFL Environmental presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.64.

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.