GFL Environmental Inc. (NYSE:GFL) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC trimmed its holdings in shares of GFL Environmental Inc. (NYSE:GFL) by 4.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,544 shares of the company’s stock after selling 609 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in GFL Environmental were worth $500,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GFL. Headlands Technologies LLC purchased a new position in GFL Environmental during the first quarter worth about $39,000. Cape Investment Advisory Inc. boosted its position in shares of GFL Environmental by 325.0% during the 1st quarter. Cape Investment Advisory Inc. now owns 1,275 shares of the company’s stock worth $44,000 after purchasing an additional 975 shares during the period. Fifth Third Bancorp increased its holdings in GFL Environmental by 51.1% in the 2nd quarter. Fifth Third Bancorp now owns 1,358 shares of the company’s stock valued at $53,000 after purchasing an additional 459 shares during the last quarter. Spartan Fund Management Inc. purchased a new stake in GFL Environmental in the third quarter valued at approximately $60,000. Finally, Tobam raised its position in GFL Environmental by 139.5% in the second quarter. Tobam now owns 1,751 shares of the company’s stock valued at $68,000 after purchasing an additional 1,020 shares during the period. 64.70% of the stock is owned by institutional investors and hedge funds.

GFL Environmental Trading Down 0.8 %

Shares of NYSE:GFL opened at $45.13 on Friday. GFL Environmental Inc. has a 52 week low of $26.87 and a 52 week high of $46.48. The company’s 50 day moving average is $40.79 and its two-hundred day moving average is $38.27. The company has a market cap of $16.99 billion, a PE ratio of -30.10 and a beta of 1.15. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.45.

GFL Environmental (NYSE:GFL) last posted its 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 firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.49 billion. GFL Environmental had a positive return on equity of 3.32% and a negative net margin of 8.78%. Equities analysts predict that GFL Environmental Inc. will post 0.61 earnings per share for the current fiscal year.

GFL Environmental Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Wednesday, October 16th were paid a dividend of $0.014 per share. This represents a $0.06 annualized dividend and a yield of 0.12%. The ex-dividend date of this dividend was Wednesday, October 16th. GFL Environmental’s payout ratio is -4.00%.

Analysts Set New Price Targets

GFL has been the subject of a number of research reports. UBS Group lifted their price objective on GFL Environmental from $47.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday. Royal Bank of Canada lifted their target price on GFL Environmental from $46.00 to $48.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Raymond James boosted their price target on shares of GFL Environmental from $47.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday. Truist Financial raised their price objective on shares of GFL Environmental from $46.00 to $54.00 and gave the company a “buy” rating in a research note on Friday. Finally, Scotiabank upped their target price on shares of GFL Environmental from $50.00 to $51.00 and gave the stock a “sector outperform” rating in a research note on Friday. Three equities research 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, the company presently has an average rating of “Moderate Buy” and an average target price of $45.80.

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.