Dimensional Fund Advisors LP Sells 161,099 Shares of GFL Environmental Inc. (NYSE:GFL)

Dimensional Fund Advisors LP cut its position in GFL Environmental Inc. (NYSE:GFL) by 22.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 561,336 shares of the company’s stock after selling 161,099 shares during the period. Dimensional Fund Advisors LP owned 0.14% of GFL Environmental worth $25,001,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Tidal Investments LLC increased its holdings in GFL Environmental by 6.3% during the 3rd quarter. Tidal Investments LLC now owns 20,853 shares of the company’s stock valued at $832,000 after purchasing an additional 1,238 shares in the last quarter. BluePath Capital Management LLC acquired a new stake in shares of GFL Environmental in the fourth quarter valued at approximately $248,000. Avanza Fonder AB bought a new position in GFL Environmental in the 4th quarter worth approximately $1,063,000. Goldstein Advisors LLC lifted its holdings in GFL Environmental by 20.8% during the 4th quarter. Goldstein Advisors LLC now owns 7,418 shares of the company’s stock worth $330,000 after buying an additional 1,278 shares in the last quarter. Finally, Berbice Capital Management LLC bought a new position in GFL Environmental in the 4th quarter valued at $27,000. 64.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GFL. Truist Financial upped their price target on GFL Environmental from $54.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, April 2nd. National Bankshares restated an “outperform” rating on shares of GFL Environmental in a research report on Tuesday, March 11th. Stifel Nicolaus upgraded shares of GFL Environmental from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. Scotiabank increased their price objective on shares of GFL Environmental from $54.00 to $56.00 and gave the company a “sector outperform” rating in a report on Monday. Finally, Raymond James reaffirmed an “outperform” rating and set a $57.00 target price (up previously from $56.00) on shares of GFL Environmental in a report on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $54.14.

GFL Environmental Trading Down 1.1 %

Shares of NYSE GFL opened at $51.02 on Wednesday. GFL Environmental Inc. has a twelve month low of $30.57 and a twelve month high of $52.00. The stock has a market cap of $20.07 billion, a price-to-earnings ratio of -38.36 and a beta of 1.08. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.27. The company’s fifty day moving average is $47.64 and its 200-day moving average is $45.51.

GFL Environmental (NYSE:GFL) last posted its earnings results on Wednesday, April 30th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.10). GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.52 billion. The company’s revenue was down 13.4% compared to the same quarter last year. Equities research analysts predict that GFL Environmental Inc. will post 0.58 EPS for the current year.

GFL Environmental Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, April 14th were issued a dividend of $0.0154 per share. This is an increase from GFL Environmental’s previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a yield of 0.12%. GFL Environmental’s dividend payout ratio (DPR) is 1.23%.

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.