Clarkston Capital Partners LLC Sells 204,460 Shares of GFL Environmental Inc. $GFL

Clarkston Capital Partners LLC decreased its position in shares of GFL Environmental Inc. (NYSE:GFL) by 6.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,860,060 shares of the company’s stock after selling 204,460 shares during the quarter. GFL Environmental accounts for 2.9% of Clarkston Capital Partners LLC’s portfolio, making the stock its 12th largest position. Clarkston Capital Partners LLC owned about 0.79% of GFL Environmental worth $135,510,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Berbice Capital Management LLC purchased a new stake in GFL Environmental during the 2nd quarter valued at $25,000. EverSource Wealth Advisors LLC raised its stake in shares of GFL Environmental by 43.1% in the second quarter. EverSource Wealth Advisors LLC now owns 727 shares of the company’s stock worth $37,000 after purchasing an additional 219 shares during the last quarter. Compass Financial Services Inc raised its stake in shares of GFL Environmental by 63.0% in the second quarter. Compass Financial Services Inc now owns 820 shares of the company’s stock worth $41,000 after purchasing an additional 317 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of GFL Environmental by 21.9% during the third quarter. Jones Financial Companies Lllp now owns 1,606 shares of the company’s stock valued at $75,000 after purchasing an additional 289 shares in the last quarter. Finally, First Horizon Corp purchased a new stake in shares of GFL Environmental during the third quarter valued at $116,000. 64.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. The Goldman Sachs Group assumed coverage on GFL Environmental in a report on Monday, November 24th. They issued a “neutral” rating and a $50.00 price objective for the company. Citigroup dropped their price target on shares of GFL Environmental from $58.00 to $56.00 and set a “buy” rating on the stock in a report on Friday, January 16th. Wells Fargo & Company began coverage on shares of GFL Environmental in a research note on Thursday, November 13th. They issued an “overweight” rating for the company. Scotiabank decreased their price objective on shares of GFL Environmental from $57.00 to $56.00 and set a “sector outperform” rating for the company in a report on Thursday, February 12th. Finally, Royal Bank Of Canada increased their price objective on shares of GFL Environmental from $59.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, GFL Environmental has a consensus rating of “Moderate Buy” and an average price target of $56.67.

GFL Environmental Price Performance

NYSE GFL opened at $44.62 on Monday. The business’s fifty day moving average is $43.20 and its 200 day moving average is $44.85. GFL Environmental Inc. has a fifty-two week low of $40.83 and a fifty-two week high of $52.00. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.58 and a current ratio of 0.58. The company has a market capitalization of $15.97 billion, a PE ratio of 6.56, a price-to-earnings-growth ratio of 3.47 and a beta of 0.86.

GFL Environmental (NYSE:GFL) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.12. GFL Environmental had a return on equity of 3.66% and a net margin of 56.61%.The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the prior year, the business posted ($0.58) earnings per share. The business’s quarterly revenue was up 7.3% on a year-over-year basis. Sell-side analysts predict that GFL Environmental Inc. will post 0.58 earnings per share for the current year.

GFL Environmental Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Tuesday, January 13th were paid a dividend of $0.0154 per share. The ex-dividend date was Tuesday, January 13th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.1%. GFL Environmental’s payout ratio is 0.88%.

GFL Environmental Profile

GFL Environmental Inc is a leading North American provider of diversified environmental services, offering comprehensive solutions across solid waste management, liquid waste management, soil remediation and infrastructure services. The company’s core business activities include residential, commercial and industrial waste collection, recycling, composting and landfill management. In addition to traditional waste services, GFL provides specialized liquid waste hauling, treatment and disposal services as well as environmental consulting to support industrial and municipal clients in meeting regulatory and sustainability goals.

Founded in 2007 by entrepreneur Patrick Dovigi, GFL Environmental has pursued an aggressive growth strategy driven by strategic acquisitions and organic expansion.