GFL Environmental Inc. $GFL Shares Sold by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC lowered its position in shares of GFL Environmental Inc. (NYSE:GFL) by 3.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 665,929 shares of the company’s stock after selling 20,877 shares during the quarter. ArrowMark Colorado Holdings LLC owned about 0.18% of GFL Environmental worth $31,552,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Alliancebernstein L.P. boosted its position in GFL Environmental by 1,420.6% during the 3rd quarter. Alliancebernstein L.P. now owns 223,470 shares of the company’s stock worth $10,588,000 after purchasing an additional 208,774 shares during the period. Amundi raised its position in GFL Environmental by 19.5% in the third quarter. Amundi now owns 236,905 shares of the company’s stock valued at $10,912,000 after purchasing an additional 38,701 shares during the period. Freestone Grove Partners LP lifted its stake in shares of GFL Environmental by 203.2% during the third quarter. Freestone Grove Partners LP now owns 340,890 shares of the company’s stock worth $16,151,000 after purchasing an additional 228,445 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of GFL Environmental by 24.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 77,559 shares of the company’s stock worth $3,677,000 after purchasing an additional 15,477 shares in the last quarter. Finally, Balyasny Asset Management L.P. boosted its position in shares of GFL Environmental by 117.7% in the third quarter. Balyasny Asset Management L.P. now owns 289,670 shares of the company’s stock worth $13,726,000 after buying an additional 156,633 shares during the period. Institutional investors and hedge funds own 64.70% of the company’s stock.

GFL Environmental Stock Down 0.6%

Shares of GFL Environmental stock opened at $42.99 on Friday. GFL Environmental Inc. has a 1-year low of $40.83 and a 1-year high of $52.00. The company has a market capitalization of $15.39 billion, a PE ratio of 6.32, a P/E/G ratio of 3.35 and a beta of 0.86. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.58 and a quick ratio of 0.58. The business has a 50-day moving average of $43.24 and a 200-day moving average of $44.65.

GFL Environmental (NYSE:GFL) last released its quarterly earnings results on Wednesday, February 11th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.14 by $0.12. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.67 billion. GFL Environmental had a return on equity of 3.66% and a net margin of 56.61%.The company’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.58) earnings per share. As a group, equities analysts forecast that GFL Environmental Inc. will post 0.58 EPS for the current fiscal year.

GFL Environmental Announces Dividend

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

Wall Street Analysts Forecast Growth

GFL has been the subject of a number of recent research reports. Scotiabank lowered their target price on GFL Environmental from $57.00 to $56.00 and set a “sector outperform” rating for the company in a research note on Thursday, February 12th. The Goldman Sachs Group started coverage on GFL Environmental in a research report on Monday, November 24th. They set a “neutral” rating and a $50.00 price target on the stock. Royal Bank Of Canada upped their price target on GFL Environmental from $59.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. Barclays increased their price objective on shares of GFL Environmental from $62.00 to $63.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Finally, Wolfe Research initiated coverage on shares of GFL Environmental in a research note on Friday. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $56.67.

About GFL Environmental

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.