First Horizon Advisors Inc. Trims Stock Position in GFL Environmental Inc. (NYSE:GFL)

First Horizon Advisors Inc. lessened its stake in shares of GFL Environmental Inc. (NYSE:GFL) by 26.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,858 shares of the company’s stock after selling 673 shares during the period. First Horizon Advisors Inc.’s holdings in GFL Environmental were worth $64,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of GFL. Signaturefd LLC raised its holdings in shares of GFL Environmental by 48.9% in the 4th quarter. Signaturefd LLC now owns 1,178 shares of the company’s stock valued at $41,000 after purchasing an additional 387 shares in the last quarter. Oliver Lagore Vanvalin Investment Group raised its stake in GFL Environmental by 60.1% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 1,209 shares of the company’s stock worth $42,000 after buying an additional 454 shares in the last quarter. Chilton Capital Management LLC purchased a new stake in GFL Environmental during the fourth quarter worth $110,000. Key Financial Inc boosted its position in GFL Environmental by 393.0% during the 4th quarter. Key Financial Inc now owns 3,594 shares of the company’s stock valued at $124,000 after acquiring an additional 2,865 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of GFL Environmental in the 3rd quarter valued at $328,000. Hedge funds and other institutional investors own 64.70% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on GFL. Wells Fargo & Company boosted their price objective on shares of GFL Environmental from $30.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. BMO Capital Markets boosted their price target on GFL Environmental from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Jefferies Financial Group lifted their target price on GFL Environmental from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Bank of America lowered GFL Environmental from a “buy” rating to a “neutral” rating and set a $35.00 target price on the stock. in a research report on Friday, January 19th. Finally, TD Cowen lifted their price objective on shares of GFL Environmental from $42.00 to $43.00 and gave the company a “buy” rating in a research note on Monday. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $43.08.

GFL Environmental Stock Performance

Shares of NYSE GFL opened at $33.44 on Wednesday. The company has a market capitalization of $12.41 billion, a PE ratio of 51.22 and a beta of 1.15. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.84 and a current ratio of 0.84. The company’s fifty day moving average price is $34.12 and its 200 day moving average price is $32.77. GFL Environmental Inc. has a 1 year low of $26.87 and a 1 year high of $39.06.

GFL Environmental (NYSE:GFL) last posted its earnings results on Tuesday, February 20th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.14). GFL Environmental had a return on equity of 4.51% and a net margin of 1.25%. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.37 billion. On average, research analysts predict that GFL Environmental Inc. will post 0.7 earnings per share for the current year.

GFL Environmental Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th were given a $0.014 dividend. The ex-dividend date of this dividend was Friday, April 12th. This is a boost from GFL Environmental’s previous quarterly dividend of $0.01. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.17%.

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.