GFL Environmental Inc. (NYSE:GFL) Shares Sold by Interval Partners LP

Interval Partners LP decreased its position in GFL Environmental Inc. (NYSE:GFL) by 19.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 276,363 shares of the company’s stock after selling 66,633 shares during the period. Interval Partners LP’s holdings in GFL Environmental were worth $10,759,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in GFL. Tobam acquired a new position in GFL Environmental during the first quarter worth $25,000. Headlands Technologies LLC acquired a new position in GFL Environmental in the 1st quarter valued at about $39,000. Cape Investment Advisory Inc. increased its stake in GFL Environmental by 325.0% during the first 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 lifted its position in shares of GFL Environmental by 51.1% during the second quarter. Fifth Third Bancorp now owns 1,358 shares of the company’s stock worth $53,000 after purchasing an additional 459 shares in the last quarter. Finally, Central Pacific Bank Trust Division purchased a new position in shares of GFL Environmental in the first quarter valued at approximately $69,000. Institutional investors and hedge funds own 64.70% of the company’s stock.

GFL Environmental Stock Performance

NYSE GFL opened at $39.27 on Monday. The company has a fifty day moving average of $40.30 and a two-hundred day moving average of $36.76. The company has a market capitalization of $14.78 billion, a PE ratio of 38.13 and a beta of 1.16. GFL Environmental Inc. has a 1 year low of $26.87 and a 1 year high of $43.79. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.89 and a quick ratio of 0.89.

GFL Environmental (NYSE:GFL) last posted its earnings results on Wednesday, July 31st. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.51 billion. GFL Environmental had a positive return on equity of 3.32% and a negative net margin of 8.78%. As a group, analysts expect that GFL Environmental Inc. will post 0.62 earnings per share for the current year.

GFL Environmental Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th were issued a $0.014 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.14%. The ex-dividend date of this dividend was Monday, July 15th. GFL Environmental’s payout ratio is currently 4.85%.

Analysts Set New Price Targets

Several brokerages recently weighed in on GFL. BMO Capital Markets downgraded shares of GFL Environmental from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $43.00 to $42.00 in a research note on Tuesday, July 9th. Raymond James upped their price objective on GFL Environmental from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. Finally, 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 report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $42.64.

About GFL Environmental

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.