GFL Environmental Inc. (NYSE:GFL) Shares Sold by Metis Global Partners LLC

Metis Global Partners LLC decreased its holdings in shares of GFL Environmental Inc. (NYSE:GFL) by 5.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 5,492 shares of the company’s stock after selling 341 shares during the quarter. Metis Global Partners LLC’s holdings in GFL Environmental were worth $219,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Intech Investment Management LLC purchased a new position in GFL Environmental in the 1st quarter valued at $342,000. Vanguard Group Inc. boosted its holdings in shares of GFL Environmental by 9.4% in the first quarter. Vanguard Group Inc. now owns 7,914,590 shares of the company’s stock valued at $273,053,000 after acquiring an additional 683,120 shares in the last quarter. UniSuper Management Pty Ltd boosted its holdings in shares of GFL Environmental by 63.2% in the first quarter. UniSuper Management Pty Ltd now owns 3,100 shares of the company’s stock valued at $107,000 after acquiring an additional 1,200 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its stake in shares of GFL Environmental by 36.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 79,721 shares of the company’s stock worth $2,746,000 after acquiring an additional 21,254 shares during the period. Finally, Toronto Dominion Bank raised its holdings in GFL Environmental by 33.8% during the first quarter. Toronto Dominion Bank now owns 74,152 shares of the company’s stock worth $2,558,000 after purchasing an additional 18,742 shares in the last quarter. Hedge funds and other institutional investors own 64.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on GFL. Truist Financial boosted their target price on GFL Environmental from $46.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Raymond James increased their price objective on GFL Environmental from $47.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Scotiabank raised their target price on GFL Environmental from $50.00 to $51.00 and gave the company a “sector outperform” rating in a report on Friday, November 8th. UBS Group upped their price target on shares of GFL Environmental from $47.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Royal Bank of Canada raised their price objective on shares of GFL Environmental from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $45.80.

GFL Environmental Stock Up 1.2 %

Shares of NYSE GFL opened at $45.59 on Wednesday. The firm’s 50-day moving average is $41.32 and its two-hundred day moving average is $39.02. The company has a market capitalization of $17.17 billion, a PE ratio of -34.28 and a beta of 1.15. GFL Environmental Inc. has a 12-month low of $26.87 and a 12-month high of $46.48. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.58 and a quick ratio of 0.58.

GFL Environmental (NYSE:GFL) last posted its earnings results on Wednesday, November 6th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.49 billion. Equities analysts anticipate that GFL Environmental Inc. will post 0.6 EPS for the current fiscal year.

GFL Environmental Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Wednesday, October 16th were paid a $0.014 dividend. This represents a $0.06 annualized dividend and a yield of 0.12%. The ex-dividend date of this dividend was Wednesday, October 16th. GFL Environmental’s payout ratio is -4.51%.

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.