Charles Schwab Investment Management Inc. Lowers Stock Holdings in GFL Environmental Inc. (NYSE:GFL)

Charles Schwab Investment Management Inc. lowered its stake in shares of GFL Environmental Inc. (NYSE:GFL) by 0.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 503,813 shares of the company’s stock after selling 2,354 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in GFL Environmental were worth $20,119,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Fifth Third Bancorp boosted its position in GFL Environmental by 51.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,358 shares of the company’s stock valued at $53,000 after buying an additional 459 shares during the period. Spartan Fund Management Inc. purchased a new position in shares of GFL Environmental during the 3rd quarter worth approximately $60,000. Tobam raised its holdings in GFL Environmental by 139.5% in the second quarter. Tobam now owns 1,751 shares of the company’s stock worth $68,000 after purchasing an additional 1,020 shares in the last quarter. Avior Wealth Management LLC purchased a new position in GFL Environmental during the 3rd quarter valued at about $82,000. Finally, Signaturefd LLC lifted its holdings in shares of GFL Environmental by 23.5% during the second quarter. Signaturefd LLC now owns 2,149 shares of the company’s stock valued at $84,000 after purchasing an additional 409 shares during the last quarter. Hedge funds and other institutional investors own 64.70% of the company’s stock.

Analysts Set New Price Targets

GFL has been the topic of a number of analyst reports. Truist Financial upped their price target on shares of GFL Environmental from $46.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. UBS Group lifted their price objective on GFL Environmental from $47.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Scotiabank upped their price objective on GFL Environmental from $50.00 to $51.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 8th. Finally, Raymond James lifted their price target on shares of GFL Environmental from $47.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $45.80.

GFL Environmental Stock Down 0.7 %

GFL Environmental stock opened at $46.03 on Friday. The business’s 50-day simple moving average is $42.89 and its two-hundred day simple moving average is $40.11. The company has a market cap of $18.11 billion, a PE ratio of -34.61 and a beta of 1.16. GFL Environmental Inc. has a fifty-two week low of $28.21 and a fifty-two week high of $48.87. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.58 and a current ratio of 0.58.

GFL Environmental (NYSE:GFL) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.23 by $0.01. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.49 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. Equities analysts anticipate that GFL Environmental Inc. will post 0.59 EPS for the current year.

GFL Environmental Dividend Announcement

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

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.