Zurcher Kantonalbank Zurich Cantonalbank reduced its holdings of shares in GFL Environmental Inc. (NYSE: GFL – Get Rating) by 50.0% during the 1st quarter, reports Holdings Channel.com. The institutional investor held 38,425 shares of the company after selling 38,494 shares during the period. Zürcher Kantonalbank’s stake in GFL Environmental was worth $1,251,000 when it last filed with the SEC.
A number of other institutional investors and hedge funds also changed their positions in the stock. DekaBank Deutsche Girozentrale increased its stake in GFL Environmental by 0.9% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 72,476 shares of the company worth $2,713,000 after purchasing an additional 626 shares during the period. Parallel Advisors LLC acquired a new stake in GFL Environmental during the 4th quarter for a value of approximately $26,000. Key Financial Inc acquired a new position in GFL Environmental during Q4 worth approximately $28,000. First Hawaiian Bank increased its stake in GFL Environmental by 13.8% in the 1st quarter. First Hawaiian Bank now owns 6,981 shares of the company worth $227,000 after acquiring 848 additional shares in the last quarter. Finally, Fifth Third Bancorp acquired a new position in GFL Environmental during Q4 worth approximately $35,000. 71.01% of the shares are currently held by hedge funds and other institutional investors.
Shares of GFL Environmental opened at $25.81 on Friday. The company has a market capitalization of $8.73 billion, a P/E ratio of -35.85 and a beta of 1.39. The company has a debt ratio of 1.45, a quick ratio of 0.72 and a current ratio of 0.72. GFL Environmental Inc. has a one-year low of $24.16 and a one-year high of $43.71. The company has a fifty-day moving average of $28.14 and a two-hundred-day moving average of $30.65.
GFL Environmental (NYSE:GFL – Get Rating) last reported quarterly results on Wednesday, May 4. The company reported earnings per share (EPS) of $0.05 for the quarter, beating analyst consensus estimates of ($0.03) by $0.08. The company posted revenue of $1.11 billion in the quarter, versus a consensus estimate of $1.04 billion. GFL Environmental posted a negative net margin of 4.68% and a positive return on equity of 2.93%. As a group, stock analysts predict GFL Environmental Inc. will post earnings per share of 0.53 for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 29. Shareholders of record on Monday, July 18 will receive a dividend of $0.012. The ex-dividend date is Friday, July 15. This represents a dividend of $0.05 on an annualized basis and a dividend yield of 0.19%. GFL Environmental’s dividend payout ratio is currently -6.94%.
Several research analysts have commented on GFL shares. TD Securities raised its price target on shares of GFL Environmental from C$51.00 to C$53.00 in a Wednesday, May 25 report. Atb Cap Markets reiterated an “outperforming” rating on GFL Environmental shares in a Thursday, March 31 report. National Bank Financial lowered its target price on GFL Environmental shares from C$55.00 to C$53.00 in a report released Friday, April 22. Finally, Raymond James raised his price target on GFL Environmental shares from $41.00 to $42.00 and gave the company an “outperform” rating in a Friday, April 22 report. One equity research analyst gave the stock a hold rating and eight gave the company a buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “moderate buy” and a consensus target price of $46.63.
GFL environmental profile (Get a rating)
GFL Environmental Inc operates as a diversified environmental services company in Canada and the United States. The company offers non-hazardous solid waste management, infrastructure and soil remediation, and liquid waste management services. Its solid waste management business segment includes the collection, transportation, transfer, recycling and disposal of non-hazardous solid waste for municipal, residential, commercial and industrial customers.
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