GFL Environmental Inc. (NYSE:GFL) is Clarkston Capital Partners LLC’s 7th Largest Position

Clarkston Capital Partners LLC lowered its holdings in shares of GFL Environmental Inc. (NYSE:GFL) by 12.4% during the 4th quarter, HoldingsChannel reports. The fund owned 5,318,610 shares of the company’s stock after selling 754,240 shares during the period. GFL Environmental accounts for approximately 4.5% of Clarkston Capital Partners LLC’s portfolio, making the stock its 7th biggest holding. Clarkston Capital Partners LLC’s holdings in GFL Environmental were worth $236,891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in GFL. Generate Investment Management Ltd bought a new stake in shares of GFL Environmental in the 4th quarter worth approximately $15,041,000. Tobam bought a new stake in GFL Environmental in the fourth quarter worth $1,846,000. Duff & Phelps Investment Management Co. boosted its holdings in GFL Environmental by 14.6% in the third quarter. Duff & Phelps Investment Management Co. now owns 310,918 shares of the company’s stock worth $12,399,000 after acquiring an additional 39,558 shares in the last quarter. National Bank of Canada FI grew its stake in shares of GFL Environmental by 16.9% in the third quarter. National Bank of Canada FI now owns 214,007 shares of the company’s stock worth $8,536,000 after acquiring an additional 31,003 shares during the last quarter. Finally, Bleakley Financial Group LLC increased its holdings in shares of GFL Environmental by 9.9% during the fourth quarter. Bleakley Financial Group LLC now owns 7,954 shares of the company’s stock valued at $354,000 after acquiring an additional 718 shares in the last quarter. Institutional investors own 64.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. National Bankshares reissued an “outperform” rating on shares of GFL Environmental in a research report on Tuesday, March 11th. UBS Group increased their price target on shares of GFL Environmental from $50.00 to $57.00 and gave the company a “buy” rating in a report on Friday. Citigroup raised their price target on shares of GFL Environmental from $51.00 to $56.00 and gave the company a “buy” rating in a research report on Wednesday. Truist Financial upped their price objective on GFL Environmental from $54.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $53.00 target price on shares of GFL Environmental in a report on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, GFL Environmental presently has an average rating of “Moderate Buy” and an average price target of $51.38.

GFL Environmental Price Performance

NYSE GFL opened at $44.76 on Friday. 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 Inc. has a 1-year low of $30.57 and a 1-year high of $49.35. The stock has a market capitalization of $17.61 billion, a price-to-earnings ratio of -33.65 and a beta of 1.09. The business’s fifty day moving average price is $46.15 and its 200-day moving average price is $44.20.

GFL Environmental (NYSE:GFL) last posted its earnings results on Monday, February 24th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.98 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. On average, equities analysts predict that GFL Environmental Inc. will post 0.58 earnings per share for the current year.

GFL Environmental Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 14th will be issued a $0.0154 dividend. This is an increase 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 0.14%. GFL Environmental’s dividend payout ratio (DPR) is presently -3.23%.

GFL Environmental 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.