GFL Environmental Inc. (NYSE:GFL) Shares Sold by First Horizon Advisors Inc.

First Horizon Advisors Inc. cut its stake in shares of GFL Environmental Inc. (NYSE:GFL) by 26.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,858 shares of the company’s stock after selling 673 shares during the period. First Horizon Advisors Inc.’s holdings in GFL Environmental were worth $64,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nordea Investment Management AB lifted its position in shares of GFL Environmental by 16.6% during the fourth quarter. Nordea Investment Management AB now owns 7,384,983 shares of the company’s stock worth $256,259,000 after purchasing an additional 1,053,530 shares in the last quarter. Compound Global Advisors LLC acquired a new position in GFL Environmental in the 4th quarter worth $15,232,000. Barton Investment Management boosted its position in GFL Environmental by 13.6% in the 4th quarter. Barton Investment Management now owns 391,949 shares of the company’s stock valued at $13,526,000 after buying an additional 46,999 shares during the last quarter. Kornitzer Capital Management Inc. KS grew its stake in shares of GFL Environmental by 37.7% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 426,897 shares of the company’s stock valued at $14,732,000 after acquiring an additional 116,897 shares in the last quarter. Finally, Sei Investments Co. increased its position in shares of GFL Environmental by 59.6% during the third quarter. Sei Investments Co. now owns 619,481 shares of the company’s stock worth $19,675,000 after acquiring an additional 231,264 shares during the last quarter. Hedge funds and other institutional investors own 64.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. UBS Group assumed coverage on GFL Environmental in a research note on Wednesday, January 31st. They set a “buy” rating and a $44.00 price objective for the company. Jefferies Financial Group upped their price target on shares of GFL Environmental from $46.00 to $51.00 and gave the company a “buy” rating in a report on Monday, March 18th. BMO Capital Markets increased their price objective on shares of GFL Environmental from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Royal Bank of Canada started coverage on shares of GFL Environmental in a research report on Monday, April 8th. They issued an “outperform” rating and a $46.00 target price for the company. Finally, TD Cowen increased their price target on shares of GFL Environmental from $42.00 to $43.00 and gave the stock a “buy” rating in a research report on Monday. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $43.08.

GFL Environmental Stock Performance

Shares of GFL stock opened at $33.44 on Wednesday. The company has a market cap of $12.41 billion, a P/E ratio of 51.22 and a beta of 1.15. GFL Environmental Inc. has a 52 week low of $26.87 and a 52 week high of $39.06. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.29. The business has a 50 day moving average of $34.12 and a two-hundred day moving average of $32.77.

GFL Environmental (NYSE:GFL) last issued its earnings results on Tuesday, February 20th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.14). GFL Environmental had a return on equity of 4.51% and a net margin of 1.25%. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.37 billion. As a group, analysts anticipate that GFL Environmental Inc. will post 0.7 EPS for the current year.

GFL Environmental Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th were paid a dividend of $0.014 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.17%. This is a positive change from GFL Environmental’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Friday, April 12th.

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.