Deutsche Bank AG Sells 24,175 Shares of GFL Environmental Inc. (NYSE:GFL)

Deutsche Bank AG lessened its position in GFL Environmental Inc. (NYSE:GFL) by 0.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,858,378 shares of the company’s stock after selling 24,175 shares during the period. Deutsche Bank AG owned about 0.98% of GFL Environmental worth $171,852,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in GFL. Generate Investment Management Ltd bought a new position in GFL Environmental in the 4th quarter valued at approximately $15,041,000. Tobam purchased a new position in shares of GFL Environmental in the fourth quarter worth $1,846,000. Raymond James Financial Inc. bought a new position in shares of GFL Environmental during the fourth quarter valued at $18,836,000. Bleakley Financial Group LLC boosted its position 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 buying an additional 718 shares during the last quarter. Finally, Quaero Capital S.A. increased its holdings in GFL Environmental by 35.1% in the 4th quarter. Quaero Capital S.A. now owns 37,310 shares of the company’s stock worth $1,662,000 after buying an additional 9,690 shares in the last quarter. Hedge funds and other institutional investors own 64.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GFL. Raymond James reaffirmed an “outperform” rating and set a $57.00 price target (up previously from $56.00) on shares of GFL Environmental in a report on Friday, May 2nd. Citigroup cut their target price on shares of GFL Environmental from $56.00 to $53.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Stifel Nicolaus raised GFL Environmental from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. Royal Bank of Canada upped their price objective on GFL Environmental from $53.00 to $56.00 and gave the company an “outperform” rating in a research report on Monday, May 5th. Finally, Truist Financial raised their target price on GFL Environmental from $54.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, April 2nd. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $54.14.

GFL Environmental Stock Performance

NYSE:GFL opened at $49.62 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a 50-day simple moving average of $47.92 and a two-hundred day simple moving average of $45.66. The firm has a market capitalization of $19.52 billion, a PE ratio of -37.31 and a beta of 1.08. GFL Environmental Inc. has a 52-week low of $30.57 and a 52-week high of $52.00.

GFL Environmental (NYSE:GFL) last announced its quarterly earnings data on Wednesday, April 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.10). GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.52 billion. The company’s revenue was down 13.4% on a year-over-year basis. Analysts forecast that GFL Environmental Inc. will post 0.58 EPS for the current year.

GFL Environmental Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, April 14th were given a dividend of $0.0154 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.12%. This is an increase from GFL Environmental’s previous quarterly dividend of $0.01. GFL Environmental’s dividend payout ratio (DPR) is presently 1.23%.

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.