UBS Group AG Sells 1,698,013 Shares of GFL Environmental Inc. $GFL

UBS Group AG reduced its position in GFL Environmental Inc. (NYSE:GFLFree Report) by 87.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 248,458 shares of the company’s stock after selling 1,698,013 shares during the quarter. UBS Group AG’s holdings in GFL Environmental were worth $10,671,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of GFL. Jones Financial Companies Lllp boosted its stake in shares of GFL Environmental by 684.5% in the 1st quarter. Jones Financial Companies Lllp now owns 2,573 shares of the company’s stock valued at $124,000 after purchasing an additional 2,245 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of GFL Environmental by 94.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 714,438 shares of the company’s stock valued at $34,514,000 after purchasing an additional 346,394 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in GFL Environmental by 3.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 458,936 shares of the company’s stock worth $22,171,000 after acquiring an additional 14,252 shares in the last quarter. Invesco Ltd. boosted its stake in GFL Environmental by 22.7% during the second quarter. Invesco Ltd. now owns 86,967 shares of the company’s stock worth $4,388,000 after acquiring an additional 16,096 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in GFL Environmental by 43.1% during the second quarter. EverSource Wealth Advisors LLC now owns 727 shares of the company’s stock worth $37,000 after acquiring an additional 219 shares in the last quarter. 64.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on GFL shares. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of GFL Environmental in a research note on Wednesday. Barclays increased their target price on shares of GFL Environmental from $62.00 to $63.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Wolfe Research started coverage on shares of GFL Environmental in a research note on Friday, March 13th. They set an “outperform” rating on the stock. Royal Bank Of Canada increased their target price on shares of GFL Environmental from $59.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Finally, Scotiabank cut their target price on shares of GFL Environmental from $56.00 to $52.00 and set a “sector outperform” rating on the stock in a research note on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $55.00.

Get Our Latest Stock Report on GFL Environmental

GFL Environmental Stock Performance

GFL opened at $37.11 on Friday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.32. The company’s fifty day moving average price is $40.75 and its two-hundred day moving average price is $42.67. GFL Environmental Inc. has a 1-year low of $35.53 and a 1-year high of $51.51. The company has a market cap of $13.28 billion, a price-to-earnings ratio of 115.97, a PEG ratio of 2.89 and a beta of 0.78.

GFL Environmental (NYSE:GFLGet Free Report) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. GFL Environmental had a net margin of 3.09% and a return on equity of 4.53%. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the company posted ($0.09) earnings per share. The business’s revenue was up 5.4% on a year-over-year basis. On average, analysts expect that GFL Environmental Inc. will post 0.54 EPS for the current fiscal year.

GFL Environmental Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Monday, April 13th were issued a $0.0169 dividend. This is an increase from GFL Environmental’s previous quarterly dividend of $0.02. This represents a $0.07 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Monday, April 13th. GFL Environmental’s dividend payout ratio is currently 21.88%.

About GFL Environmental

(Free Report)

GFL Environmental Inc is a leading North American provider of diversified environmental services, offering comprehensive solutions across solid waste management, liquid waste management, soil remediation and infrastructure services. The company’s core business activities include residential, commercial and industrial waste collection, recycling, composting and landfill management. In addition to traditional waste services, GFL provides specialized liquid waste hauling, treatment and disposal services as well as environmental consulting to support industrial and municipal clients in meeting regulatory and sustainability goals.

Founded in 2007 by entrepreneur Patrick Dovigi, GFL Environmental has pursued an aggressive growth strategy driven by strategic acquisitions and organic expansion.

See Also

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Institutional Ownership by Quarter for GFL Environmental (NYSE:GFL)

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