GFL Environmental Inc. (NYSE:GFL) Shares Sold by Interval Partners LP

Interval Partners LP lowered its holdings in GFL Environmental Inc. (NYSE:GFL) by 19.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 276,363 shares of the company’s stock after selling 66,633 shares during the quarter. Interval Partners LP owned 0.07% of GFL Environmental worth $10,759,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Capital Research Global Investors grew its position in GFL Environmental by 17.4% during the 1st quarter. Capital Research Global Investors now owns 19,851,514 shares of the company’s stock worth $684,877,000 after purchasing an additional 2,935,811 shares during the period. Vanguard Group Inc. grew its holdings in GFL Environmental by 9.4% during the first quarter. Vanguard Group Inc. now owns 7,914,590 shares of the company’s stock worth $273,053,000 after acquiring an additional 683,120 shares during the period. CIBC Asset Management Inc raised its position in GFL Environmental by 13.2% during the fourth quarter. CIBC Asset Management Inc now owns 2,520,450 shares of the company’s stock valued at $87,225,000 after acquiring an additional 294,432 shares in the last quarter. Norges Bank acquired a new position in GFL Environmental in the fourth quarter valued at approximately $85,441,000. Finally, Jennison Associates LLC boosted its position in GFL Environmental by 3.3% in the 1st quarter. Jennison Associates LLC now owns 1,377,478 shares of the company’s stock worth $47,523,000 after purchasing an additional 44,517 shares in the last quarter. Institutional investors and hedge funds own 64.70% of the company’s stock.

GFL Environmental Stock Performance

GFL opened at $39.27 on Monday. GFL Environmental Inc. has a twelve month low of $26.87 and a twelve month high of $43.79. The firm has a market capitalization of $14.78 billion, a PE ratio of 38.13 and a beta of 1.16. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.45. The firm’s 50-day moving average price is $40.30 and its 200 day moving average price is $36.76.

GFL Environmental (NYSE:GFL) last issued its earnings results on Wednesday, July 31st. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. GFL Environmental had a positive return on equity of 3.32% and a negative net margin of 8.78%. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.51 billion. As a group, sell-side analysts expect that GFL Environmental Inc. will post 0.62 EPS for the current fiscal year.

GFL Environmental Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th were issued a $0.014 dividend. This represents a $0.06 annualized dividend and a yield of 0.14%. The ex-dividend date of this dividend was Monday, July 15th. GFL Environmental’s payout ratio is currently 4.85%.

Wall Street Analyst Weigh In

GFL has been the subject of a number of recent analyst reports. Royal Bank of Canada lifted their price objective on shares of GFL Environmental from $46.00 to $48.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Raymond James increased their price target on GFL Environmental from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. Finally, BMO Capital Markets cut GFL Environmental from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $43.00 to $42.00 in a research report on Tuesday, July 9th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, GFL Environmental has a consensus rating of “Moderate Buy” and a consensus price target of $42.64.

GFL Environmental Company 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.