Natixis Advisors LLC Sells 10,638 Shares of GFL Environmental Inc. (NYSE:GFL)

Natixis Advisors LLC lessened its holdings in shares of GFL Environmental Inc. (NYSE:GFL) by 20.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,680 shares of the company’s stock after selling 10,638 shares during the quarter. Natixis Advisors LLC’s holdings in GFL Environmental were worth $1,702,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of GFL. Cape Investment Advisory Inc. lifted its position in GFL Environmental by 325.0% during the first quarter. Cape Investment Advisory Inc. now owns 1,275 shares of the company’s stock valued at $44,000 after purchasing an additional 975 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of GFL Environmental by 51.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,358 shares of the company’s stock valued at $53,000 after buying an additional 459 shares in the last quarter. Spartan Fund Management Inc. bought a new position in shares of GFL Environmental during the 3rd quarter valued at approximately $60,000. Tobam grew its stake in shares of GFL Environmental by 139.5% during the 2nd quarter. Tobam now owns 1,751 shares of the company’s stock valued at $68,000 after acquiring an additional 1,020 shares during the period. Finally, Signaturefd LLC increased its holdings in GFL Environmental by 23.5% in the 2nd quarter. Signaturefd LLC now owns 2,149 shares of the company’s stock worth $84,000 after acquiring an additional 409 shares in the last quarter. Institutional investors own 64.70% of the company’s stock.

GFL Environmental Stock Up 2.0 %

Shares of NYSE GFL opened at $46.78 on Tuesday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.27. GFL Environmental Inc. has a 12-month low of $26.87 and a 12-month high of $47.11. The firm’s 50-day moving average price is $41.76 and its 200-day moving average price is $39.39. The stock has a market capitalization of $18.40 billion, a price-to-earnings ratio of -35.17 and a beta of 1.15.

GFL Environmental (NYSE:GFL) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.49 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. On average, equities research analysts anticipate that GFL Environmental Inc. will post 0.59 EPS for the current fiscal year.

GFL Environmental Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Wednesday, October 16th were given a $0.014 dividend. The ex-dividend date of this dividend was Wednesday, October 16th. This represents a $0.06 dividend on an annualized basis and a yield of 0.12%. GFL Environmental’s dividend payout ratio is presently -4.51%.

Analyst Ratings Changes

GFL has been the topic of several analyst reports. Royal Bank of Canada lifted their price target 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 lifted their target price on shares of GFL Environmental from $47.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Scotiabank increased their price target on GFL Environmental from $50.00 to $51.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 8th. UBS Group boosted their price objective on GFL Environmental from $47.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Truist Financial upped their price objective on GFL Environmental from $46.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, GFL Environmental currently has an average rating of “Moderate Buy” and a consensus price target of $45.80.

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.