Central Pacific Bank Trust Division Sells 611 Shares of GFL Environmental Inc. (NYSE:GFL)

Central Pacific Bank Trust Division decreased its holdings in shares of GFL Environmental Inc. (NYSE:GFL) by 33.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,205 shares of the company’s stock after selling 611 shares during the period. Central Pacific Bank Trust Division’s holdings in GFL Environmental were worth $54,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Natixis Advisors LLC increased its position in GFL Environmental by 11.4% during the 2nd quarter. Natixis Advisors LLC now owns 53,318 shares of the company’s stock valued at $2,075,000 after buying an additional 5,471 shares in the last quarter. TD Asset Management Inc grew its stake in shares of GFL Environmental by 15.7% in the second quarter. TD Asset Management Inc now owns 854,581 shares of the company’s stock worth $33,275,000 after acquiring an additional 115,694 shares during the last quarter. National Bank of Canada FI increased its holdings in shares of GFL Environmental by 1.6% during the second quarter. National Bank of Canada FI now owns 183,004 shares of the company’s stock valued at $7,073,000 after acquiring an additional 2,887 shares in the last quarter. Acadian Asset Management LLC purchased a new position in shares of GFL Environmental in the 2nd quarter worth about $201,000. Finally, Andra AP fonden bought a new position in GFL Environmental in the 2nd quarter worth about $90,000. 64.70% of the stock is currently owned by hedge funds and other institutional investors.

GFL Environmental Stock Up 0.0 %

GFL stock opened at $44.63 on Monday. The company has a market cap of $17.56 billion, a price-to-earnings ratio of -33.56 and a beta of 1.17. 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 business’s 50-day moving average is $44.75 and its two-hundred day moving average is $41.69. GFL Environmental Inc. has a fifty-two week low of $30.57 and a fifty-two week high of $48.87.

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

GFL Environmental Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 13th will be issued a dividend of $0.014 per share. This represents a $0.06 annualized dividend and a yield of 0.13%. The ex-dividend date of this dividend is Monday, January 13th. GFL Environmental’s dividend payout ratio is presently -3.76%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on GFL shares. Scotiabank raised their price objective on shares of GFL Environmental from $50.00 to $51.00 and gave the company a “sector outperform” rating in a research note on Friday, November 8th. Truist Financial boosted their price objective on shares of GFL Environmental from $46.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Raymond James increased their target price on GFL Environmental from $47.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, UBS Group boosted their price target on GFL Environmental from $47.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $45.80.

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.