Mount Yale Investment Advisors LLC Decreases Position in GFL Environmental Inc. (NYSE:GFL)

Mount Yale Investment Advisors LLC trimmed its holdings in GFL Environmental Inc. (NYSE:GFL) by 2.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,682 shares of the company’s stock after selling 591 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in GFL Environmental were worth $1,078,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Capital Research Global Investors grew its position in shares of GFL Environmental by 17.4% in the 1st quarter. Capital Research Global Investors now owns 19,851,514 shares of the company’s stock valued at $684,877,000 after buying an additional 2,935,811 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of 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 purchasing an additional 683,120 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of GFL Environmental by 13.2% during the fourth quarter. CIBC Asset Management Inc now owns 2,520,450 shares of the company’s stock worth $87,225,000 after purchasing an additional 294,432 shares in the last quarter. Norges Bank purchased a new stake in shares of GFL Environmental in the 4th quarter valued at about $85,441,000. Finally, Jennison Associates LLC boosted its position in shares of GFL Environmental by 3.3% in the 1st quarter. Jennison Associates LLC now owns 1,377,478 shares of the company’s stock valued at $47,523,000 after purchasing an additional 44,517 shares during the period. 64.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Raymond James boosted their price objective on GFL Environmental from $43.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, July 22nd. BMO Capital Markets cut shares of GFL Environmental from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $43.00 to $42.00 in a research note on Tuesday, July 9th. Finally, 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 research note on Friday, August 2nd. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $42.64.

GFL Environmental Stock Performance

NYSE GFL opened at $39.27 on Monday. The stock has a market capitalization of $14.78 billion, a price-to-earnings ratio of 38.13 and a beta of 1.16. The business’s 50 day moving average is $40.30 and its two-hundred day moving average is $36.76. GFL Environmental Inc. has a 12-month low of $26.87 and a 12-month high of $43.79. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.45.

GFL Environmental (NYSE:GFL) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.51 billion. GFL Environmental had a positive return on equity of 3.32% and a negative net margin of 8.78%. Research analysts expect that GFL Environmental Inc. will post 0.62 EPS for the current year.

GFL Environmental Dividend Announcement

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

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.