GFL Environmental Inc. (NYSE:GFL) Shares Sold by Assetmark Inc.

Assetmark Inc. lessened its stake in GFL Environmental Inc. (NYSE:GFL) by 54.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 799 shares of the company’s stock after selling 960 shares during the quarter. Assetmark Inc.’s holdings in GFL Environmental were worth $36,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GFL. Fred Alger Management LLC raised its holdings in shares of GFL Environmental by 64.3% during the third quarter. Fred Alger Management LLC now owns 10,221,130 shares of the company’s stock worth $407,619,000 after purchasing an additional 3,999,363 shares during the period. Soros Fund Management LLC lifted its stake in GFL Environmental by 487.0% in the third quarter. Soros Fund Management LLC now owns 3,156,327 shares of the company’s stock valued at $125,874,000 after buying an additional 2,618,589 shares during the last quarter. FMR LLC boosted its holdings in shares of GFL Environmental by 7.4% during the third quarter. FMR LLC now owns 25,158,657 shares of the company’s stock valued at $1,003,591,000 after acquiring an additional 1,728,598 shares during the period. Brown Brothers Harriman & Co. grew its position in shares of GFL Environmental by 162.0% during the third quarter. Brown Brothers Harriman & Co. now owns 1,271,161 shares of the company’s stock worth $50,694,000 after acquiring an additional 786,044 shares during the last quarter. Finally, Maverick Capital Ltd. increased its holdings in shares of GFL Environmental by 11.3% in the 3rd quarter. Maverick Capital Ltd. now owns 3,658,190 shares of the company’s stock worth $145,889,000 after acquiring an additional 372,534 shares during the period. 64.70% of the stock is owned by institutional investors.

GFL Environmental Price Performance

Shares of NYSE:GFL opened at $46.24 on Friday. The company has a market cap of $18.19 billion, a P/E ratio of -34.77 and a beta of 1.16. The company’s fifty day moving average is $44.75 and its two-hundred day moving average is $43.50. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.27. GFL Environmental Inc. has a 12-month low of $30.57 and a 12-month high of $48.87.

GFL Environmental (NYSE:GFL) last announced its quarterly earnings data on Monday, February 24th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.98 billion. Equities analysts expect that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 13th were paid a $0.014 dividend. The ex-dividend date was Monday, January 13th. This represents a $0.06 annualized dividend and a dividend yield of 0.12%. GFL Environmental’s payout ratio is -3.23%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GFL. Stifel Nicolaus raised GFL Environmental from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. Citigroup started coverage on GFL Environmental in a research note on Monday, January 27th. They issued a “buy” rating and a $53.00 price target for the company. Royal Bank of Canada restated an “outperform” rating and set a $53.00 price objective on shares of GFL Environmental in a research note on Monday, February 24th. National Bankshares reiterated an “outperform” rating on shares of GFL Environmental in a research report on Tuesday. Finally, Scotiabank upped their target price on GFL Environmental from $50.00 to $52.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, March 5th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, GFL Environmental has a consensus rating of “Moderate Buy” and an average target price of $49.78.

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.