Duff & Phelps Investment Management Co. Trims Position in GFL Environmental Inc. $GFL

Duff & Phelps Investment Management Co. reduced its holdings in GFL Environmental Inc. (NYSE:GFL) by 11.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 257,232 shares of the company’s stock after selling 31,893 shares during the period. Duff & Phelps Investment Management Co.’s holdings in GFL Environmental were worth $12,188,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GFL. Berbice Capital Management LLC purchased a new position in shares of GFL Environmental during the second quarter worth $25,000. EverSource Wealth Advisors LLC boosted its holdings in GFL Environmental by 43.1% in the second quarter. EverSource Wealth Advisors LLC now owns 727 shares of the company’s stock valued at $37,000 after purchasing an additional 219 shares during the last quarter. Compass Financial Services Inc boosted its holdings in GFL Environmental by 63.0% in the second quarter. Compass Financial Services Inc now owns 820 shares of the company’s stock valued at $41,000 after purchasing an additional 317 shares during the last quarter. Jones Financial Companies Lllp grew its position in GFL Environmental by 21.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,606 shares of the company’s stock worth $75,000 after purchasing an additional 289 shares during the period. Finally, First Horizon Corp acquired a new stake in GFL Environmental during the 3rd quarter worth about $116,000. Institutional investors and hedge funds own 64.70% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on GFL shares. JPMorgan Chase & Co. boosted their price objective on GFL Environmental from $46.75 to $48.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Citigroup dropped their target price on GFL Environmental from $58.00 to $56.00 and set a “buy” rating on the stock in a report on Friday, January 16th. Royal Bank Of Canada lifted their price target on GFL Environmental from $59.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. Weiss Ratings downgraded GFL Environmental from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, February 9th. Finally, Scotiabank lowered their price objective on GFL Environmental from $57.00 to $56.00 and set a “sector outperform” rating on the stock in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $56.67.

GFL Environmental Trading Down 0.4%

Shares of GFL Environmental stock opened at $43.33 on Thursday. The firm has a 50-day simple moving average of $43.23 and a two-hundred day simple moving average of $44.74. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.58 and a current ratio of 0.58. GFL Environmental Inc. has a fifty-two week low of $40.83 and a fifty-two week high of $52.00. The company has a market cap of $15.51 billion, a P/E ratio of 6.37, a price-to-earnings-growth ratio of 3.39 and a beta of 0.86.

GFL Environmental (NYSE:GFL) last posted its earnings results on Wednesday, February 11th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.12. GFL Environmental had a return on equity of 3.66% and a net margin of 56.61%.The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period last year, the firm earned ($0.58) EPS. The company’s quarterly revenue was up 7.3% on a year-over-year basis. As a group, equities analysts predict that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Tuesday, January 13th were given a $0.0154 dividend. The ex-dividend date was Tuesday, January 13th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.1%. GFL Environmental’s dividend payout ratio is 0.88%.

GFL Environmental Profile

GFL Environmental Inc is a leading North American provider of diversified environmental services, offering comprehensive solutions across solid waste management, liquid waste management, soil remediation and infrastructure services. The company’s core business activities include residential, commercial and industrial waste collection, recycling, composting and landfill management. In addition to traditional waste services, GFL provides specialized liquid waste hauling, treatment and disposal services as well as environmental consulting to support industrial and municipal clients in meeting regulatory and sustainability goals.

Founded in 2007 by entrepreneur Patrick Dovigi, GFL Environmental has pursued an aggressive growth strategy driven by strategic acquisitions and organic expansion.