Metis Global Partners LLC Lowers Stock Holdings in GFL Environmental Inc. (NYSE:GFL)

Metis Global Partners LLC lessened its position in GFL Environmental Inc. (NYSE:GFL) by 5.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,492 shares of the company’s stock after selling 341 shares during the quarter. Metis Global Partners LLC’s holdings in GFL Environmental were worth $219,000 at the end of the most recent reporting period.

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

GFL Environmental Trading Up 1.2 %

NYSE GFL opened at $45.59 on Wednesday. The firm’s fifty day moving average price is $41.32 and its 200 day moving average price is $39.02. GFL Environmental Inc. has a 12 month low of $26.87 and a 12 month high of $46.48. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.58 and a quick ratio of 0.58. The company has a market capitalization of $17.17 billion, a price-to-earnings ratio of -34.28 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, topping the consensus estimate of $0.23 by $0.01. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.49 billion. On average, sell-side analysts expect that GFL Environmental Inc. will post 0.6 earnings per share for the current fiscal year.

GFL Environmental Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. UBS Group increased their price objective on GFL Environmental from $47.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Scotiabank lifted their price objective on 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 GFL Environmental from $46.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Royal Bank of Canada lifted their price target on shares of GFL Environmental from $46.00 to $48.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Finally, Raymond James increased their price objective on shares of GFL Environmental from $47.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, GFL Environmental presently has a consensus rating of “Moderate Buy” and an average price target of $45.80.

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.