ArrowMark Colorado Holdings LLC Cuts Stock Position in GFL Environmental Inc. (NYSE:GFL)

ArrowMark Colorado Holdings LLC cut its holdings in shares of GFL Environmental Inc. (NYSE:GFL) by 34.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 879,257 shares of the company’s stock after selling 457,637 shares during the quarter. ArrowMark Colorado Holdings LLC’s holdings in GFL Environmental were worth $35,065,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Truist Financial Corp increased its stake in shares of GFL Environmental by 1.8% during the 2nd quarter. Truist Financial Corp now owns 15,463 shares of the company’s stock worth $602,000 after purchasing an additional 268 shares during the last quarter. Signaturefd LLC increased its position in 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 buying an additional 409 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of GFL Environmental by 51.1% in the second quarter. Fifth Third Bancorp now owns 1,358 shares of the company’s stock valued at $53,000 after buying an additional 459 shares during the period. DekaBank Deutsche Girozentrale lifted its position in shares of GFL Environmental by 3.2% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 21,597 shares of the company’s stock valued at $838,000 after buying an additional 664 shares during the last quarter. Finally, Capital Insight Partners LLC increased its holdings in GFL Environmental by 2.4% in the 2nd quarter. Capital Insight Partners LLC now owns 35,650 shares of the company’s stock worth $1,388,000 after acquiring an additional 820 shares during the last quarter. Hedge funds and other institutional investors own 64.70% of the company’s stock.

Analyst Ratings Changes

GFL has been the subject of a number of research reports. Raymond James increased their target price on shares of GFL Environmental from $47.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Scotiabank lifted 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. UBS Group increased their target price on GFL Environmental from $47.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Truist Financial lifted their price target on GFL Environmental from $46.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $45.80.

GFL Environmental Price Performance

NYSE:GFL opened at $47.10 on Monday. GFL Environmental Inc. has a 52-week low of $27.64 and a 52-week high of $47.16. The stock has a fifty day moving average of $42.34 and a 200 day moving average of $39.81. 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 firm has a market capitalization of $18.53 billion, a price-to-earnings ratio of -35.41 and a beta of 1.15.

GFL Environmental (NYSE:GFL) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. On average, research analysts expect that GFL Environmental Inc. will post 0.59 EPS for the current fiscal year.

GFL Environmental Dividend Announcement

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

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.