GFL Environmental Inc. (NYSE:GFL) Shares Sold by AGF Management Ltd.

AGF Management Ltd. trimmed its stake in shares of GFL Environmental Inc. (NYSE:GFL) by 63.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 83,007 shares of the company’s stock after selling 143,753 shares during the quarter. AGF Management Ltd.’s holdings in GFL Environmental were worth $3,233,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Tobam bought a new stake in shares of GFL Environmental during the first quarter valued at about $25,000. Headlands Technologies LLC purchased a new position in shares of GFL Environmental during the 1st quarter valued at $39,000. Cape Investment Advisory Inc. increased its stake in shares of GFL Environmental by 325.0% in the first quarter. Cape Investment Advisory Inc. now owns 1,275 shares of the company’s stock worth $44,000 after acquiring an additional 975 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of GFL Environmental by 51.1% during the second quarter. Fifth Third Bancorp now owns 1,358 shares of the company’s stock worth $53,000 after acquiring an additional 459 shares in the last quarter. Finally, Central Pacific Bank Trust Division acquired a new stake in GFL Environmental during the first quarter valued at $69,000. 64.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GFL. BMO Capital Markets downgraded GFL Environmental from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $43.00 to $42.00 in a research note on Tuesday, July 9th. Royal Bank of Canada raised their price target on shares of GFL Environmental from $46.00 to $48.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Finally, Raymond James lifted their price objective on shares of GFL Environmental from $43.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, July 22nd. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $42.64.

GFL Environmental Stock Down 1.2 %

GFL Environmental stock opened at $40.27 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.89 and a quick ratio of 0.89. GFL Environmental Inc. has a fifty-two week low of $26.87 and a fifty-two week high of $43.79. The firm has a fifty day moving average price of $40.18 and a two-hundred day moving average price of $36.57. The firm has a market cap of $15.16 billion, a price-to-earnings ratio of 83.04 and a beta of 1.16.

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

GFL Environmental Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th were issued a dividend of $0.014 per share. The ex-dividend date was Monday, July 15th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.14%.

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.