Central Pacific Bank Trust Division Sells 611 Shares of GFL Environmental Inc. (NYSE:GFL)

Central Pacific Bank Trust Division decreased its position in shares of GFL Environmental Inc. (NYSE:GFL) by 33.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,205 shares of the company’s stock after selling 611 shares during the quarter. Central Pacific Bank Trust Division’s holdings in GFL Environmental were worth $54,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Continuum Advisory LLC raised its position in shares of GFL Environmental by 60.6% during the third quarter. Continuum Advisory LLC now owns 673 shares of the company’s stock valued at $29,000 after buying an additional 254 shares during the last quarter. Truist Financial Corp grew its stake in GFL Environmental by 1.8% during the second quarter. Truist Financial Corp now owns 15,463 shares of the company’s stock valued at $602,000 after acquiring an additional 268 shares in the last quarter. Signaturefd LLC increased its holdings in GFL Environmental by 30.7% in the 3rd quarter. Signaturefd LLC now owns 2,808 shares of the company’s stock valued at $112,000 after acquiring an additional 659 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in GFL Environmental by 3.2% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 21,597 shares of the company’s stock worth $838,000 after purchasing an additional 664 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of GFL Environmental by 2.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,293 shares of the company’s stock valued at $1,769,000 after purchasing an additional 848 shares during the last quarter. Institutional investors own 64.70% of the company’s stock.

GFL Environmental Stock Up 0.0 %

Shares of GFL opened at $44.63 on Monday. 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 52-week low of $30.57 and a 52-week high of $48.87. The company has a market cap of $17.56 billion, a PE ratio of -33.56 and a beta of 1.17. The business has a fifty day moving average of $44.75 and a 200 day moving average of $41.69.

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

GFL Environmental Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 13th will be issued a $0.014 dividend. The ex-dividend date of this dividend is Monday, January 13th. This represents a $0.06 annualized dividend and a dividend yield of 0.13%. GFL Environmental’s payout ratio is -3.76%.

Analyst Upgrades and Downgrades

GFL has been the topic of several research reports. Raymond James lifted their target price on GFL Environmental from $47.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. UBS Group upped their price objective on GFL Environmental from $47.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Scotiabank raised their target price on shares of GFL Environmental from $50.00 to $51.00 and gave the company a “sector outperform” rating in a report on Friday, November 8th. Finally, Truist Financial boosted their price target on shares of GFL Environmental from $46.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $45.80.

About GFL Environmental

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.