Copeland Capital Management LLC Trims Holdings in GFL Environmental Inc. (NYSE:GFL)

Copeland Capital Management LLC trimmed its position in GFL Environmental Inc. (NYSE:GFL) by 19.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 729,884 shares of the company’s stock after selling 175,699 shares during the quarter. Copeland Capital Management LLC owned about 0.19% of GFL Environmental worth $35,261,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Erste Asset Management GmbH grew its holdings in GFL Environmental by 2.0% during the fourth quarter. Erste Asset Management GmbH now owns 13,371 shares of the company’s stock worth $597,000 after acquiring an additional 261 shares during the period. Metis Global Partners LLC grew its holdings in GFL Environmental by 5.4% during the fourth quarter. Metis Global Partners LLC now owns 5,790 shares of the company’s stock worth $258,000 after acquiring an additional 298 shares during the period. Blue Trust Inc. grew its holdings in GFL Environmental by 124.9% during the fourth quarter. Blue Trust Inc. now owns 551 shares of the company’s stock worth $25,000 after acquiring an additional 306 shares during the period. US Bancorp DE grew its holdings in GFL Environmental by 12.5% during the fourth quarter. US Bancorp DE now owns 2,890 shares of the company’s stock worth $129,000 after acquiring an additional 321 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its holdings in GFL Environmental by 1.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 31,503 shares of the company’s stock worth $1,403,000 after acquiring an additional 351 shares during the period. 64.70% of the stock is currently owned by hedge funds and other institutional investors.

GFL Environmental Stock Down 1.7%

Shares of GFL opened at $49.71 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.82 and a current ratio of 0.82. GFL Environmental Inc. has a one year low of $37.00 and a one year high of $52.00. The stock has a market capitalization of $18.23 billion, a price-to-earnings ratio of 10.19 and a beta of 1.04. The stock has a 50 day moving average price of $49.58 and a 200 day moving average price of $46.93.

GFL Environmental (NYSE:GFL) last announced its earnings results on Wednesday, April 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.10). The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.52 billion. GFL Environmental had a return on equity of 3.93% and a net margin of 36.01%. The firm’s revenue was down 13.4% on a year-over-year basis. Equities research analysts forecast that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, April 14th were paid a $0.0154 dividend. This is an increase from GFL Environmental’s previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a dividend yield of 0.12%. GFL Environmental’s dividend payout ratio (DPR) is currently 1.23%.

Wall Street Analyst Weigh In

Several research firms recently commented on GFL. Scotiabank reaffirmed an “outperform” rating on shares of GFL Environmental in a report on Monday, May 5th. National Bankshares reaffirmed an “outperform” rating on shares of GFL Environmental in a report on Tuesday, March 11th. Seaport Res Ptn raised GFL Environmental to a “strong-buy” rating in a report on Tuesday, May 6th. JPMorgan Chase & Co. assumed coverage on GFL Environmental in a report on Friday, May 23rd. They issued a “neutral” rating and a $54.00 price objective on the stock. Finally, Truist Financial raised their price objective on GFL Environmental from $54.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, April 2nd. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $54.50.

GFL Environmental Company 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.