Tema Etfs LLC Sells 16,353 Shares of GFL Environmental Inc. $GFL

Tema Etfs LLC lowered its holdings in shares of GFL Environmental Inc. (NYSE:GFL) by 35.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,106 shares of the company’s stock after selling 16,353 shares during the quarter. Tema Etfs LLC’s holdings in GFL Environmental were worth $1,519,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Cetera Investment Advisers boosted its stake in GFL Environmental by 43.1% in the 1st quarter. Cetera Investment Advisers now owns 17,516 shares of the company’s stock worth $846,000 after purchasing an additional 5,278 shares during the period. LPL Financial LLC lifted its holdings in shares of GFL Environmental by 14.2% in the first quarter. LPL Financial LLC now owns 146,485 shares of the company’s stock worth $7,077,000 after buying an additional 18,232 shares in the last quarter. XTX Topco Ltd bought a new position in shares of GFL Environmental during the first quarter worth $259,000. US Bancorp DE boosted its position in shares of GFL Environmental by 25.1% during the first quarter. US Bancorp DE now owns 3,614 shares of the company’s stock worth $175,000 after acquiring an additional 724 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in GFL Environmental by 22.9% during the first quarter. PNC Financial Services Group Inc. now owns 9,838 shares of the company’s stock valued at $475,000 after acquiring an additional 1,831 shares in the last quarter. 64.70% of the stock is owned by hedge funds and other institutional investors.

GFL Environmental Price Performance

NYSE:GFL opened at $44.66 on Friday. The firm has a market capitalization of $16.23 billion, a price-to-earnings ratio of 7.00 and a beta of 0.89. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.69 and a quick ratio of 0.69. The business has a 50 day simple moving average of $45.14 and a 200-day simple moving average of $47.62. GFL Environmental Inc. has a 1 year low of $41.29 and a 1 year high of $52.00.

GFL Environmental (NYSE:GFL) last released its earnings results on Wednesday, November 5th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.02). GFL Environmental had a net margin of 50.99% and a return on equity of 3.06%. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same period in the prior year, the firm posted $0.33 EPS. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. Equities analysts forecast that GFL Environmental Inc. will post 0.58 EPS for the current year.

GFL Environmental Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th were paid a $0.0154 dividend. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a $0.06 annualized dividend and a dividend yield of 0.1%. GFL Environmental’s dividend payout ratio is currently 0.94%.

Analyst Upgrades and Downgrades

Several brokerages have commented on GFL. JPMorgan Chase & Co. decreased their price target on shares of GFL Environmental from $54.00 to $46.75 and set a “neutral” rating on the stock in a research note on Friday, November 7th. Barclays started coverage on GFL Environmental in a research report on Friday, September 19th. They issued an “overweight” rating and a $62.00 target price on the stock. Weiss Ratings restated a “buy (b)” rating on shares of GFL Environmental in a report on Wednesday, October 8th. William Blair assumed coverage on GFL Environmental in a research note on Thursday, September 25th. They issued an “outperform” rating on the stock. Finally, Wells Fargo & Company started coverage on GFL Environmental in a research report on Thursday, November 13th. They set an “overweight” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, GFL Environmental has an average rating of “Buy” and an average price target of $57.08.

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.