Verde Servicos Internacionais S.A. Sells 105,463 Shares of GFL Environmental Inc. $GFL

Verde Servicos Internacionais S.A. lessened its position in GFL Environmental Inc. (NYSE:GFL) by 33.3% in the first quarter, HoldingsChannel reports. The fund owned 211,142 shares of the company’s stock after selling 105,463 shares during the quarter. GFL Environmental makes up approximately 2.7% of Verde Servicos Internacionais S.A.’s holdings, making the stock its 16th largest holding. Verde Servicos Internacionais S.A.’s holdings in GFL Environmental were worth $8,809,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of GFL. Aster Capital Management DIFC Ltd bought a new position in shares of GFL Environmental in the 4th quarter worth $25,000. Sunbelt Securities Inc. bought a new stake in GFL Environmental during the 3rd quarter valued at $33,000. EverSource Wealth Advisors LLC increased its stake in GFL Environmental by 43.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 727 shares of the company’s stock valued at $37,000 after purchasing an additional 219 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in GFL Environmental by 45.2% during the third quarter. Caitong International Asset Management Co. Ltd now owns 976 shares of the company’s stock worth $46,000 after buying an additional 304 shares during the last quarter. Finally, Summit Securities Group LLC bought a new position in shares of GFL Environmental in the fourth quarter valued at $72,000. Institutional investors own 64.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Citigroup reduced their price objective on shares of GFL Environmental from $55.00 to $51.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of GFL Environmental in a research report on Wednesday, May 13th. Zacks Research lowered GFL Environmental from a “strong-buy” rating to a “hold” rating in a report on Friday, May 22nd. Wolfe Research initiated coverage on GFL Environmental in a research note on Friday, March 13th. They issued an “outperform” rating for the company. Finally, Scotiabank dropped their target price on GFL Environmental from $56.00 to $52.00 and set a “sector outperform” rating on the stock in a report on Monday, May 4th. Twelve analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.00.

GFL Environmental Stock Performance

NYSE GFL opened at $36.01 on Wednesday. The company has a fifty day moving average price of $36.86 and a 200-day moving average price of $40.93. The firm has a market cap of $12.92 billion, a price-to-earnings ratio of 112.53, a PEG ratio of 2.72 and a beta of 0.71. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.51 and a quick ratio of 1.51. GFL Environmental Inc. has a 1 year low of $33.33 and a 1 year high of $51.51.

GFL Environmental (NYSE:GFL) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. GFL Environmental had a net margin of 3.09% and a return on equity of 4.53%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period last year, the firm earned ($0.09) earnings per share. The firm’s revenue was up 5.4% on a year-over-year basis. As a group, equities research analysts predict that GFL Environmental Inc. will post 0.54 EPS for the current fiscal year.

GFL Environmental Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Monday, April 13th were paid a $0.0169 dividend. This is a positive change from GFL Environmental’s previous quarterly dividend of $0.02. The ex-dividend date was Monday, April 13th. This represents a $0.07 annualized dividend and a yield of 0.2%. GFL Environmental’s dividend payout ratio (DPR) is 21.88%.

GFL Environmental Profile

GFL Environmental Inc is a leading North American provider of diversified environmental services, offering comprehensive solutions across solid waste management, liquid waste management, soil remediation and infrastructure services. The company’s core business activities include residential, commercial and industrial waste collection, recycling, composting and landfill management. In addition to traditional waste services, GFL provides specialized liquid waste hauling, treatment and disposal services as well as environmental consulting to support industrial and municipal clients in meeting regulatory and sustainability goals.

Founded in 2007 by entrepreneur Patrick Dovigi, GFL Environmental has pursued an aggressive growth strategy driven by strategic acquisitions and organic expansion.