Copeland Capital Management LLC Sells 14,004 Shares of GFL Environmental Inc. $GFL

Copeland Capital Management LLC reduced its stake in GFL Environmental Inc. (NYSE:GFL) by 2.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 588,489 shares of the company’s stock after selling 14,004 shares during the period. Copeland Capital Management LLC owned about 0.16% of GFL Environmental worth $24,552,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd bought a new position in GFL Environmental in the 4th quarter valued at approximately $25,000. Sunbelt Securities Inc. bought a new stake in shares of GFL Environmental during the third quarter worth $33,000. EverSource Wealth Advisors LLC increased its holdings in shares of GFL Environmental by 43.1% during the second quarter. EverSource Wealth Advisors LLC now owns 727 shares of the company’s stock worth $37,000 after buying an additional 219 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in shares of GFL Environmental during the first quarter worth $32,000. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of GFL Environmental by 45.2% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 976 shares of the company’s stock valued at $46,000 after acquiring an additional 304 shares during the last quarter. 64.70% of the stock is owned by institutional investors.

GFL Environmental Price Performance

Shares of NYSE:GFL opened at $39.45 on Friday. The firm has a market cap of $14.15 billion, a PE ratio of 123.27, a price-to-earnings-growth ratio of 2.98 and a beta of 0.70. The firm’s fifty day moving average is $36.78 and its 200-day moving average is $40.30. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.51 and a current ratio of 1.51. GFL Environmental Inc. has a 52 week low of $33.33 and a 52 week high of $51.51.

GFL Environmental (NYSE:GFL) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.17 billion. GFL Environmental had a net margin of 3.09% and a return on equity of 4.53%. GFL Environmental’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.09) earnings per share. Sell-side analysts predict that GFL Environmental Inc. will post 0.56 earnings per share for the current year.

GFL Environmental Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 13th will be given a $0.0169 dividend. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Monday, July 13th. GFL Environmental’s payout ratio is 21.88%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on GFL shares. Scotiabank cut their price objective 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. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of GFL Environmental in a report on Wednesday, May 13th. Weiss Ratings downgraded GFL Environmental from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday. Zacks Research lowered GFL Environmental from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 22nd. Finally, JPMorgan Chase & Co. boosted their price target on GFL Environmental from $40.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday. Twelve research 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, GFL Environmental currently has an average rating of “Moderate Buy” and a consensus price target of $54.89.

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.