Mariner LLC Trims Stock Position in GFL Environmental Inc. (NYSE:GFL)

Mariner LLC reduced its stake in shares of GFL Environmental Inc. (NYSE:GFL) by 50.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,477 shares of the company’s stock after selling 17,710 shares during the quarter. Mariner LLC’s holdings in GFL Environmental were worth $778,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. increased its position in GFL Environmental by 124.9% during the 4th quarter. Blue Trust Inc. now owns 551 shares of the company’s stock valued at $25,000 after purchasing an additional 306 shares during the period. Berbice Capital Management LLC purchased a new position in GFL Environmental during the 4th quarter valued at $27,000. SRH Advisors LLC purchased a new position in GFL Environmental during the 4th quarter valued at $89,000. Steward Partners Investment Advisory LLC grew its position in shares of GFL Environmental by 350.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,400 shares of the company’s stock worth $107,000 after buying an additional 1,867 shares during the period. Finally, Venturi Wealth Management LLC grew its position in shares of GFL Environmental by 6,717.9% in the 4th quarter. Venturi Wealth Management LLC now owns 2,659 shares of the company’s stock worth $118,000 after buying an additional 2,620 shares during the period. 64.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GFL has been the topic of a number of recent research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $53.00 target price on shares of GFL Environmental in a research report on Monday, February 24th. Raymond James set a $56.00 target price on shares of GFL Environmental and gave the stock an “outperform” rating in a research report on Wednesday, April 16th. Stifel Nicolaus raised GFL Environmental from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. Citigroup lowered their price objective on GFL Environmental from $56.00 to $53.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Finally, UBS Group upped their price objective on GFL Environmental from $50.00 to $57.00 and gave the company a “buy” rating in a research report on Friday, April 4th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $52.00.

GFL Environmental Stock Down 1.1 %

NYSE GFL opened at $48.47 on Tuesday. GFL Environmental Inc. has a 52 week low of $30.57 and a 52 week high of $49.45. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $19.07 billion, a P/E ratio of -36.44 and a beta of 1.09. The stock’s 50-day moving average price is $47.00 and its 200-day moving average price is $45.14.

GFL Environmental (NYSE:GFL) last issued its quarterly earnings results on Monday, February 24th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.98 billion. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. On average, equities research analysts predict that GFL Environmental Inc. will post 0.58 earnings per share for the current year.

GFL Environmental Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 14th will be given a dividend of $0.0154 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.13%. This is an increase from GFL Environmental’s previous quarterly dividend of $0.01. GFL Environmental’s dividend payout ratio (DPR) is presently -3.87%.

GFL Environmental 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.