Fulcrum Asset Management LLP Sells 12,156 Shares of GFL Environmental Inc. $GFL

Fulcrum Asset Management LLP cut its stake in shares of GFL Environmental Inc. (NYSE:GFL) by 79.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,210 shares of the company’s stock after selling 12,156 shares during the period. Fulcrum Asset Management LLP’s holdings in GFL Environmental were worth $152,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of GFL. Berbice Capital Management LLC bought a new position in shares of GFL Environmental in the second quarter valued at approximately $25,000. EverSource Wealth Advisors LLC increased its holdings in GFL Environmental by 43.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 727 shares of the company’s stock worth $37,000 after acquiring an additional 219 shares during the period. Jones Financial Companies Lllp increased its holdings in GFL Environmental by 21.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,606 shares of the company’s stock worth $75,000 after acquiring an additional 289 shares during the period. First Horizon Corp purchased a new stake in GFL Environmental in the 3rd quarter worth approximately $116,000. Finally, US Bancorp DE lifted its stake in GFL Environmental by 11.8% in the 3rd quarter. US Bancorp DE now owns 3,568 shares of the company’s stock worth $169,000 after purchasing an additional 378 shares in the last quarter. 64.70% of the stock is owned by hedge funds and other institutional investors.

GFL Environmental Stock Performance

GFL Environmental stock opened at $42.44 on Wednesday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $15.19 billion, a PE ratio of 6.24, a P/E/G ratio of 3.30 and a beta of 0.86. The firm has a fifty day simple moving average of $43.23 and a two-hundred day simple moving average of $44.51. GFL Environmental Inc. has a twelve month low of $40.83 and a twelve month high of $52.00.

GFL Environmental (NYSE:GFL) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.12. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.67 billion. GFL Environmental had a return on equity of 3.66% and a net margin of 56.61%.The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.58) earnings per share. Research analysts expect that GFL Environmental Inc. will post 0.58 EPS for the current year.

GFL Environmental Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Tuesday, January 13th were issued a dividend of $0.0154 per share. The ex-dividend date was Tuesday, January 13th. This represents a $0.06 annualized dividend and a yield of 0.1%. GFL Environmental’s dividend payout ratio is currently 0.88%.

Wall Street Analyst Weigh In

GFL has been the subject of several analyst reports. Royal Bank Of Canada boosted their price target on shares of GFL Environmental from $59.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. Scotiabank lowered their price objective on GFL Environmental from $57.00 to $56.00 and set a “sector outperform” rating on the stock in a research report on Thursday, February 12th. Barclays lifted their price objective on GFL Environmental from $62.00 to $63.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Weiss Ratings cut GFL Environmental from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, February 9th. Finally, Citigroup decreased their target price on GFL Environmental from $58.00 to $56.00 and set a “buy” rating on the stock in a research note on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, GFL Environmental currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.67.

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.