Centaurus Financial Inc. Has $6.04 Million Stock Position in GFL Environmental Inc. (NYSE:GFL)

Centaurus Financial Inc. grew its position in GFL Environmental Inc. (NYSE:GFL) by 7.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 175,095 shares of the company’s stock after buying an additional 11,561 shares during the quarter. Centaurus Financial Inc.’s holdings in GFL Environmental were worth $6,043,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Signaturefd LLC raised its position in GFL Environmental by 48.9% during the fourth quarter. Signaturefd LLC now owns 1,178 shares of the company’s stock valued at $41,000 after acquiring an additional 387 shares in the last quarter. Oliver Lagore Vanvalin Investment Group grew its holdings in GFL Environmental by 60.1% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 1,209 shares of the company’s stock valued at $42,000 after purchasing an additional 454 shares during the last quarter. Chilton Capital Management LLC acquired a new position in GFL Environmental during the fourth quarter valued at approximately $110,000. Key Financial Inc grew its holdings in GFL Environmental by 393.0% during the fourth quarter. Key Financial Inc now owns 3,594 shares of the company’s stock valued at $124,000 after purchasing an additional 2,865 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in GFL Environmental during the fourth quarter valued at approximately $208,000. 64.70% of the stock is owned by hedge funds and other institutional investors.

GFL Environmental Stock Performance

GFL traded up $0.09 during trading on Friday, reaching $37.91. 468,876 shares of the company’s stock were exchanged, compared to its average volume of 1,802,082. GFL Environmental Inc. has a fifty-two week low of $26.87 and a fifty-two week high of $40.27. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.29. The business has a 50 day moving average price of $33.49 and a 200 day moving average price of $33.65. The company has a market capitalization of $14.07 billion, a P/E ratio of 59.23 and a beta of 1.13.

GFL Environmental Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th were paid a dividend of $0.014 per share. The ex-dividend date of this dividend was Friday, April 12th. This represents a $0.06 dividend on an annualized basis and a yield of 0.15%. This is an increase from GFL Environmental’s previous quarterly dividend of $0.01.

Wall Street Analyst Weigh In

GFL has been the topic of several analyst reports. Royal Bank of Canada initiated coverage on GFL Environmental in a report on Monday, April 8th. They set an “outperform” rating and a $46.00 price target on the stock. BMO Capital Markets increased their price target on GFL Environmental from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Jefferies Financial Group raised their price objective on shares of GFL Environmental from $46.00 to $51.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. TD Cowen raised their price objective on shares of GFL Environmental from $42.00 to $43.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Finally, TheStreet upgraded shares of GFL Environmental from a “d+” rating to a “c” rating in a research note on Tuesday, February 20th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy 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 $43.08.

About GFL Environmental

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.