Centaurus Financial Inc. Sells 3,155 Shares of GFL Environmental Inc. (NYSE:GFL)

Centaurus Financial Inc. lowered its stake in GFL Environmental Inc. (NYSE:GFL) by 1.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 213,059 shares of the company’s stock after selling 3,155 shares during the period. Centaurus Financial Inc.’s holdings in GFL Environmental were worth $8,497,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Cape Investment Advisory Inc. increased its stake in shares of GFL Environmental by 325.0% in the first quarter. Cape Investment Advisory Inc. now owns 1,275 shares of the company’s stock valued at $44,000 after buying an additional 975 shares during the period. Fifth Third Bancorp lifted its position in shares of GFL Environmental by 51.1% in the 2nd quarter. Fifth Third Bancorp now owns 1,358 shares of the company’s stock worth $53,000 after purchasing an additional 459 shares during the period. Spartan Fund Management Inc. acquired a new position in shares of GFL Environmental in the 3rd quarter worth approximately $60,000. Tobam boosted its stake in shares of GFL Environmental by 139.5% in the 2nd quarter. Tobam now owns 1,751 shares of the company’s stock valued at $68,000 after purchasing an additional 1,020 shares during the last quarter. Finally, Avior Wealth Management LLC acquired a new stake in shares of GFL Environmental during the third quarter worth $82,000. Institutional investors own 64.70% of the company’s stock.

Wall Street Analysts Forecast Growth

GFL has been the topic of several recent analyst reports. Truist Financial upped their price target on shares of GFL Environmental from $46.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Royal Bank of Canada boosted their price target on GFL Environmental from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Scotiabank raised their price objective on shares of GFL Environmental from $50.00 to $51.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 8th. Raymond James lifted their price objective on shares of GFL Environmental from $47.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, UBS Group increased their target price on shares of GFL Environmental from $47.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $45.80.

GFL Environmental Trading Up 0.2 %

NYSE GFL opened at $45.88 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.27. The business has a fifty day simple moving average of $41.63 and a 200 day simple moving average of $39.24. GFL Environmental Inc. has a 12 month low of $26.87 and a 12 month high of $46.48. The firm has a market capitalization of $18.05 billion, a P/E ratio of -34.50 and a beta of 1.15.

GFL Environmental (NYSE:GFL) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.49 billion. On average, analysts predict that GFL Environmental Inc. will post 0.59 EPS for the current fiscal year.

GFL Environmental Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Wednesday, October 16th were issued a dividend of $0.014 per share. The ex-dividend date was Wednesday, October 16th. This represents a $0.06 dividend on an annualized basis and a yield of 0.12%. GFL Environmental’s dividend payout ratio (DPR) is currently -4.51%.

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.