Aventail Capital Group LP Sells 12,615 Shares of GFL Environmental Inc. $GFL

Aventail Capital Group LP decreased its position in GFL Environmental Inc. (NYSE:GFL) by 13.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 84,707 shares of the company’s stock after selling 12,615 shares during the quarter. Aventail Capital Group LP’s holdings in GFL Environmental were worth $4,013,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Bank of America Corp DE boosted its holdings in GFL Environmental by 19.0% during the third quarter. Bank of America Corp DE now owns 974,947 shares of the company’s stock worth $46,193,000 after purchasing an additional 155,544 shares during the last quarter. Bank of Nova Scotia increased its stake in GFL Environmental by 17.1% in the 3rd quarter. Bank of Nova Scotia now owns 357,808 shares of the company’s stock valued at $16,950,000 after buying an additional 52,121 shares during the last quarter. Boothbay Fund Management LLC lifted its position in shares of GFL Environmental by 2.4% during the 3rd quarter. Boothbay Fund Management LLC now owns 116,757 shares of the company’s stock worth $5,532,000 after buying an additional 2,736 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of GFL Environmental by 1,420.6% during the 3rd quarter. Alliancebernstein L.P. now owns 223,470 shares of the company’s stock worth $10,588,000 after buying an additional 208,774 shares in the last quarter. Finally, Amundi boosted its stake in shares of GFL Environmental by 19.5% in the 3rd quarter. Amundi now owns 236,905 shares of the company’s stock worth $10,912,000 after buying an additional 38,701 shares during the last quarter. 64.70% of the stock is owned by institutional investors.

GFL Environmental Trading Down 0.6%

Shares of GFL stock opened at $42.99 on Friday. The company has a 50 day moving average of $43.24 and a 200-day moving average of $44.65. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.05. GFL Environmental Inc. has a 12-month low of $40.83 and a 12-month high of $52.00. The firm has a market cap of $15.39 billion, a P/E ratio of 6.32, a PEG ratio of 3.35 and a beta of 0.86.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings results on Wednesday, February 11th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.12. GFL Environmental had a net margin of 56.61% and a return on equity of 3.66%. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the previous year, the firm posted ($0.58) EPS. GFL Environmental’s revenue was up 7.3% on a year-over-year basis. Sell-side analysts anticipate that GFL Environmental Inc. will post 0.58 earnings per share for the current year.

GFL Environmental Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Weiss Ratings lowered GFL Environmental from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, February 9th. Scotiabank dropped their price target on GFL Environmental from $57.00 to $56.00 and set a “sector outperform” rating on the stock in a report on Thursday, February 12th. Citigroup reduced their price objective on GFL Environmental from $58.00 to $56.00 and set a “buy” rating for the company in a research note on Friday, January 16th. The Goldman Sachs Group began coverage on GFL Environmental in a research report on Monday, November 24th. They set a “neutral” rating and a $50.00 target price for the company. Finally, Barclays lifted their target price on GFL Environmental from $62.00 to $63.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $56.67.

GFL Environmental Company 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.