Ironwood Investment Counsel LLC Sells 500 Shares of GFL Environmental Inc. (NYSE:GFL)

Ironwood Investment Counsel LLC lowered its stake in GFL Environmental Inc. (NYSE:GFL) by 7.2% in the fourth quarter, Holdings Channel reports. The fund owned 6,475 shares of the company’s stock after selling 500 shares during the quarter. Ironwood Investment Counsel LLC’s holdings in GFL Environmental were worth $288,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in GFL Environmental by 124.9% in the 4th quarter. Blue Trust Inc. now owns 551 shares of the company’s stock valued at $25,000 after buying an additional 306 shares during the last quarter. Berbice Capital Management LLC acquired a new stake in shares of GFL Environmental during the 4th quarter worth approximately $27,000. Continuum Advisory LLC grew its position in shares of GFL Environmental by 60.6% during the 3rd quarter. Continuum Advisory LLC now owns 673 shares of the company’s stock worth $29,000 after buying an additional 254 shares during the period. Avior Wealth Management LLC acquired a new stake in shares of GFL Environmental during the 3rd quarter worth approximately $82,000. Finally, SRH Advisors LLC acquired a new stake in shares of GFL Environmental during the 4th quarter worth approximately $89,000. Institutional investors own 64.70% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on GFL. Royal Bank of Canada reaffirmed an “outperform” rating and set a $53.00 price objective on shares of GFL Environmental in a research report on Monday, February 24th. Scotiabank lifted their price target on shares of GFL Environmental from $50.00 to $52.00 and gave the company a “sector outperform” rating in a research report on Wednesday, March 5th. Stifel Nicolaus raised shares of GFL Environmental from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. National Bankshares reissued an “outperform” rating on shares of GFL Environmental in a research report on Tuesday. Finally, Citigroup started coverage on shares of GFL Environmental in a research report on Monday, January 27th. They issued a “buy” rating and a $53.00 price target for the company. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $49.78.

GFL Environmental Price Performance

Shares of NYSE:GFL opened at $46.24 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 stock’s fifty day simple moving average is $44.75 and its two-hundred day simple moving average is $43.49. GFL Environmental Inc. has a 1-year low of $30.57 and a 1-year high of $48.87. The stock has a market cap of $18.19 billion, a PE ratio of -34.77 and a beta of 1.16.

GFL Environmental (NYSE:GFL) last issued its quarterly earnings data 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. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.98 billion. As a group, analysts forecast that GFL Environmental Inc. will post 0.58 EPS for the current fiscal year.

GFL Environmental Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 13th were paid a dividend of $0.014 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date of this dividend was Monday, January 13th. GFL Environmental’s payout ratio is -3.23%.

GFL Environmental Company 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.