Clarkston Capital Partners LLC Has $236.89 Million Holdings in GFL Environmental Inc. (NYSE:GFL)

Clarkston Capital Partners LLC cut its position in shares of GFL Environmental Inc. (NYSE:GFL) by 12.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,318,610 shares of the company’s stock after selling 754,240 shares during the quarter. GFL Environmental makes up about 4.5% of Clarkston Capital Partners LLC’s investment portfolio, making the stock its 7th largest position. Clarkston Capital Partners LLC owned 1.35% of GFL Environmental worth $236,891,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in GFL Environmental by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 8,697,180 shares of the company’s stock valued at $387,705,000 after acquiring an additional 217,096 shares during the last quarter. Norges Bank purchased a new stake in shares of GFL Environmental in the 4th quarter valued at $126,420,000. American Century Companies Inc. boosted its stake in shares of GFL Environmental by 40.4% in the 4th quarter. American Century Companies Inc. now owns 2,412,639 shares of the company’s stock valued at $107,459,000 after purchasing an additional 693,884 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of GFL Environmental by 7.0% during the 4th quarter. Jennison Associates LLC now owns 1,544,690 shares of the company’s stock valued at $68,800,000 after purchasing an additional 101,695 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its position in GFL Environmental by 20.5% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,531,244 shares of the company’s stock worth $68,202,000 after purchasing an additional 260,083 shares during the period. 64.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GFL has been the subject of several analyst reports. Stifel Nicolaus upgraded shares of GFL Environmental from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. Scotiabank increased their target price on GFL Environmental from $50.00 to $52.00 and gave the company a “sector outperform” rating in a report on Wednesday, March 5th. Citigroup raised their price target on GFL Environmental from $51.00 to $56.00 and gave the stock a “buy” rating in a research report on Wednesday. Truist Financial boosted their price objective on GFL Environmental from $54.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, National Bankshares restated an “outperform” rating on shares of GFL Environmental in a report on Tuesday, March 11th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $51.38.

GFL Environmental Price Performance

GFL opened at $44.76 on Friday. The stock’s 50 day moving average price is $46.15 and its 200-day moving average price is $44.20. GFL Environmental Inc. has a 52-week low of $30.57 and a 52-week high of $49.35. The stock has a market capitalization of $17.61 billion, a PE ratio of -33.65 and a beta of 1.09. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.58 and a current ratio of 0.58.

GFL Environmental (NYSE:GFL) last issued its quarterly earnings data on Monday, February 24th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.98 billion. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. On average, equities research analysts predict that GFL Environmental Inc. will post 0.58 EPS for the current year.

GFL Environmental Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 14th will be issued a dividend of $0.0154 per share. This is an increase from GFL Environmental’s previous quarterly dividend of $0.01. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.14%. GFL Environmental’s dividend payout ratio is -3.23%.

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.