GFL Environmental Inc. (NYSE:GFL) Shares Sold by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC lessened its holdings in GFL Environmental Inc. (NYSE:GFL) by 18.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 707,290 shares of the company’s stock after selling 164,495 shares during the quarter. TimesSquare Capital Management LLC’s holdings in GFL Environmental were worth $31,503,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Creative Planning lifted its stake in GFL Environmental by 28.3% in the third quarter. Creative Planning now owns 19,167 shares of the company’s stock valued at $764,000 after buying an additional 4,233 shares during the last quarter. Bleakley Financial Group LLC bought a new stake in GFL Environmental in the third quarter valued at $289,000. Copeland Capital Management LLC lifted its stake in GFL Environmental by 2.2% in the third quarter. Copeland Capital Management LLC now owns 921,377 shares of the company’s stock valued at $36,745,000 after buying an additional 19,675 shares during the last quarter. Signaturefd LLC lifted its stake in GFL Environmental by 30.7% in the third quarter. Signaturefd LLC now owns 2,808 shares of the company’s stock valued at $112,000 after buying an additional 659 shares during the last quarter. Finally, Spartan Fund Management Inc. bought a new stake in GFL Environmental in the third quarter valued at $60,000. Institutional investors and hedge funds own 64.70% of the company’s stock.

GFL Environmental Price Performance

Shares of GFL Environmental stock opened at $46.19 on Wednesday. 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 company’s 50-day moving average price is $44.37 and its two-hundred day moving average price is $42.89. GFL Environmental Inc. has a 52 week low of $30.57 and a 52 week high of $48.87.

GFL Environmental Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 13th were given a $0.014 dividend. This represents a $0.06 annualized dividend and a yield of 0.12%. The ex-dividend date of this dividend was Monday, January 13th. GFL Environmental’s dividend payout ratio (DPR) is presently -4.51%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on GFL shares. Truist Financial raised their target price on GFL Environmental from $46.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Scotiabank cut their target price on GFL Environmental from $51.00 to $50.00 and set a “sector outperform” rating on the stock in a research note on Monday, January 27th. Citigroup started coverage on shares of GFL Environmental in a research note on Monday, January 27th. They set a “buy” rating and a $53.00 price objective on the stock. 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 lifted their price objective on shares of GFL Environmental from $47.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $49.00.

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.