TimesSquare Capital Management LLC Cuts Position in GFL Environmental Inc. (NYSE:GFL)

TimesSquare Capital Management LLC decreased its holdings in GFL Environmental Inc. (NYSE:GFL) by 18.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 707,290 shares of the company’s stock after selling 164,495 shares during the period. TimesSquare Capital Management LLC owned approximately 0.18% of GFL Environmental worth $31,503,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Continuum Advisory LLC raised its holdings in GFL Environmental by 60.6% in the third quarter. Continuum Advisory LLC now owns 673 shares of the company’s stock valued at $29,000 after buying an additional 254 shares during the period. Blue Trust Inc. raised its stake in shares of GFL Environmental by 124.9% during the fourth quarter. Blue Trust Inc. now owns 551 shares of the company’s stock valued at $25,000 after purchasing an additional 306 shares during the period. Berbice Capital Management LLC purchased a new stake in shares of GFL Environmental during the fourth quarter valued at approximately $27,000. Signaturefd LLC raised its stake in shares of GFL Environmental by 30.7% during the third quarter. Signaturefd LLC now owns 2,808 shares of the company’s stock valued at $112,000 after purchasing an additional 659 shares during the period. Finally, Bleakley Financial Group LLC raised its stake in shares of GFL Environmental by 9.9% during the fourth quarter. Bleakley Financial Group LLC now owns 7,954 shares of the company’s stock valued at $354,000 after purchasing an additional 718 shares during the period. Hedge funds and other institutional investors own 64.70% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. 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. Truist Financial lifted their price objective on shares of GFL Environmental from $46.00 to $54.00 and gave the company a “buy” rating in a research note 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. Citigroup assumed 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. Finally, Scotiabank decreased their price target on shares of GFL Environmental from $51.00 to $50.00 and set a “sector outperform” rating for the company in a research report on Monday, January 27th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, GFL Environmental presently has an average rating of “Moderate Buy” and a consensus price target of $49.00.

GFL Environmental Trading Down 0.8 %

GFL stock opened at $46.19 on Wednesday. The firm has a 50 day simple moving average of $44.37 and a 200-day simple moving average of $42.89. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.58 and a quick ratio of 0.58. GFL Environmental Inc. has a twelve month low of $30.57 and a twelve month high of $48.87.

GFL Environmental Announces Dividend

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