GFL Environmental Inc. (NYSE:GFL) Shares Sold by Aristeia Capital L.L.C.

Aristeia Capital L.L.C. decreased its holdings in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 67.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,386 shares of the company's stock after selling 11,321 shares during the quarter. Aristeia Capital L.L.C.'s holdings in GFL Environmental were worth $240,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Tidal Investments LLC raised its stake in GFL Environmental by 6.3% during the third quarter. Tidal Investments LLC now owns 20,853 shares of the company's stock worth $832,000 after acquiring an additional 1,238 shares in the last quarter. BluePath Capital Management LLC bought a new stake in GFL Environmental in the 4th quarter valued at about $248,000. Avanza Fonder AB bought a new position in shares of GFL Environmental in the fourth quarter worth about $1,063,000. Goldstein Advisors LLC lifted its stake in shares of GFL Environmental by 20.8% in the fourth quarter. Goldstein Advisors LLC now owns 7,418 shares of the company's stock worth $330,000 after acquiring an additional 1,278 shares during the period. Finally, Berbice Capital Management LLC bought a new position in shares of GFL Environmental during the 4th quarter worth about $27,000. 64.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on GFL shares. UBS Group raised their price target on shares of GFL Environmental from $50.00 to $57.00 and gave the company a "buy" rating in a research report on Friday, April 4th. Citigroup dropped their price target on shares of GFL Environmental from $56.00 to $53.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Scotiabank reiterated an "outperform" rating on shares of GFL Environmental in a research report on Monday. Royal Bank of Canada lifted their price target on GFL Environmental from $53.00 to $56.00 and gave the stock an "outperform" rating in a research note on Monday. Finally, National Bankshares reaffirmed an "outperform" rating on shares of GFL Environmental in a report on Tuesday, March 11th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $54.14.

GFL Environmental Trading Up 0.4 %

Shares of NYSE:GFL traded up $0.18 during trading on Wednesday, reaching $51.21. The company's stock had a trading volume of 1,329,486 shares, compared to its average volume of 1,474,722. GFL Environmental Inc. has a 12 month low of $30.57 and a 12 month high of $52.00. 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 firm's 50 day simple moving average is $47.64 and its two-hundred day simple moving average is $45.51. The stock has a market capitalization of $20.15 billion, a PE ratio of -38.50 and a beta of 1.08.

GFL Environmental (NYSE:GFL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.10). The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.52 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. GFL Environmental's quarterly revenue was down 13.4% compared to the same quarter last year. On average, research analysts predict that GFL Environmental Inc. will post 0.58 EPS for the current fiscal year.

GFL Environmental Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, April 14th were given a dividend of $0.0154 per share. This is a boost from GFL Environmental's previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a yield of 0.12%. GFL Environmental's dividend payout ratio (DPR) is currently 1.23%.

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.