Boothbay Fund Management LLC Invests $4.63 Million in GFL Environmental Inc. (NYSE:GFL)

Boothbay Fund Management LLC bought a new stake in GFL Environmental Inc. (NYSE:GFL - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 103,905 shares of the company's stock, valued at approximately $4,628,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Susquehanna Fundamental Investments LLC purchased a new stake in shares of GFL Environmental in the fourth quarter valued at about $1,309,000. Hood River Capital Management LLC lifted its position in GFL Environmental by 10.8% in the fourth quarter. Hood River Capital Management LLC now owns 453,907 shares of the company's stock valued at $20,217,000 after purchasing an additional 44,248 shares during the period. Price T Rowe Associates Inc. MD acquired a new stake in GFL Environmental in the fourth quarter valued at about $5,840,000. Hsbc Holdings PLC lifted its position in GFL Environmental by 31.0% in the fourth quarter. Hsbc Holdings PLC now owns 57,407 shares of the company's stock valued at $2,556,000 after purchasing an additional 13,575 shares during the period. Finally, Stifel Financial Corp lifted its position in GFL Environmental by 4.7% in the fourth quarter. Stifel Financial Corp now owns 90,730 shares of the company's stock valued at $4,041,000 after purchasing an additional 4,086 shares during the period. 64.70% of the stock is owned by hedge funds and other institutional investors.

GFL Environmental Trading Down 0.1 %

Shares of NYSE:GFL traded down $0.07 during midday trading on Wednesday, reaching $49.84. The company's stock had a trading volume of 2,104,694 shares, compared to its average volume of 1,479,085. The firm has a market cap of $19.61 billion, a price-to-earnings ratio of -37.47 and a beta of 1.09. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.27. GFL Environmental Inc. has a 1 year low of $30.57 and a 1 year high of $49.95. The business has a 50 day moving average price of $47.07 and a 200 day moving average price of $45.18.

GFL Environmental (NYSE:GFL - Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The company reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.03. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.98 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. Research analysts forecast that GFL Environmental Inc. will post 0.58 EPS for the current year.

GFL Environmental Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 14th will be given a dividend of $0.0154 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.12%. This is an increase from GFL Environmental's previous quarterly dividend of $0.01. GFL Environmental's payout ratio is -3.87%.

Analyst Ratings Changes

GFL has been the subject of a number of recent analyst reports. Citigroup reduced their price objective on shares of GFL Environmental from $56.00 to $53.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Royal Bank of Canada reiterated an "outperform" rating and set a $53.00 price target on shares of GFL Environmental in a research report on Monday, February 24th. Truist Financial lifted their price target on shares of GFL Environmental from $54.00 to $58.00 and gave the company a "buy" rating in a research report on Wednesday, April 2nd. Scotiabank lifted their price target on shares of GFL Environmental from $52.00 to $54.00 and gave the company an "outperform" rating in a research report on Tuesday, April 8th. Finally, UBS Group lifted 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. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $52.00.

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.