Caption Management LLC Invests $235,000 in GFL Environmental Inc. (NYSE:GFL)

Caption Management LLC purchased a new position in GFL Environmental Inc. (NYSE:GFL - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,279 shares of the company's stock, valued at approximately $235,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. increased its holdings in GFL Environmental by 124.9% in 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 bought a new stake in GFL Environmental during the fourth quarter valued at $27,000. Natixis bought a new position in shares of GFL Environmental in the 4th quarter worth about $49,000. SRH Advisors LLC acquired a new position in shares of GFL Environmental in the 4th quarter valued at about $89,000. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of GFL Environmental by 350.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,400 shares of the company's stock valued at $107,000 after purchasing an additional 1,867 shares in the last quarter. Institutional investors and hedge funds own 64.70% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Citigroup lowered their target price on GFL Environmental from $56.00 to $53.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. UBS Group raised their target price on GFL Environmental from $50.00 to $57.00 and gave the company a "buy" rating in a research note on Friday, April 4th. Truist Financial upped their target price on GFL Environmental from $54.00 to $58.00 and gave the stock a "buy" rating in a research report on Wednesday, April 2nd. National Bankshares reaffirmed an "outperform" rating on shares of GFL Environmental in a research report on Tuesday, March 11th. Finally, Royal Bank of Canada upped their price objective on shares of GFL Environmental from $53.00 to $56.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, GFL Environmental currently has a consensus rating of "Buy" and an average target price of $54.14.

GFL Environmental Stock Performance

Shares of NYSE GFL traded down $0.44 during trading on Tuesday, reaching $48.24. 1,574,538 shares of the company traded hands, compared to its average volume of 1,486,164. The stock has a market capitalization of $18.98 billion, a PE ratio of -36.27 and a beta of 1.08. The firm has a 50 day simple moving average of $47.94 and a 200-day simple moving average of $45.78. GFL Environmental Inc. has a 52-week low of $30.57 and a 52-week high of $52.00. 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 (NYSE:GFL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.10). GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. The company had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.52 billion. The business's revenue for the quarter was down 13.4% on a year-over-year basis. Equities research analysts anticipate that GFL Environmental Inc. will post 0.58 earnings per share for the current 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 issued a dividend of $0.0154 per share. This represents a $0.06 annualized dividend and a yield of 0.13%. This is a positive change from GFL Environmental's previous quarterly dividend of $0.01. GFL Environmental's dividend payout ratio is presently 1.23%.

GFL Environmental 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.