Caption Management LLC Takes Position in GFL Environmental Inc. (NYSE:GFL)

Caption Management LLC purchased a new position in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,279 shares of the company's stock, valued at approximately $235,000.

Other large investors have also modified their holdings of the company. Blue Trust Inc. raised its holdings in shares of GFL Environmental by 124.9% during the fourth quarter. Blue Trust Inc. now owns 551 shares of the company's stock worth $25,000 after purchasing an additional 306 shares during the period. Berbice Capital Management LLC acquired a new stake in GFL Environmental during the fourth quarter worth about $27,000. Natixis bought a new position in GFL Environmental in the fourth quarter worth about $49,000. SRH Advisors LLC acquired a new position in GFL Environmental in the fourth quarter valued at approximately $89,000. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of GFL Environmental by 350.3% during the fourth 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 during the last quarter. Institutional investors own 64.70% of the company's stock.

Wall Street Analysts Forecast Growth

GFL has been the topic of several recent research reports. Raymond James reissued an "outperform" rating and issued a $57.00 price target (up previously from $56.00) on shares of GFL Environmental in a report on Friday, May 2nd. Stifel Nicolaus raised shares of GFL Environmental from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. Citigroup dropped their price objective on shares of GFL Environmental from $56.00 to $53.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Royal Bank of Canada boosted their target price on shares of GFL Environmental from $53.00 to $56.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. Finally, National Bankshares restated an "outperform" rating on shares of GFL Environmental in a research note on Tuesday, March 11th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, GFL Environmental has an average rating of "Buy" and an average target price of $54.14.

GFL Environmental Price Performance

Shares of NYSE GFL traded down $0.80 during mid-day trading on Friday, reaching $49.62. 1,926,561 shares of the company traded hands, compared to its average volume of 1,481,979. GFL Environmental Inc. has a fifty-two week low of $30.57 and a fifty-two week high of $52.00. The firm has a market cap of $19.52 billion, a PE ratio of -37.31 and a beta of 1.08. The stock has a fifty day simple moving average of $47.92 and a 200-day simple moving average of $45.69. 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 (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 analysts' consensus estimates 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 firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.52 billion. GFL Environmental's revenue was down 13.4% on a year-over-year basis. Equities research analysts anticipate that GFL Environmental Inc. will post 0.58 EPS for the current fiscal year.

GFL Environmental Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, April 14th were paid a $0.0154 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.12%. This is a boost from GFL Environmental's previous quarterly dividend of $0.01. GFL Environmental's payout ratio is currently 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.