Cambridge Investment Research Advisors Inc. Invests $385,000 in GFL Environmental Inc. (NYSE:GFL)

Cambridge Investment Research Advisors Inc. purchased a new stake in GFL Environmental Inc. (NYSE:GFL - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 7,973 shares of the company's stock, valued at approximately $385,000.

Other hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in shares of GFL Environmental in the 4th quarter valued at $18,836,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of GFL Environmental by 350.3% in 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 during the last quarter. Geode Capital Management LLC boosted its holdings in shares of GFL Environmental by 38.7% in the 4th quarter. Geode Capital Management LLC now owns 1,274,496 shares of the company's stock valued at $56,496,000 after purchasing an additional 355,790 shares during the last quarter. Paralel Advisors LLC acquired a new position in shares of GFL Environmental during the 4th quarter valued at $44,540,000. Finally, Amundi lifted its holdings in shares of GFL Environmental by 9.2% during the 4th quarter. Amundi now owns 124,027 shares of the company's stock valued at $5,550,000 after acquiring an additional 10,428 shares in the last quarter. Institutional investors and hedge funds own 64.70% of the company's stock.

GFL Environmental Price Performance

Shares of NYSE:GFL traded down $0.03 during trading on Friday, reaching $47.32. The company had a trading volume of 717,507 shares, compared to its average volume of 1,464,277. The firm's fifty day moving average is $49.51 and its 200 day moving average is $47.13. The firm has a market capitalization of $17.35 billion, a PE ratio of 9.70 and a beta of 1.03. GFL Environmental Inc. has a twelve month low of $37.00 and a twelve month high of $52.00. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.82 and a current ratio of 0.82.

GFL Environmental (NYSE:GFL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.10). GFL Environmental had a return on equity of 3.93% and a net margin of 36.01%. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.52 billion. The firm's quarterly revenue was down 13.4% on a year-over-year basis. On average, equities analysts forecast that GFL Environmental Inc. will post 0.58 EPS for the current year.

GFL Environmental Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, July 14th will be given a $0.0154 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.13%. GFL Environmental's dividend payout ratio (DPR) is presently 1.23%.

Analyst Ratings Changes

Several equities analysts recently weighed in on GFL shares. Scotiabank restated an "outperform" rating on shares of GFL Environmental in a report on Monday, May 5th. Seaport Res Ptn upgraded shares of GFL Environmental to a "strong-buy" rating in a report on Tuesday, May 6th. UBS Group lifted their price target on shares of GFL Environmental from $50.00 to $57.00 and gave the stock a "buy" rating in a research note on Friday, April 4th. National Bank Financial raised shares of GFL Environmental to a "strong-buy" rating in a research note on Monday, May 26th. Finally, Citigroup boosted their target price on shares of GFL Environmental from $53.00 to $56.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, GFL Environmental presently has a consensus rating of "Buy" and a consensus target price of $56.29.

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.