7,973 Shares in GFL Environmental Inc. (NYSE:GFL) Acquired by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. acquired a new position in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 7,973 shares of the company's stock, valued at approximately $385,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. FMR LLC boosted its holdings in shares of GFL Environmental by 10.0% in the 4th quarter. FMR LLC now owns 27,664,678 shares of the company's stock valued at $1,233,223,000 after buying an additional 2,506,021 shares during the period. Capital Research Global Investors boosted its holdings in shares of GFL Environmental by 11.4% in the 4th quarter. Capital Research Global Investors now owns 26,973,784 shares of the company's stock valued at $1,201,406,000 after buying an additional 2,751,618 shares during the period. Fred Alger Management LLC boosted its holdings in shares of GFL Environmental by 1.9% in the 4th quarter. Fred Alger Management LLC now owns 10,411,148 shares of the company's stock valued at $463,713,000 after buying an additional 190,018 shares during the period. Vanguard Group Inc. boosted its holdings in shares of GFL Environmental by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 8,697,180 shares of the company's stock valued at $387,705,000 after buying an additional 217,096 shares during the period. Finally, Soros Fund Management LLC boosted its holdings in shares of GFL Environmental by 1.5% in the 4th quarter. Soros Fund Management LLC now owns 3,203,904 shares of the company's stock valued at $142,702,000 after buying an additional 47,577 shares during the period. 64.70% of the stock is owned by institutional investors and hedge funds.

GFL Environmental Price Performance

Shares of GFL stock traded up $0.74 during midday trading on Monday, reaching $48.10. 837,593 shares of the company were exchanged, compared to its average volume of 1,467,763. GFL Environmental Inc. has a 12 month low of $37.00 and a 12 month high of $52.00. The company has a market cap of $17.64 billion, a P/E ratio of 9.86 and a beta of 1.03. The company's 50 day moving average price is $49.38 and its two-hundred day moving average price is $47.21. 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 released its quarterly earnings results 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 return on equity of 3.93% and a net margin of 36.01%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.52 billion. The business's revenue for the quarter was down 13.4% on a year-over-year basis. On average, sell-side analysts expect that GFL Environmental Inc. will post 0.58 earnings per share for the current year.

GFL Environmental Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, July 14th will be issued a $0.0154 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.13%. GFL Environmental's payout ratio is currently 1.23%.

Analyst Ratings Changes

Several research firms have recently commented on GFL. Citigroup lifted their price target on shares of GFL Environmental from $53.00 to $56.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. 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 report on Wednesday, April 2nd. 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. JPMorgan Chase & Co. began coverage on shares of GFL Environmental in a research note on Friday, May 23rd. They set a "neutral" rating and a $54.00 target price for the company. Finally, Scotiabank reissued an "outperform" rating on shares of GFL Environmental in a research note on Monday, May 5th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $56.29.

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.