Cubist Systematic Strategies LLC Has $34,000 Stock Holdings in GFL Environmental Inc. (NYSE:GFL)

Cubist Systematic Strategies LLC cut its holdings in GFL Environmental Inc. (NYSE:GFL - Free Report) by 95.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 770 shares of the company's stock after selling 14,518 shares during the quarter. Cubist Systematic Strategies LLC's holdings in GFL Environmental were worth $34,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Generate Investment Management Ltd acquired a new stake in GFL Environmental in the fourth quarter valued at approximately $15,041,000. Tobam acquired a new stake in shares of GFL Environmental in the fourth quarter worth $1,846,000. Raymond James Financial Inc. acquired a new stake in shares of GFL Environmental in the fourth quarter worth $18,836,000. Bleakley Financial Group LLC lifted its stake in shares of GFL Environmental by 9.9% in the fourth quarter. Bleakley Financial Group LLC now owns 7,954 shares of the company's stock worth $354,000 after buying an additional 718 shares during the last quarter. Finally, Quaero Capital S.A. lifted its stake in shares of GFL Environmental by 35.1% in the fourth quarter. Quaero Capital S.A. now owns 37,310 shares of the company's stock worth $1,662,000 after buying an additional 9,690 shares during the last quarter. 64.70% of the stock is currently owned by institutional investors and hedge funds.

GFL Environmental Trading Up 0.9%

Shares of GFL Environmental stock opened at $49.81 on Tuesday. The firm has a market capitalization of $19.59 billion, a PE ratio of -37.45 and a beta of 1.08. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.58 and a quick ratio of 0.58. The company's fifty day moving average price is $48.17 and its two-hundred day moving average price is $46.04. GFL Environmental Inc. has a 52-week low of $30.57 and a 52-week high of $52.00.

GFL Environmental (NYSE:GFL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.10). The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.52 billion. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. GFL Environmental's revenue was down 13.4% on a year-over-year basis. On average, analysts expect that GFL Environmental Inc. will post 0.58 EPS for the current year.

GFL Environmental Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, April 14th were issued a $0.0154 dividend. This represents a $0.06 annualized dividend and a yield of 0.12%. This is a positive change from GFL Environmental's previous quarterly dividend of $0.01. GFL Environmental's payout ratio is 1.23%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on GFL. Truist Financial boosted their price objective on shares of GFL Environmental from $54.00 to $58.00 and gave the stock a "buy" rating in a research note on Wednesday, April 2nd. Seaport Res Ptn upgraded shares of GFL Environmental to a "strong-buy" rating in a research note on Tuesday, May 6th. 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 Tuesday, May 13th. Royal Bank of Canada boosted their target price 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. Finally, Scotiabank reaffirmed an "outperform" rating on shares of GFL Environmental in a research report on Monday, May 5th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $54.57.

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.

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