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

Cubist Systematic Strategies LLC decreased its stake in GFL Environmental Inc. (NYSE:GFL - Free Report) by 95.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 770 shares of the company's stock after selling 14,518 shares during the period. Cubist Systematic Strategies LLC's holdings in GFL Environmental were worth $34,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. FMR LLC grew its position in GFL Environmental by 10.0% in the 4th quarter. FMR LLC now owns 27,664,678 shares of the company's stock worth $1,233,223,000 after purchasing an additional 2,506,021 shares during the last quarter. Capital Research Global Investors increased its position in 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 acquiring an additional 2,751,618 shares during the period. Vanguard Group Inc. increased its position in 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 acquiring an additional 217,096 shares during the period. Soros Fund Management LLC increased its position in 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 acquiring an additional 47,577 shares during the period. Finally, Norges Bank acquired a new stake in GFL Environmental in the 4th quarter valued at approximately $126,420,000. Institutional investors own 64.70% of the company's stock.

GFL Environmental Stock Up 0.7%

NYSE:GFL traded up $0.33 during trading hours on Friday, hitting $49.12. 1,014,921 shares of the stock traded hands, compared to its average volume of 1,522,977. The firm has a 50 day moving average price of $48.42 and a 200 day moving average price of $46.22. The firm has a market cap of $18.01 billion, a price-to-earnings ratio of -36.93 and a beta of 1.08. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.27. GFL Environmental Inc. has a fifty-two week low of $30.57 and a fifty-two week high of $52.00.

GFL Environmental (NYSE:GFL - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.10). The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.52 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. The firm's quarterly revenue 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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, April 14th were paid a $0.0154 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.13%. This is a positive change from GFL Environmental's previous quarterly dividend of $0.01. GFL Environmental's payout ratio is presently 1.23%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GFL. UBS Group lifted their price objective on shares of GFL Environmental from $50.00 to $57.00 and gave the company a "buy" rating in a research note on Friday, April 4th. JPMorgan Chase & Co. began coverage on shares of GFL Environmental in a research note on Friday. They issued a "neutral" rating and a $54.00 price target for the company. Citigroup upped their price target on shares of GFL Environmental from $53.00 to $56.00 and gave the stock a "buy" rating in a research note on Thursday. Truist Financial upped their price target 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. Finally, Royal Bank of Canada upped their price target on shares of GFL Environmental from $53.00 to $56.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, GFL Environmental currently has a consensus rating of "Moderate Buy" and a consensus price target of $54.50.

About GFL Environmental

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.