D. E. Shaw & Co. Inc. Decreases Stock Position in GFL Environmental Inc. (NYSE:GFL)

D. E. Shaw & Co. Inc. lessened its position in GFL Environmental Inc. (NYSE:GFL - Free Report) by 62.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,100 shares of the company's stock after selling 21,872 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in GFL Environmental were worth $584,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its stake in GFL Environmental by 124.9% in 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. Natixis purchased a new position in GFL Environmental in the 4th quarter worth about $49,000. SRH Advisors LLC purchased a new stake in GFL Environmental in the 4th quarter valued at about $89,000. Steward Partners Investment Advisory LLC grew its stake in GFL Environmental by 350.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,400 shares of the company's stock worth $107,000 after acquiring an additional 1,867 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its position in shares of GFL Environmental by 6,717.9% during the fourth quarter. Venturi Wealth Management LLC now owns 2,659 shares of the company's stock worth $118,000 after acquiring an additional 2,620 shares during the period. 64.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on GFL. Seaport Res Ptn upgraded GFL Environmental to a "strong-buy" rating in a research note on Tuesday, May 6th. Scotiabank reissued an "outperform" rating on shares of GFL Environmental in a report on Monday, May 5th. National Bankshares restated an "outperform" rating on shares of GFL Environmental in a research report on Tuesday, March 11th. Citigroup upped their price objective on GFL Environmental from $53.00 to $56.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Finally, Stifel Nicolaus upgraded GFL Environmental from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, GFL Environmental presently has an average rating of "Buy" and a consensus target price of $54.50.

GFL Environmental Trading Up 1.1%

Shares of NYSE GFL traded up $0.54 during midday trading on Friday, reaching $49.79. 248,756 shares of the stock were exchanged, compared to its average volume of 1,515,318. The stock has a market capitalization of $18.26 billion, a P/E ratio of -37.41 and a beta of 1.08. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.58 and a current ratio of 0.58. The company has a 50 day simple moving average of $48.53 and a 200 day simple moving average of $46.33. GFL Environmental Inc. has a twelve month low of $30.63 and a twelve month high of $52.00.

GFL Environmental (NYSE:GFL - Get Free Report) last posted its 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). GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.52 billion. GFL Environmental's revenue for the quarter was down 13.4% compared to the same quarter last year. As a group, equities analysts expect that GFL Environmental Inc. will post 0.58 earnings per share for the current year.

GFL Environmental Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, April 14th were given a $0.0154 dividend. This is an increase from GFL Environmental's previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a yield of 0.12%. 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.