D. E. Shaw & Co. Inc. lowered its position in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 62.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & 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.
Several other hedge funds also recently made changes to their positions in the business. Grimes & Company Inc. bought a new position in shares of GFL Environmental in the 4th quarter valued at about $223,000. Blue Trust Inc. boosted its position in GFL Environmental by 124.9% during the fourth quarter. Blue Trust Inc. now owns 551 shares of the company's stock valued at $25,000 after purchasing an additional 306 shares during the last quarter. Symphony Financial Ltd. Co. bought a new position in GFL Environmental in the fourth quarter valued at approximately $213,000. Capital Insight Partners LLC grew its stake in GFL Environmental by 7.5% in the fourth quarter. Capital Insight Partners LLC now owns 39,752 shares of the company's stock valued at $1,771,000 after purchasing an additional 2,790 shares in the last quarter. Finally, Jennison Associates LLC increased its position in shares of GFL Environmental by 7.0% during the 4th quarter. Jennison Associates LLC now owns 1,544,690 shares of the company's stock worth $68,800,000 after purchasing an additional 101,695 shares during the last quarter. 64.70% of the stock is owned by institutional investors.
GFL Environmental Stock Performance
GFL Environmental stock traded up $0.51 during trading hours on Tuesday, hitting $49.65. The company had a trading volume of 901,065 shares, compared to its average volume of 1,520,489. The firm has a 50-day moving average of $48.44 and a 200 day moving average of $46.25. 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 firm has a market cap of $18.21 billion, a PE ratio of -37.33 and a beta of 1.08. GFL Environmental Inc. has a one year low of $30.57 and a one year 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) EPS 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 negative net margin of 7.54% and a positive return on equity of 3.50%. The firm's revenue for the quarter was down 13.4% compared to the same quarter last year. On average, sell-side 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. Stockholders of record on Monday, April 14th were issued a dividend of $0.0154 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.12%. This is an increase from GFL Environmental's previous quarterly dividend of $0.01. GFL Environmental's dividend payout ratio (DPR) is currently 1.23%.
Analyst Upgrades and Downgrades
GFL has been the subject of several analyst reports. Royal Bank of Canada raised 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. Raymond James reissued an "outperform" rating and issued a $57.00 price objective (up previously from $56.00) on shares of GFL Environmental in a research report on Friday, May 2nd. JPMorgan Chase & Co. initiated coverage on shares of GFL Environmental in a research note on Friday. They set a "neutral" rating and a $54.00 price objective on the stock. Truist Financial raised their target price on shares of GFL Environmental from $54.00 to $58.00 and gave the company a "buy" rating in a research note on Wednesday, April 2nd. Finally, Scotiabank reissued an "outperform" rating on shares of GFL Environmental in a research report on Monday, May 5th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, GFL Environmental presently has a consensus rating of "Moderate Buy" and a consensus target price of $54.50.
Get Our Latest Analysis on GFL Environmental
GFL Environmental Profile
(
Free Report)
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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