GFL Environmental Inc. (NYSE:GFL) Shares Bought by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. boosted its holdings in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 241.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 119,951 shares of the company's stock after purchasing an additional 84,851 shares during the quarter. Polar Asset Management Partners Inc.'s holdings in GFL Environmental were worth $5,344,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Grimes & Company Inc. bought a new position in GFL Environmental in the 4th quarter worth about $223,000. Blue Trust Inc. raised its stake in shares of 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 last quarter. Symphony Financial Ltd. Co. acquired a new position in GFL Environmental during the fourth quarter valued at $213,000. Capital Insight Partners LLC grew its stake in shares of GFL Environmental by 7.5% during the 4th quarter. Capital Insight Partners LLC now owns 39,752 shares of the company's stock worth $1,771,000 after purchasing an additional 2,790 shares during the period. Finally, Jennison Associates LLC raised its holdings in GFL Environmental by 7.0% in 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 period. 64.70% of the stock is owned by institutional investors.

GFL Environmental Price Performance

GFL stock traded up $1.18 during trading on Friday, reaching $50.43. 1,686,527 shares of the company were exchanged, compared to its average volume of 1,523,439. GFL Environmental Inc. has a 52-week low of $32.55 and a 52-week high of $52.00. The company has a market cap of $18.49 billion, a P/E ratio of -37.92 and a beta of 1.08. The stock's 50 day moving average price is $48.57 and its 200 day moving average price is $46.38. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.58 and a current ratio of 0.58.

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 the consensus estimate of $0.04 by ($0.10). The business 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 company's revenue was down 13.4% compared to the same quarter last year. As a group, analysts predict that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal 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 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 1.23%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Citigroup raised their target price on GFL Environmental from $53.00 to $56.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. National Bankshares reiterated an "outperform" rating on shares of GFL Environmental in a report on Tuesday, March 11th. Royal Bank of Canada increased their target price on shares of GFL Environmental from $53.00 to $56.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. Seaport Res Ptn upgraded GFL Environmental to a "strong-buy" rating in a research note on Tuesday, May 6th. Finally, National Bank Financial raised GFL Environmental to a "strong-buy" rating in a report on Monday, May 26th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "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.