GFL Environmental Inc. (NYSE:GFL) Stake Reduced by Quaero Capital S.A.

Quaero Capital S.A. lowered its stake in GFL Environmental Inc. (NYSE:GFL - Free Report) by 46.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,000 shares of the company's stock after selling 17,310 shares during the quarter. Quaero Capital S.A.'s holdings in GFL Environmental were worth $966,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Blue Trust Inc. raised its stake in shares of 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 period. Bessemer Group Inc. purchased a new stake in GFL Environmental during the 1st quarter worth $28,000. Natixis acquired a new position in GFL Environmental in the 4th quarter worth $49,000. Harbor Investment Advisory LLC acquired a new position in GFL Environmental in the 1st quarter worth $53,000. Finally, Versant Capital Management Inc boosted its position in GFL Environmental by 3,470.3% in the 1st quarter. Versant Capital Management Inc now owns 1,321 shares of the company's stock valued at $64,000 after buying an additional 1,284 shares during the last quarter. 64.70% of the stock is currently owned by hedge funds and other institutional investors.

GFL Environmental Stock Performance

Shares of GFL stock traded down $0.87 on Friday, hitting $49.71. 2,663,876 shares of the stock traded hands, compared to its average volume of 1,450,211. The company's fifty day moving average is $49.55 and its 200 day moving average is $46.90. GFL Environmental Inc. has a 1-year low of $37.00 and a 1-year high of $52.00. The company has a market capitalization of $18.23 billion, a PE ratio of 10.19 and a beta of 1.04. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.82 and a quick ratio of 0.82.

GFL Environmental (NYSE:GFL - Get Free Report) last released 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 business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.52 billion. GFL Environmental had a net margin of 36.01% and a return on equity of 3.93%. The company's revenue for the quarter was down 13.4% compared to the same quarter last year. On average, equities research 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 disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, April 14th were paid a dividend of $0.0154 per share. This is a positive change 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 dividend payout ratio is 1.23%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Citigroup lifted their target price on GFL Environmental from $53.00 to $56.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. National Bank Financial upgraded GFL Environmental to a "strong-buy" rating in a report on Monday, May 26th. Truist Financial increased their target price on GFL Environmental from $54.00 to $58.00 and gave the company a "buy" rating in a research note on Wednesday, April 2nd. National Bankshares reissued an "outperform" rating on shares of GFL Environmental in a research report on Tuesday, March 11th. Finally, UBS Group upped their price target on shares of GFL Environmental from $50.00 to $57.00 and gave the company a "buy" rating in a report on Friday, April 4th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, GFL Environmental currently has a consensus rating of "Buy" and an average price target of $54.50.

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.