Squarepoint Ops LLC Raises Stock Holdings in GFL Environmental Inc. (NYSE:GFL)

Squarepoint Ops LLC raised its holdings in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 42.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,895 shares of the company's stock after buying an additional 8,580 shares during the period. Squarepoint Ops LLC's holdings in GFL Environmental were worth $1,287,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in GFL. Norges Bank purchased a new stake in shares of GFL Environmental in the 4th quarter worth $126,420,000. Capital Research Global Investors increased its position in GFL Environmental by 11.4% in the fourth quarter. Capital Research Global Investors now owns 26,973,784 shares of the company's stock worth $1,201,406,000 after buying an additional 2,751,618 shares in the last quarter. FMR LLC increased its position in GFL Environmental by 10.0% in the fourth quarter. FMR LLC now owns 27,664,678 shares of the company's stock worth $1,233,223,000 after buying an additional 2,506,021 shares in the last quarter. Cohen & Steers Inc. bought a new position in shares of GFL Environmental in the fourth quarter worth about $51,505,000. Finally, Paralel Advisors LLC purchased a new position in shares of GFL Environmental during the 4th quarter valued at about $44,540,000. 64.70% of the stock is currently owned by institutional investors.

GFL Environmental Stock Performance

Shares of GFL remained flat at $49.37 during midday trading on Wednesday. 665,966 shares of the company's stock traded hands, compared to its average volume of 1,489,502. GFL Environmental Inc. has a twelve month low of $35.91 and a twelve month high of $52.00. 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 firm has a 50 day simple moving average of $48.64 and a 200 day simple moving average of $46.49. The stock has a market cap of $18.10 billion, a PE ratio of -37.12 and a beta of 1.08.

GFL Environmental (NYSE:GFL - Get Free Report) last announced its quarterly 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). 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 during the quarter, compared to the consensus estimate of $1.52 billion. The business's revenue was down 13.4% compared to the same quarter last year. Sell-side analysts predict that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, April 14th were given a $0.0154 dividend. This represents a $0.06 annualized dividend and a yield of 0.12%. This is a positive change from GFL Environmental's previous quarterly dividend of $0.01. GFL Environmental's dividend payout ratio (DPR) is currently 1.23%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on GFL. Stifel Nicolaus raised shares of GFL Environmental from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. Seaport Res Ptn upgraded shares of GFL Environmental to a "strong-buy" rating in a research report on Tuesday, May 6th. Truist Financial raised their price objective on shares of GFL Environmental from $54.00 to $58.00 and gave the company a "buy" rating in a research report on Wednesday, April 2nd. Raymond James restated an "outperform" rating and set a $57.00 target price (up previously from $56.00) on shares of GFL Environmental in a research note on Friday, May 2nd. Finally, JPMorgan Chase & Co. assumed coverage on GFL Environmental in a research note on Friday, May 23rd. They issued a "neutral" rating and a $54.00 price target for the company. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, GFL Environmental presently has an average rating of "Buy" and a consensus target price 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.