USS Investment Management Ltd lessened its stake in GFL Environmental Inc. (NYSE:GFL - Free Report) by 31.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 53,867 shares of the company's stock after selling 24,991 shares during the period. USS Investment Management Ltd's holdings in GFL Environmental were worth $2,389,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in GFL. Squarepoint Ops LLC increased its stake in GFL Environmental by 42.2% during the fourth quarter. Squarepoint Ops LLC now owns 28,895 shares of the company's stock valued at $1,287,000 after purchasing an additional 8,580 shares during the last quarter. Silvercrest Asset Management Group LLC increased its stake in GFL Environmental by 10.2% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 17,268 shares of the company's stock valued at $769,000 after purchasing an additional 1,601 shares during the last quarter. Polar Asset Management Partners Inc. increased its stake in GFL Environmental by 241.7% during the fourth quarter. Polar Asset Management Partners Inc. now owns 119,951 shares of the company's stock valued at $5,344,000 after purchasing an additional 84,851 shares during the last quarter. Progeny 3 Inc. increased its stake in GFL Environmental by 14.0% during the fourth quarter. Progeny 3 Inc. now owns 1,018,300 shares of the company's stock valued at $45,355,000 after purchasing an additional 125,000 shares during the last quarter. Finally, Quantinno Capital Management LP increased its stake in GFL Environmental by 8.6% during the fourth quarter. Quantinno Capital Management LP now owns 24,374 shares of the company's stock valued at $1,086,000 after purchasing an additional 1,921 shares during the last quarter. Institutional investors own 64.70% of the company's stock.
GFL Environmental Stock Performance
NYSE GFL traded down $0.38 during midday trading on Thursday, hitting $49.31. The company had a trading volume of 233,228 shares, compared to its average volume of 1,515,060. The firm has a fifty day simple moving average of $48.51 and a two-hundred day simple moving average of $46.29. The stock has a market cap of $18.08 billion, a price-to-earnings ratio of -37.06 and a beta of 1.08. GFL Environmental Inc. has a fifty-two week low of $30.57 and a fifty-two week high of $52.00. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.27.
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 (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.10). GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.52 billion. GFL Environmental's quarterly revenue was down 13.4% on a year-over-year basis. Equities analysts forecast that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.
GFL Environmental Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors 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 yield of 0.12%. This is a boost from GFL Environmental's previous quarterly dividend of $0.01. GFL Environmental's payout ratio is currently 1.23%.
Analyst Ratings Changes
Several equities analysts have recently issued reports on GFL shares. Stifel Nicolaus raised shares of GFL Environmental from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. National Bank Financial raised shares of GFL Environmental to a "strong-buy" rating in a report on Monday. Scotiabank reissued an "outperform" rating on shares of GFL Environmental in a report on Monday, May 5th. National Bankshares reissued an "outperform" rating on shares of GFL Environmental in a report on Tuesday, March 11th. Finally, Citigroup boosted their price objective on GFL Environmental from $53.00 to $56.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $54.50.
Read Our Latest Research Report 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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