195,385 Shares in GFL Environmental Inc. (NYSE:GFL) Bought by Verde Servicos Internacionais S.A.

Verde Servicos Internacionais S.A. bought a new position in GFL Environmental Inc. (NYSE:GFL - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 195,385 shares of the company's stock, valued at approximately $9,439,000. GFL Environmental comprises approximately 5.4% of Verde Servicos Internacionais S.A.'s portfolio, making the stock its 6th largest position.

Other hedge funds have also modified their holdings of the company. Blue Trust Inc. lifted 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 buying an additional 306 shares in the last quarter. Natixis acquired a new position in GFL Environmental during the fourth quarter valued at approximately $49,000. Harbor Investment Advisory LLC acquired a new position in GFL Environmental during the first quarter valued at approximately $53,000. Versant Capital Management Inc lifted its position in GFL Environmental by 3,470.3% during the first 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 in the last quarter. Finally, Fifth Third Bancorp lifted its position in GFL Environmental by 81.9% during the first quarter. Fifth Third Bancorp now owns 1,643 shares of the company's stock valued at $79,000 after buying an additional 740 shares in the last quarter. 64.70% of the stock is owned by institutional investors and hedge funds.

GFL Environmental Stock Up 1.8%

Shares of NYSE GFL traded up $0.92 during trading on Thursday, reaching $50.61. 1,318,230 shares of the stock were exchanged, compared to its average volume of 1,445,356. The business's 50-day moving average price is $49.55 and its 200 day moving average price is $46.90. GFL Environmental Inc. has a twelve month low of $37.00 and a twelve month high of $52.00. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $18.56 billion, a price-to-earnings ratio of 10.37 and a beta of 1.04.

GFL Environmental (NYSE:GFL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.10). The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.52 billion. GFL Environmental had a return on equity of 3.93% and a net margin of 36.01%. The business's revenue was down 13.4% compared to the same quarter last year. As a group, equities analysts forecast that GFL Environmental Inc. will post 0.58 EPS 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 paid a $0.0154 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.12%. This is a positive change from GFL Environmental's previous quarterly dividend of $0.01. GFL Environmental's payout ratio is 1.23%.

Analyst Upgrades and Downgrades

GFL has been the topic of a number of recent research reports. Citigroup lifted their price target on shares of GFL Environmental from $53.00 to $56.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. National Bank Financial raised shares of GFL Environmental to a "strong-buy" rating in a research report on Monday, May 26th. JPMorgan Chase & Co. assumed coverage on shares of GFL Environmental in a research report on Friday, May 23rd. They set a "neutral" rating and a $54.00 price target on the stock. Seaport Res Ptn raised shares of GFL Environmental to a "strong-buy" rating in a research report on Tuesday, May 6th. 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 issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, GFL Environmental presently has an average rating of "Buy" and an average 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.