GFL Environmental Inc. (NYSE:GFL) Shares Purchased by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC boosted its position in GFL Environmental Inc. (NYSE:GFL - Free Report) by 2.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 904,598 shares of the company's stock after buying an additional 25,341 shares during the period. ArrowMark Colorado Holdings LLC owned approximately 0.23% of GFL Environmental worth $40,291,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Erste Asset Management GmbH increased its stake in shares of GFL Environmental by 2.0% during the 4th quarter. Erste Asset Management GmbH now owns 13,371 shares of the company's stock worth $597,000 after purchasing an additional 261 shares during the last quarter. Metis Global Partners LLC grew its stake in GFL Environmental by 5.4% in the 4th quarter. Metis Global Partners LLC now owns 5,790 shares of the company's stock worth $258,000 after buying an additional 298 shares in the last quarter. Blue Trust Inc. boosted its stake in 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 buying an additional 306 shares in the last quarter. US Bancorp DE lifted its stake in shares of GFL Environmental by 12.5% in the 4th quarter. US Bancorp DE now owns 2,890 shares of the company's stock valued at $129,000 after acquiring an additional 321 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its stake in GFL Environmental by 1.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 31,503 shares of the company's stock worth $1,403,000 after purchasing an additional 351 shares during the period. Institutional investors own 64.70% of the company's stock.

GFL Environmental Price Performance

NYSE:GFL traded down $0.56 during mid-day trading on Tuesday, hitting $51.02. 1,209,410 shares of the company's stock traded hands, compared to its average volume of 1,475,084. GFL Environmental Inc. has a 1 year low of $30.57 and a 1 year high of $52.00. The company has a market cap of $20.07 billion, a PE ratio of -38.36 and a beta of 1.08. 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's 50 day simple moving average is $47.48 and its 200 day simple moving average is $45.47.

GFL Environmental (NYSE:GFL - Get Free Report) last released its 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). The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.52 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. GFL Environmental's revenue was down 13.4% compared to the same quarter last year. Sell-side analysts expect that GFL Environmental Inc. will post 0.58 EPS for the current year.

GFL Environmental Increases Dividend

The firm 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 is a boost from GFL Environmental's previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a dividend yield of 0.12%. GFL Environmental's payout ratio is 1.23%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. UBS Group raised their target price on GFL Environmental from $50.00 to $57.00 and gave the company a "buy" rating in a research note on Friday, April 4th. Scotiabank upped their target price on shares of GFL Environmental from $54.00 to $56.00 and gave the stock a "sector outperform" rating in a report on Monday. Stifel Nicolaus upgraded shares of GFL Environmental from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. Truist Financial raised their price target on GFL Environmental from $54.00 to $58.00 and gave the stock a "buy" rating in a research report on Wednesday, April 2nd. Finally, Raymond James restated an "outperform" rating and set a $57.00 price target (up previously from $56.00) on shares of GFL Environmental in a research note on Friday. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $52.75.

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.