Hood River Capital Management LLC Increases Holdings in GFL Environmental Inc. (NYSE:GFL)

Hood River Capital Management LLC grew its position in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 10.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 453,907 shares of the company's stock after buying an additional 44,248 shares during the period. Hood River Capital Management LLC owned 0.12% of GFL Environmental worth $20,217,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC raised its position in shares of GFL Environmental by 7.7% in the third quarter. Geode Capital Management LLC now owns 918,706 shares of the company's stock valued at $36,296,000 after purchasing an additional 65,449 shares during the period. Sanctuary Advisors LLC bought a new position in shares of GFL Environmental in the third quarter worth $174,000. Tidal Investments LLC grew its position in shares of GFL Environmental by 6.3% in the third quarter. Tidal Investments LLC now owns 20,853 shares of the company's stock valued at $832,000 after purchasing an additional 1,238 shares in the last quarter. BluePath Capital Management LLC purchased a new stake in GFL Environmental during the 4th quarter worth about $248,000. Finally, Avanza Fonder AB purchased a new stake in GFL Environmental during the 4th quarter worth about $1,063,000. Institutional investors own 64.70% of the company's stock.

GFL Environmental Price Performance

NYSE:GFL traded down $0.73 during mid-day trading on Monday, reaching $48.26. The stock had a trading volume of 224,263 shares, compared to its average volume of 1,470,352. The stock has a market capitalization of $18.98 billion, a P/E ratio of -36.26 and a beta of 1.09. GFL Environmental Inc. has a one year low of $30.57 and a one year high of $49.45. The firm has a 50 day moving average price of $46.96 and a two-hundred day moving average price of $45.09. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.58 and a current ratio of 0.58.

GFL Environmental (NYSE:GFL - Get Free Report) last issued its earnings results on Monday, February 24th. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.03. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. The company had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $1.98 billion. As a group, analysts expect that GFL Environmental Inc. will post 0.58 earnings per share for the current year.

GFL Environmental Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 14th will be paid a dividend of $0.0154 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.13%. This is a positive change from GFL Environmental's previous quarterly dividend of $0.01. GFL Environmental's dividend payout ratio is -3.87%.

Analysts Set New Price Targets

GFL has been the topic of several analyst reports. Raymond James set a $56.00 price target on GFL Environmental and gave the company an "outperform" rating in a research report on Wednesday, April 16th. Scotiabank upped their target price on shares of GFL Environmental from $52.00 to $54.00 and gave the stock an "outperform" rating in a report on Tuesday, April 8th. Truist Financial boosted their price target 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. Royal Bank of Canada reiterated an "outperform" rating and issued a $53.00 price objective on shares of GFL Environmental in a research report on Monday, February 24th. Finally, Stifel Nicolaus raised GFL Environmental from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $52.00.

GFL Environmental Company 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.