Alyeska Investment Group L.P. reduced its position in GFL Environmental Inc. (NYSE:GFL - Free Report) by 70.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 75,000 shares of the company's stock after selling 175,000 shares during the quarter. Alyeska Investment Group L.P.'s holdings in GFL Environmental were worth $3,340,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently modified their holdings of GFL. Blue Trust Inc. increased its stake in GFL Environmental by 124.9% during the 4th quarter. Blue Trust Inc. now owns 551 shares of the company's stock worth $25,000 after buying an additional 306 shares during the period. Berbice Capital Management LLC bought a new position in shares of GFL Environmental during the fourth quarter worth about $27,000. Natixis bought a new stake in shares of GFL Environmental in the 4th quarter valued at approximately $49,000. SRH Advisors LLC acquired a new stake in shares of GFL Environmental during the 4th quarter valued at approximately $89,000. Finally, Steward Partners Investment Advisory LLC raised its position in shares of GFL Environmental by 350.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,400 shares of the company's stock worth $107,000 after purchasing an additional 1,867 shares during the period. 64.70% of the stock is currently owned by hedge funds and other institutional investors.
GFL Environmental Trading Down 3.0%
GFL stock traded down $1.48 during midday trading on Monday, hitting $48.17. 562,373 shares of the company's stock were exchanged, compared to its average volume of 1,478,520. The company has a market cap of $18.95 billion, a PE ratio of -36.19 and a beta of 1.08. GFL Environmental Inc. has a one year low of $30.57 and a one year high of $52.00. The stock's fifty day moving average price is $47.92 and its 200-day moving average price is $45.72. 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 announced its quarterly earnings data 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 negative net margin of 7.54% and a positive return on equity of 3.50%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.52 billion. The business's revenue for the quarter was down 13.4% on a year-over-year basis. Research 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 disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, April 14th were given a $0.0154 dividend. This is a positive change from GFL Environmental's previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a dividend yield of 0.13%. GFL Environmental's dividend payout ratio is presently 1.23%.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. Scotiabank restated an "outperform" rating on shares of GFL Environmental in a research report on Monday, May 5th. Raymond James reaffirmed an "outperform" rating and set a $57.00 price objective (up from $56.00) on shares of GFL Environmental in a research report on Friday, May 2nd. Truist Financial lifted their price objective on shares of GFL Environmental from $54.00 to $58.00 and gave the company a "buy" rating in a research note on Wednesday, April 2nd. Citigroup decreased their price target on GFL Environmental from $56.00 to $53.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, Stifel Nicolaus upgraded GFL Environmental from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, GFL Environmental currently has an average rating of "Buy" and an average target price of $54.14.
Get Our Latest Research Report on GFL Environmental
GFL Environmental Company 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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