Tudor Investment Corp ET AL Reduces Holdings in GFL Environmental Inc. (NYSE:GFL)

Tudor Investment Corp ET AL decreased its stake in GFL Environmental Inc. (NYSE:GFL - Free Report) by 67.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,914 shares of the company's stock after selling 36,685 shares during the period. Tudor Investment Corp ET AL's holdings in GFL Environmental were worth $798,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Blue Trust Inc. boosted its holdings in shares of GFL Environmental by 124.9% in the 4th 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. Berbice Capital Management LLC acquired a new position in shares of GFL Environmental in the 4th quarter valued at $27,000. Natixis acquired a new position in shares of GFL Environmental in the 4th quarter valued at $49,000. SRH Advisors LLC acquired a new position in shares of GFL Environmental in the 4th quarter valued at $89,000. Finally, Steward Partners Investment Advisory LLC boosted its holdings in shares of GFL Environmental by 350.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,400 shares of the company's stock valued at $107,000 after buying an additional 1,867 shares in the last quarter. Institutional investors and hedge funds own 64.70% of the company's stock.

GFL Environmental Stock Performance

GFL Environmental stock traded down $1.42 during trading hours on Monday, reaching $48.23. 1,447,358 shares of the stock were exchanged, compared to its average volume of 1,950,507. The stock has a market cap of $18.97 billion, a P/E ratio of -36.26 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. GFL Environmental Inc. has a 52-week low of $30.57 and a 52-week high of $52.00. The firm's 50 day moving average is $47.92 and its 200 day moving average is $45.72.

GFL Environmental (NYSE:GFL - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.10). The company had revenue of $1.08 billion for 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%. The firm's revenue was down 13.4% on a year-over-year basis. Analysts predict 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. Stockholders of record on Monday, April 14th were issued a $0.0154 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.13%. This is an increase from GFL Environmental's previous quarterly dividend of $0.01. GFL Environmental's dividend payout ratio (DPR) is currently 1.23%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Royal Bank of Canada upped their target price on shares of GFL Environmental from $53.00 to $56.00 and gave the company an "outperform" rating in a report on Monday, May 5th. UBS Group upped their price target on shares of GFL Environmental from $50.00 to $57.00 and gave the company a "buy" rating in a research report on Friday, April 4th. Citigroup reduced their price target on shares of GFL Environmental from $56.00 to $53.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Truist Financial upped 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. Finally, Stifel Nicolaus upgraded shares of GFL Environmental from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. One 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 stock. Based on data from MarketBeat, GFL Environmental has an average rating of "Buy" and a consensus price target of $54.14.

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.