GFL Environmental Inc. (NYSE:GFL) Short Interest Down 17.7% in May

GFL Environmental Inc. (NYSE:GFL - Get Free Report) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totalling 8,910,000 shares, a decrease of 17.7% from the April 30th total of 10,830,000 shares. Approximately 3.8% of the company's shares are sold short. Based on an average daily volume of 2,070,000 shares, the short-interest ratio is presently 4.3 days.

GFL Environmental Price Performance

GFL remained flat at $49.37 during midday trading on Wednesday. 665,966 shares of the company traded hands, compared to its average volume of 1,489,502. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $18.10 billion, a P/E ratio of -37.12 and a beta of 1.08. The company's 50 day moving average price is $48.61 and its two-hundred day moving average price is $46.47. GFL Environmental has a 52-week low of $35.91 and a 52-week high of $52.00.

GFL Environmental (NYSE:GFL - Get Free Report) last released 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 business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.52 billion. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. The business's quarterly revenue was down 13.4% on a year-over-year basis. On average, research analysts expect that GFL Environmental will post 0.58 EPS for the current 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 issued a dividend of $0.0154 per share. This is a positive change from GFL Environmental's previous quarterly dividend of $0.01. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.12%. GFL Environmental's dividend payout ratio is currently 1.23%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. began coverage on GFL Environmental in a research note on Friday, May 23rd. They issued a "neutral" rating and a $54.00 price target on the stock. National Bank Financial upgraded shares of GFL Environmental to a "strong-buy" rating in a research report on Monday, May 26th. National Bankshares reiterated an "outperform" rating on shares of GFL Environmental in a research report on Tuesday, March 11th. UBS Group boosted their target price on shares of GFL Environmental from $50.00 to $57.00 and gave the company a "buy" rating in a research note on Friday, April 4th. Finally, Seaport Res Ptn raised GFL Environmental to a "strong-buy" rating in a research report on Tuesday, May 6th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $54.50.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. raised its position in shares of GFL Environmental by 124.9% in the fourth quarter. Blue Trust Inc. now owns 551 shares of the company's stock valued at $25,000 after purchasing an additional 306 shares during the period. Millstone Evans Group LLC grew its stake in GFL Environmental by 147.8% in the 1st quarter. Millstone Evans Group LLC now owns 560 shares of the company's stock valued at $27,000 after buying an additional 334 shares during the last quarter. Bessemer Group Inc. acquired a new position in GFL Environmental in the 1st quarter valued at $28,000. LRI Investments LLC bought a new position in GFL Environmental in the 1st quarter worth $34,000. Finally, Natixis acquired a new position in GFL Environmental during the 4th quarter worth $49,000. 64.70% of the stock is owned by institutional investors.

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.