GFL Environmental Inc. (NYSE:GFL) Sees Significant Increase in Short Interest

GFL Environmental Inc. (NYSE:GFL - Get Free Report) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 11,390,000 shares, an increase of 36.1% from the March 15th total of 8,370,000 shares. Currently, 4.4% of the company's shares are sold short. Based on an average daily volume of 2,150,000 shares, the days-to-cover ratio is presently 5.3 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GFL. NRI Wealth Management LC purchased a new stake in GFL Environmental during the 1st quarter worth approximately $2,623,000. Bessemer Group Inc. bought a new stake in shares of GFL Environmental in the first quarter worth $28,000. Wealthquest Corp acquired a new stake in GFL Environmental in the first quarter valued at $253,000. Verde Servicos Internacionais S.A. bought a new position in GFL Environmental during the 1st quarter valued at $9,439,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in GFL Environmental during the 1st quarter worth $385,000. Institutional investors and hedge funds own 64.70% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Stifel Nicolaus raised GFL Environmental from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. National Bankshares reaffirmed an "outperform" rating on shares of GFL Environmental in a research note on Tuesday, March 11th. Raymond James set a $56.00 target price on shares of GFL Environmental and gave the stock an "outperform" rating in a research report on Wednesday, April 16th. Citigroup lowered their target price on shares of GFL Environmental from $56.00 to $53.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $53.00 price target on shares of GFL Environmental in a research note on Monday, February 24th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $52.00.

GFL Environmental Stock Up 0.9 %

Shares of GFL stock traded up $0.44 during trading hours on Thursday, reaching $48.51. The company had a trading volume of 411,412 shares, compared to its average volume of 1,468,844. The stock's fifty day simple moving average is $46.86 and its 200 day simple moving average is $44.91. The company has a market capitalization of $19.08 billion, a P/E ratio of -36.49 and a beta of 1.09. 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 has a twelve month low of $30.57 and a twelve month high of $49.45.

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

GFL Environmental Increases Dividend

The firm also recently announced 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 is an increase 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 (DPR) is currently -3.87%.

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.