Soros Fund Management LLC Has $142.70 Million Stock Position in GFL Environmental Inc. (NYSE:GFL)

Soros Fund Management LLC grew its holdings in GFL Environmental Inc. (NYSE:GFL - Free Report) by 1.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 3,203,904 shares of the company's stock after buying an additional 47,577 shares during the quarter. GFL Environmental makes up about 2.1% of Soros Fund Management LLC's investment portfolio, making the stock its 9th largest holding. Soros Fund Management LLC owned approximately 0.81% of GFL Environmental worth $142,702,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Generate Investment Management Ltd bought a new position in shares of GFL Environmental in the 4th quarter worth approximately $15,041,000. Tobam purchased a new stake in GFL Environmental in the fourth quarter worth $1,846,000. Raymond James Financial Inc. bought a new position in GFL Environmental in the fourth quarter worth $18,836,000. Bleakley Financial Group LLC lifted its position in GFL Environmental by 9.9% during the fourth quarter. Bleakley Financial Group LLC now owns 7,954 shares of the company's stock valued at $354,000 after buying an additional 718 shares during the period. Finally, Quaero Capital S.A. boosted its holdings in shares of GFL Environmental by 35.1% during the 4th quarter. Quaero Capital S.A. now owns 37,310 shares of the company's stock valued at $1,662,000 after buying an additional 9,690 shares in the last quarter. Hedge funds and other institutional investors own 64.70% of the company's stock.

GFL Environmental Stock Performance

GFL traded up $0.56 during midday trading on Friday, hitting $50.40. 1,345,603 shares of the company traded hands, compared to its average volume of 1,476,615. The company's 50-day moving average is $47.21 and its 200 day moving average is $45.27. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $19.83 billion, a PE ratio of -37.89 and a beta of 1.09. GFL Environmental Inc. has a 52 week low of $30.57 and a 52 week high of $51.01.

GFL Environmental (NYSE:GFL - Get Free Report) last issued its quarterly earnings data 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). 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 for the quarter, compared to the consensus estimate of $1.52 billion. The business's revenue for the quarter was down 13.4% compared to the same quarter last year. On average, research analysts expect that GFL Environmental Inc. will post 0.58 EPS for the current year.

GFL Environmental Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, April 14th were 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 dividend on an annualized basis and a dividend yield of 0.12%. GFL Environmental's payout ratio is currently -3.87%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Citigroup decreased 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 note on Tuesday, April 8th. Raymond James reaffirmed an "outperform" rating and set a $57.00 target price (up previously from $56.00) on shares of GFL Environmental in a research note on Friday. National Bankshares reissued an "outperform" rating on shares of GFL Environmental in a research report on Tuesday, March 11th. Stifel Nicolaus raised GFL Environmental from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. Finally, UBS Group lifted their price objective on GFL Environmental from $50.00 to $57.00 and gave the company a "buy" rating in a research note on Friday, April 4th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $52.13.

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.