56,883 Shares in GFL Environmental Inc. (NYSE:GFL) Purchased by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP acquired a new stake in GFL Environmental Inc. (NYSE:GFL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 56,883 shares of the company's stock, valued at approximately $2,534,000.

Other large investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of GFL Environmental during the fourth quarter worth approximately $126,420,000. Capital Research Global Investors grew its position in shares of GFL Environmental by 11.4% during the fourth quarter. Capital Research Global Investors now owns 26,973,784 shares of the company's stock worth $1,201,406,000 after buying an additional 2,751,618 shares in the last quarter. FMR LLC grew its position in shares of GFL Environmental by 10.0% during the fourth quarter. FMR LLC now owns 27,664,678 shares of the company's stock worth $1,233,223,000 after buying an additional 2,506,021 shares in the last quarter. Cohen & Steers Inc. acquired a new stake in shares of GFL Environmental during the fourth quarter worth approximately $51,505,000. Finally, Paralel Advisors LLC acquired a new stake in shares of GFL Environmental during the fourth quarter worth approximately $44,540,000. Institutional investors and hedge funds own 64.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Scotiabank reissued an "outperform" rating on shares of GFL Environmental in a research report on Monday, May 5th. Seaport Res Ptn raised shares of GFL Environmental to a "strong-buy" rating in a report on Tuesday, May 6th. Citigroup lifted their price objective on shares of GFL Environmental from $53.00 to $56.00 and gave the stock a "buy" rating in a report on Tuesday. National Bankshares reaffirmed an "outperform" rating on shares of GFL Environmental in a report on Tuesday, March 11th. Finally, Royal Bank of Canada lifted their price objective on shares of GFL Environmental from $53.00 to $56.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, GFL Environmental currently has a consensus rating of "Buy" and a consensus target price of $54.57.

GFL Environmental Stock Performance

GFL stock traded up $0.35 during mid-day trading on Friday, reaching $49.38. The company had a trading volume of 1,741,926 shares, compared to its average volume of 1,504,284. 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 stock has a market capitalization of $19.42 billion, a P/E ratio of -37.12 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 50-day simple moving average is $48.09 and its two-hundred day simple moving average is $45.93.

GFL Environmental (NYSE:GFL - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.10). The company had revenue of $1.08 billion during 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 company's revenue for the quarter was down 13.4% compared to the same quarter last year. Research analysts anticipate that GFL Environmental Inc. 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. Investors of record on Monday, April 14th were issued a $0.0154 dividend. This represents a $0.06 annualized dividend and a yield of 0.12%. This is an increase from GFL Environmental's previous quarterly dividend of $0.01. GFL Environmental's dividend payout ratio is presently 1.23%.

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.