Jane Street Group LLC Buys 78,807 Shares of GFL Environmental Inc. (NYSE:GFL)

Jane Street Group LLC increased its holdings in GFL Environmental Inc. (NYSE:GFL - Free Report) by 106.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 152,765 shares of the company's stock after buying an additional 78,807 shares during the period. Jane Street Group LLC's holdings in GFL Environmental were worth $6,804,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of GFL. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of GFL Environmental by 21.5% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 821,270 shares of the company's stock worth $36,592,000 after acquiring an additional 145,193 shares in the last quarter. Soros Fund Management LLC raised its stake in shares of GFL Environmental by 1.5% during the 4th quarter. Soros Fund Management LLC now owns 3,203,904 shares of the company's stock valued at $142,702,000 after purchasing an additional 47,577 shares during the period. Northern Trust Corp lifted its holdings in GFL Environmental by 16.0% during the 4th quarter. Northern Trust Corp now owns 519,703 shares of the company's stock worth $23,148,000 after purchasing an additional 71,825 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in GFL Environmental by 7.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 664,887 shares of the company's stock worth $29,679,000 after purchasing an additional 43,500 shares during the period. Finally, Boothbay Fund Management LLC purchased a new position in GFL Environmental during the 4th quarter valued at about $4,628,000. 64.70% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on GFL. Raymond James restated an "outperform" rating and issued a $57.00 price objective (up from $56.00) on shares of GFL Environmental in a research report on Friday, May 2nd. Citigroup raised their price target on shares of GFL Environmental from $53.00 to $56.00 and gave the company a "buy" rating in a report on Tuesday. Truist Financial upped their price target on shares of GFL Environmental from $54.00 to $58.00 and gave the stock a "buy" rating in a report on Wednesday, April 2nd. Stifel Nicolaus upgraded GFL Environmental from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. Finally, Scotiabank restated an "outperform" rating on shares of GFL Environmental in a research report on Monday, May 5th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $54.57.

GFL Environmental Price Performance

Shares of NYSE GFL traded down $0.86 during mid-day trading on Wednesday, reaching $47.24. 709,570 shares of the company were exchanged, compared to its average volume of 1,490,316. The company's 50 day moving average price is $47.97 and its 200 day moving average price is $45.80. GFL Environmental Inc. has a 52 week low of $30.57 and a 52 week high of $52.00. 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 $18.58 billion, a PE ratio of -35.52 and a beta of 1.08.

GFL Environmental (NYSE:GFL - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.10). The business had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.52 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. GFL Environmental's revenue was down 13.4% compared to the same quarter last year. Sell-side analysts forecast that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, April 14th were given 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 yield of 0.13%. 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.