GFL Environmental Inc. (NYSE:GFL) Shares Sold by Mariner LLC

Mariner LLC lessened its holdings in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 50.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,477 shares of the company's stock after selling 17,710 shares during the quarter. Mariner LLC's holdings in GFL Environmental were worth $778,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Cohen & Steers Inc. purchased a new position in GFL Environmental in the fourth quarter valued at about $51,505,000. Rockefeller Capital Management L.P. raised its holdings in shares of GFL Environmental by 0.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 42,153 shares of the company's stock valued at $1,878,000 after buying an additional 375 shares during the period. Harbert Fund Advisors Inc. raised its holdings in shares of GFL Environmental by 32.0% during the 4th quarter. Harbert Fund Advisors Inc. now owns 16,500 shares of the company's stock valued at $735,000 after buying an additional 4,000 shares during the period. Paralel Advisors LLC acquired a new position in GFL Environmental during the 4th quarter worth approximately $44,540,000. Finally, Bank of Hawaii boosted its holdings in GFL Environmental by 29.5% in the 4th quarter. Bank of Hawaii now owns 38,935 shares of the company's stock worth $1,734,000 after acquiring an additional 8,872 shares during the period. Hedge funds and other institutional investors own 64.70% of the company's stock.

GFL Environmental Stock Performance

Shares of GFL stock traded up $0.56 on Friday, hitting $50.40. 1,345,603 shares of the stock traded hands, compared to its average volume of 1,475,216. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.58 and a quick ratio of 0.58. GFL Environmental Inc. has a 1-year low of $30.57 and a 1-year high of $51.04. The company's fifty day moving average is $47.34 and its 200 day moving average is $45.37. The company has a market capitalization of $19.83 billion, a PE ratio of -37.89 and a beta of 1.09.

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 during the quarter, compared to analyst estimates of $1.52 billion. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. The firm's revenue was down 13.4% on a year-over-year basis. On average, equities research analysts predict that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal 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 $0.0154 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.12%. This is a positive change from GFL Environmental's previous quarterly dividend of $0.01. GFL Environmental's dividend payout ratio (DPR) is presently -3.87%.

Analyst Ratings Changes

A number of research analysts have recently commented on GFL shares. Raymond James reissued an "outperform" rating and set a $57.00 target price (up from $56.00) on shares of GFL Environmental in a research report on Friday. Truist Financial boosted their price objective 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. UBS Group upped their price objective on shares of GFL Environmental from $50.00 to $57.00 and gave the company a "buy" rating in a research report on Friday, April 4th. National Bankshares reaffirmed an "outperform" rating on shares of GFL Environmental in a research report on Tuesday, March 11th. Finally, Citigroup reduced their price target on GFL Environmental from $56.00 to $53.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $52.13.

About GFL Environmental

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.