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

Millennium Management LLC lessened its stake in GFL Environmental Inc. (NYSE:GFL - Free Report) by 50.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,794,132 shares of the company's stock after selling 1,824,587 shares during the quarter. Millennium Management LLC owned 0.46% of GFL Environmental worth $79,911,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Blue Trust Inc. raised its holdings in GFL Environmental by 124.9% in the fourth quarter. Blue Trust Inc. now owns 551 shares of the company's stock valued at $25,000 after acquiring an additional 306 shares in the last quarter. Berbice Capital Management LLC acquired a new stake in shares of GFL Environmental in the 4th quarter valued at $27,000. Natixis acquired a new stake in shares of GFL Environmental in the 4th quarter valued at $49,000. SRH Advisors LLC purchased a new stake in shares of GFL Environmental during the 4th quarter worth $89,000. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of GFL Environmental by 350.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,400 shares of the company's stock worth $107,000 after purchasing an additional 1,867 shares in the last quarter. 64.70% of the stock is owned by institutional investors and hedge funds.

GFL Environmental Stock Performance

Shares of GFL traded up $0.35 during mid-day trading on Friday, reaching $49.38. 1,741,926 shares of the company's stock were exchanged, compared to its average volume of 1,507,164. The business's fifty day simple moving average is $48.09 and its 200-day simple moving average is $45.96. The stock has a market capitalization of $19.42 billion, a PE ratio of -37.12 and a beta of 1.08. GFL Environmental Inc. has a 52-week low of $30.57 and a 52-week high of $52.00. 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 (NYSE:GFL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported ($0.06) earnings per share (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 quarterly revenue was down 13.4% on a year-over-year basis. On average, equities research analysts expect that GFL Environmental Inc. will post 0.58 earnings per share for the current year.

GFL Environmental Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, April 14th were issued a dividend of $0.0154 per share. This represents a $0.06 dividend on an annualized basis 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 currently 1.23%.

Analysts Set New Price Targets

GFL has been the topic of a number of analyst reports. Scotiabank restated an "outperform" rating on shares of GFL Environmental in a research note on Monday, May 5th. UBS Group raised their target price on GFL Environmental from $50.00 to $57.00 and gave the stock a "buy" rating in a research report on Friday, April 4th. Raymond James reaffirmed an "outperform" rating and issued a $57.00 price target (up from $56.00) on shares of GFL Environmental in a report on Friday, May 2nd. Citigroup raised 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, May 13th. Finally, Truist Financial upped their target price on shares of GFL Environmental from $54.00 to $58.00 and gave the company a "buy" rating in a report on Wednesday, April 2nd. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $54.57.

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.