441,369 Shares in GFL Environmental Inc. (NYSE:GFL) Bought by Compound Global Advisors LLC

Compound Global Advisors LLC acquired a new stake in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 441,369 shares of the company's stock, valued at approximately $15,232,000. GFL Environmental comprises about 2.8% of Compound Global Advisors LLC's portfolio, making the stock its 16th biggest holding. Compound Global Advisors LLC owned approximately 0.12% of GFL Environmental at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in GFL. Nordea Investment Management AB lifted its position in shares of GFL Environmental by 16.6% during the fourth quarter. Nordea Investment Management AB now owns 7,384,983 shares of the company's stock worth $256,259,000 after purchasing an additional 1,053,530 shares during the last quarter. Sei Investments Co. grew its position in shares of GFL Environmental by 59.6% in the 3rd quarter. Sei Investments Co. now owns 619,481 shares of the company's stock worth $19,675,000 after acquiring an additional 231,264 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of GFL Environmental by 13.9% in the 3rd quarter. Stifel Financial Corp now owns 68,430 shares of the company's stock valued at $2,173,000 after acquiring an additional 8,365 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of GFL Environmental by 55.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 12,543,970 shares of the company's stock valued at $398,396,000 after acquiring an additional 4,490,164 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its position in shares of GFL Environmental by 19.6% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,358,000 shares of the company's stock valued at $52,791,000 after acquiring an additional 222,678 shares in the last quarter. 64.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. TheStreet upgraded shares of GFL Environmental from a "d+" rating to a "c" rating in a research note on Tuesday, February 20th. BMO Capital Markets boosted their price objective on shares of GFL Environmental from $40.00 to $42.00 and gave the company an "outperform" rating in a research report on Thursday, February 22nd. Jefferies Financial Group increased their price objective on shares of GFL Environmental from $46.00 to $51.00 and gave the stock a "buy" rating in a research note on Monday, March 18th. Bank of America downgraded GFL Environmental from a "buy" rating to a "neutral" rating and set a $35.00 target price for the company. in a research note on Friday, January 19th. Finally, Wells Fargo & Company increased their price target on GFL Environmental from $30.00 to $34.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 6th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.58.

GFL Environmental Stock Performance

GFL stock traded up $0.69 during trading on Friday, reaching $34.36. 1,096,971 shares of the company's stock were exchanged, compared to its average volume of 1,198,975. GFL Environmental Inc. has a 1-year low of $26.87 and a 1-year high of $39.06. The firm has a market cap of $12.75 billion, a PE ratio of -343.60 and a beta of 1.13. The company's fifty day moving average price is $35.03 and its 200-day moving average price is $32.57. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.25.

GFL Environmental (NYSE:GFL - Get Free Report) last issued its quarterly earnings data on Tuesday, February 20th. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.14). The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.37 billion. GFL Environmental had a net margin of 0.64% and a return on equity of 4.96%. On average, research analysts expect that GFL Environmental Inc. will post 0.82 EPS for the current fiscal year.

GFL Environmental Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be issued a $0.014 dividend. The ex-dividend date is Friday, April 12th. This is a boost from GFL Environmental's previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a dividend yield of 0.16%. GFL Environmental's dividend payout ratio (DPR) is -50.00%.

GFL Environmental 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.

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