Barton Investment Management Buys 46,999 Shares of GFL Environmental Inc. (NYSE:GFL)

Barton Investment Management increased its stake in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 13.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 391,949 shares of the company's stock after acquiring an additional 46,999 shares during the period. GFL Environmental comprises about 1.8% of Barton Investment Management's portfolio, making the stock its 12th largest position. Barton Investment Management owned about 0.11% of GFL Environmental worth $13,526,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in GFL. First Horizon Advisors Inc. raised its holdings in shares of GFL Environmental by 664.7% during the first quarter. First Horizon Advisors Inc. now owns 1,063 shares of the company's stock worth $37,000 after acquiring an additional 924 shares during the period. PNC Financial Services Group Inc. increased its stake in GFL Environmental by 70.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,060 shares of the company's stock valued at $41,000 after buying an additional 437 shares during the last quarter. Money Concepts Capital Corp acquired a new stake in GFL Environmental in the 4th quarter valued at $41,000. 1832 Asset Management L.P. increased its stake in GFL Environmental by 1,570.6% in the 1st quarter. 1832 Asset Management L.P. now owns 1,821 shares of the company's stock valued at $63,000 after buying an additional 1,712 shares during the last quarter. Finally, BNP Paribas Arbitrage SNC acquired a new stake in GFL Environmental in the 3rd quarter valued at $70,000. 64.70% of the stock is currently owned by institutional investors and hedge funds.

GFL Environmental Stock Performance

Shares of GFL stock traded up $0.68 during midday trading on Friday, hitting $34.35. 1,090,605 shares of the company were exchanged, compared to its average volume of 1,110,560. The firm has a market capitalization of $12.75 billion, a P/E ratio of -343.50 and a beta of 1.13. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.82 and a current ratio of 0.82. The firm's 50 day moving average price is $35.05 and its two-hundred day moving average price is $32.56. GFL Environmental Inc. has a 52 week low of $26.87 and a 52 week high of $39.06.

GFL Environmental (NYSE:GFL - Get Free Report) last announced its earnings results on Tuesday, February 20th. The company reported $0.04 EPS for the quarter, missing the consensus estimate 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 return on equity of 4.96% and a net margin of 0.64%. As a group, equities research analysts anticipate that GFL Environmental Inc. will post 0.82 earnings per share for the current year.

GFL Environmental Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be issued a dividend of $0.014 per share. This is an increase from GFL Environmental's previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.06 annualized dividend and a dividend yield of 0.16%. GFL Environmental's payout ratio is presently -50.00%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Jefferies Financial Group lifted their price target on shares of GFL Environmental from $46.00 to $51.00 and gave the company a "buy" rating in a research note on Monday, March 18th. Bank of America lowered shares of GFL Environmental from a "buy" rating to a "neutral" rating and set a $35.00 price target on the stock. in a research note on Friday, January 19th. UBS Group assumed coverage on shares of GFL Environmental in a research note on Wednesday, January 31st. They issued a "buy" rating and a $44.00 price target on the stock. Wells Fargo & Company lifted their price objective on shares of GFL Environmental from $30.00 to $34.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 6th. Finally, BMO Capital Markets lifted 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. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $42.58.

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.