376,469 Shares in GFL Environmental Inc. (NYSE:GFL) Bought by Verde Servicos Internacionais S.A.

Verde Servicos Internacionais S.A. bought a new position in GFL Environmental Inc. (NYSE:GFL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 376,469 shares of the company's stock, valued at approximately $12,992,000. GFL Environmental makes up about 5.2% of Verde Servicos Internacionais S.A.'s holdings, making the stock its 7th largest holding. Verde Servicos Internacionais S.A. owned about 0.10% of GFL Environmental at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Nordea Investment Management AB boosted its position in GFL Environmental by 16.6% in the 4th quarter. Nordea Investment Management AB now owns 7,384,983 shares of the company's stock valued at $256,259,000 after buying an additional 1,053,530 shares during the last quarter. Compound Global Advisors LLC acquired a new stake in shares of GFL Environmental in the 4th quarter valued at about $15,232,000. Barton Investment Management grew its holdings in shares of GFL Environmental by 13.6% in the 4th quarter. Barton Investment Management now owns 391,949 shares of the company's stock valued at $13,526,000 after acquiring an additional 46,999 shares in the last quarter. Sei Investments Co. grew its holdings 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 valued at $19,675,000 after acquiring an additional 231,264 shares in the last quarter. Finally, Stifel Financial Corp grew 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 in the last quarter. 64.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GFL has been the subject of a number of research analyst reports. Bank of America cut GFL Environmental from a "buy" rating to a "neutral" rating and set a $35.00 price target for the company. in a report on Friday, January 19th. Wells Fargo & Company boosted 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. TheStreet raised 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 stock an "outperform" rating in a research note on Thursday, February 22nd. Finally, Royal Bank of Canada started coverage on shares of GFL Environmental in a research note on Monday, April 8th. They issued an "outperform" rating and a $46.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.83.

GFL Environmental Trading Up 0.4 %

Shares of GFL stock traded up $0.13 during mid-day trading on Friday, reaching $33.15. The stock had a trading volume of 827,027 shares, compared to its average volume of 878,385. GFL Environmental Inc. has a 52-week low of $26.87 and a 52-week high of $39.06. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.25. The stock's 50-day moving average price is $34.86 and its two-hundred day moving average price is $32.68. The firm has a market capitalization of $12.30 billion, a PE ratio of -331.50 and a beta of 1.13.

GFL Environmental (NYSE:GFL - Get Free Report) last announced 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 business had revenue of $1.38 billion during the quarter, compared to analysts' expectations of $1.37 billion. GFL Environmental had a return on equity of 4.96% and a net margin of 0.64%. Equities analysts expect that GFL Environmental Inc. will post 0.82 earnings per share for the current fiscal year.

GFL Environmental Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be paid a $0.014 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.17%. The ex-dividend date is Friday, April 12th. This is an increase from GFL Environmental's previous quarterly dividend of $0.01. GFL Environmental's dividend payout ratio is currently -60.00%.

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.