Polar Asset Management Partners Inc. Has $5.34 Million Stock Position in GFL Environmental Inc. (NYSE:GFL)

Polar Asset Management Partners Inc. grew its position in GFL Environmental Inc. (NYSE:GFL - Free Report) by 241.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 119,951 shares of the company's stock after purchasing an additional 84,851 shares during the quarter. Polar Asset Management Partners Inc.'s holdings in GFL Environmental were worth $5,344,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of GFL. Erste Asset Management GmbH increased its position in GFL Environmental by 2.0% during the fourth quarter. Erste Asset Management GmbH now owns 13,371 shares of the company's stock worth $597,000 after acquiring an additional 261 shares during the period. Metis Global Partners LLC increased its position in GFL Environmental by 5.4% during the fourth quarter. Metis Global Partners LLC now owns 5,790 shares of the company's stock worth $258,000 after acquiring an additional 298 shares during the period. Blue Trust Inc. increased its position in GFL Environmental by 124.9% during the fourth quarter. Blue Trust Inc. now owns 551 shares of the company's stock worth $25,000 after acquiring an additional 306 shares during the period. US Bancorp DE increased its position in GFL Environmental by 12.5% during the fourth quarter. US Bancorp DE now owns 2,890 shares of the company's stock worth $129,000 after acquiring an additional 321 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its position in GFL Environmental by 1.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 31,503 shares of the company's stock worth $1,403,000 after acquiring an additional 351 shares during the period. Institutional investors own 64.70% of the company's stock.

Analysts Set New Price Targets

GFL has been the topic of a number of research reports. Scotiabank reaffirmed an "outperform" rating on shares of GFL Environmental in a research report on Monday, May 5th. UBS Group boosted their price target on shares of GFL Environmental from $50.00 to $57.00 and gave the company a "buy" rating in a report on Friday, April 4th. National Bankshares reissued an "outperform" rating on shares of GFL Environmental in a report on Tuesday, March 11th. Stifel Nicolaus raised shares of GFL Environmental from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. Finally, Raymond James reissued an "outperform" rating and issued a $57.00 price target (up previously from $56.00) on shares of GFL Environmental in a report on Friday, May 2nd. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $54.57.

GFL Environmental Price Performance

Shares of GFL traded down $0.34 during trading hours on Wednesday, hitting $49.62. The stock had a trading volume of 366,257 shares, compared to its average volume of 1,960,915. The company's fifty day moving average is $48.25 and its two-hundred day moving average is $46.07. 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 52 week low of $30.57 and a 52 week high of $52.00. The stock has a market capitalization of $19.52 billion, a price-to-earnings ratio of -37.32 and a beta of 1.08.

GFL Environmental (NYSE:GFL - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.10). The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.52 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. The firm's revenue for the quarter was down 13.4% on a year-over-year basis. On average, analysts anticipate that GFL Environmental Inc. will post 0.58 EPS 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 given a dividend of $0.0154 per share. This is an increase from GFL Environmental's previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a yield of 0.12%. GFL Environmental's dividend payout ratio is 1.23%.

GFL Environmental Company 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.