Schonfeld Strategic Advisors LLC Sells 154,161 Shares of GFL Environmental Inc. (NYSE:GFL)

Schonfeld Strategic Advisors LLC reduced its position in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 96.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,700 shares of the company's stock after selling 154,161 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in GFL Environmental were worth $254,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GFL. Blue Trust Inc. boosted its position in GFL Environmental by 124.9% during the 4th quarter. Blue Trust Inc. now owns 551 shares of the company's stock worth $25,000 after acquiring an additional 306 shares during the last quarter. Berbice Capital Management LLC acquired a new position in GFL Environmental during the 4th quarter worth approximately $27,000. Natixis acquired a new position in GFL Environmental during the 4th quarter worth approximately $49,000. SRH Advisors LLC acquired a new position in GFL Environmental during the 4th quarter worth approximately $89,000. Finally, Steward Partners Investment Advisory LLC boosted its position in GFL Environmental by 350.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,400 shares of the company's stock worth $107,000 after acquiring an additional 1,867 shares during the last quarter. 64.70% of the stock is owned by institutional investors.

GFL Environmental Stock Performance

GFL traded up $0.35 during trading hours on Friday, reaching $49.38. The company's stock had a trading volume of 1,741,926 shares, compared to its average volume of 1,504,284. GFL Environmental Inc. has a 52 week low of $30.57 and a 52 week high of $52.00. The company's 50-day moving average is $48.09 and its 200-day moving average is $45.93. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a market cap of $19.42 billion, a PE ratio of -37.12 and a beta of 1.08.

GFL Environmental (NYSE:GFL - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.10). GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.52 billion. The business's revenue was down 13.4% on a year-over-year basis. On average, equities analysts forecast that GFL Environmental Inc. will post 0.58 EPS for the current year.

GFL Environmental Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, April 14th were paid a $0.0154 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.12%. This is a boost from GFL Environmental's previous quarterly dividend of $0.01. GFL Environmental's dividend payout ratio is 1.23%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Royal Bank of Canada upped their price target on GFL Environmental from $53.00 to $56.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Truist Financial upped their price target on GFL Environmental from $54.00 to $58.00 and gave the stock a "buy" rating in a research report on Wednesday, April 2nd. Seaport Res Ptn raised GFL Environmental to a "strong-buy" rating in a report on Tuesday, May 6th. National Bankshares reissued an "outperform" rating on shares of GFL Environmental in a report on Tuesday, March 11th. Finally, UBS Group increased their price objective on GFL Environmental from $50.00 to $57.00 and gave the company a "buy" rating in a report on Friday, April 4th. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price 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.