29,400 Shares in GFL Environmental Inc. (NYSE:GFL) Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC purchased a new stake in GFL Environmental Inc. (NYSE:GFL) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 29,400 shares of the company’s stock, valued at approximately $1,309,000.

Several other institutional investors have also recently made changes to their positions in GFL. Blue Trust Inc. raised 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 in the last quarter. Berbice Capital Management LLC acquired a new stake in GFL Environmental in the 4th quarter valued at about $27,000. Natixis bought a new position in GFL Environmental during the fourth quarter worth about $49,000. SRH Advisors LLC acquired a new position in GFL Environmental during the fourth quarter worth approximately $89,000. Finally, Steward Partners Investment Advisory LLC lifted its position in shares of GFL Environmental by 350.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,400 shares of the company’s stock valued at $107,000 after buying an additional 1,867 shares during the last quarter. Institutional investors and hedge funds own 64.70% of the company’s stock.

GFL Environmental Stock Down 0.2 %

Shares of GFL opened at $49.81 on Friday. The firm has a 50 day simple moving average of $47.21 and a two-hundred day simple moving average of $45.27. The company has a market cap of $19.59 billion, a P/E ratio of -37.45 and a beta of 1.09. GFL Environmental Inc. has a one year low of $30.57 and a one year high of $50.09. 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 (NYSE:GFL) last released its quarterly earnings data on Wednesday, April 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.10). GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.52 billion. The company’s revenue for the quarter was down 13.4% on a year-over-year basis. Research analysts forecast that GFL Environmental Inc. will post 0.58 EPS for the current fiscal year.

GFL Environmental Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, April 14th were issued a $0.0154 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.12%. This is a positive change from GFL Environmental’s previous quarterly dividend of $0.01. GFL Environmental’s dividend payout ratio (DPR) is -3.87%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GFL. UBS Group increased their price target on GFL Environmental from $50.00 to $57.00 and gave the company a “buy” rating in a research note on Friday, April 4th. National Bankshares reissued an “outperform” rating on shares of GFL Environmental in a research report on Tuesday, March 11th. Truist Financial raised their price target on shares of GFL Environmental from $54.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, April 2nd. Scotiabank boosted their price objective on shares of GFL Environmental from $52.00 to $54.00 and gave the company an “outperform” rating in a report on Tuesday, April 8th. Finally, Citigroup lowered their target price on shares of GFL Environmental from $56.00 to $53.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $52.00.

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.