Boussard & Gavaudan Investment Management LLP Sells 8,753 Shares of GFL Environmental Inc. (NYSE:GFL)

Boussard & Gavaudan Investment Management LLP decreased its position in GFL Environmental Inc. (NYSE:GFL - Free Report) by 13.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,085 shares of the company's stock after selling 8,753 shares during the quarter. Boussard & Gavaudan Investment Management LLP's holdings in GFL Environmental were worth $2,487,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Cerity Partners LLC lifted its stake in GFL Environmental by 88.5% in the third quarter. Cerity Partners LLC now owns 21,148 shares of the company's stock worth $843,000 after acquiring an additional 9,930 shares during the period. Bank of Montreal Can raised its holdings in GFL Environmental by 35.6% in the 3rd quarter. Bank of Montreal Can now owns 1,190,903 shares of the company's stock worth $46,769,000 after purchasing an additional 312,472 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in GFL Environmental by 0.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 621,387 shares of the company's stock worth $24,804,000 after purchasing an additional 2,529 shares in the last quarter. FMR LLC lifted its position in shares of GFL Environmental by 7.4% in the 3rd quarter. FMR LLC now owns 25,158,657 shares of the company's stock worth $1,003,591,000 after purchasing an additional 1,728,598 shares during the period. Finally, Quantbot Technologies LP bought a new stake in shares of GFL Environmental during the 3rd quarter valued at about $2,807,000. 64.70% of the stock is owned by institutional investors.

Remove Ads

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on GFL shares. Scotiabank increased their price target on shares of GFL Environmental from $50.00 to $52.00 and gave the stock a "sector outperform" rating in a research note on Wednesday, March 5th. Citigroup initiated coverage on GFL Environmental in a research report on Monday, January 27th. They issued a "buy" rating and a $53.00 target price for the company. National Bankshares restated an "outperform" rating on shares of GFL Environmental in a research report on Tuesday, March 11th. Royal Bank of Canada reiterated an "outperform" rating and issued a $53.00 price objective on shares of GFL Environmental in a report on Monday, February 24th. Finally, Stifel Nicolaus raised shares of GFL Environmental from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $49.63.

GFL Environmental Stock Down 0.1 %

GFL stock traded down $0.07 during trading on Tuesday, hitting $48.24. 369,678 shares of the stock traded hands, compared to its average volume of 1,945,629. The stock has a market cap of $18.98 billion, a price-to-earnings ratio of -36.25 and a beta of 1.16. 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 1 year low of $30.57 and a 1 year high of $49.35. The firm's 50 day moving average is $45.73 and its two-hundred day moving average is $44.02.

GFL Environmental (NYSE:GFL - Get Free Report) last announced its quarterly earnings results on Monday, February 24th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.98 billion. On average, sell-side analysts anticipate that GFL Environmental Inc. will post 0.58 EPS for the current year.

GFL Environmental Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 13th were issued a dividend of $0.014 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date was Monday, January 13th. GFL Environmental's payout ratio is currently -3.23%.

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.