Boussard & Gavaudan Investment Management LLP Invests $2.58 Million in GFL Environmental Inc. (NYSE:GFL)

Boussard & Gavaudan Investment Management LLP bought a new position in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 64,838 shares of the company's stock, valued at approximately $2,584,000.

Several other institutional investors also recently made changes to their positions in the stock. FMR LLC boosted 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 buying an additional 1,728,598 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of GFL Environmental by 2.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 11,817,626 shares of the company's stock worth $471,287,000 after buying an additional 257,486 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of GFL Environmental by 9.4% in the 1st quarter. Vanguard Group Inc. now owns 7,914,590 shares of the company's stock worth $273,053,000 after buying an additional 683,120 shares in the last quarter. Fred Alger Management LLC boosted its position in shares of GFL Environmental by 7.1% in the 2nd quarter. Fred Alger Management LLC now owns 6,221,767 shares of the company's stock worth $242,213,000 after buying an additional 411,128 shares in the last quarter. Finally, Millennium Management LLC boosted its position in shares of GFL Environmental by 40.0% in the 2nd quarter. Millennium Management LLC now owns 5,649,169 shares of the company's stock worth $219,922,000 after buying an additional 1,614,182 shares in the last quarter. 64.70% of the stock is currently owned by hedge funds and other institutional investors.

GFL Environmental Trading Down 0.8 %

Shares of NYSE GFL traded down $0.36 on Thursday, reaching $46.26. 674,987 shares of the company traded hands, compared to its average volume of 1,214,340. GFL Environmental Inc. has a fifty-two week low of $26.87 and a fifty-two week high of $47.11. The company has a 50 day moving average of $42.05 and a 200 day moving average of $39.54. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $18.20 billion, a PE ratio of -34.77 and a beta of 1.15.

GFL Environmental (NYSE:GFL - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.01. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. On average, equities research analysts forecast that GFL Environmental Inc. will post 0.59 earnings per share for the current fiscal year.

GFL Environmental Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th were paid 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 of this dividend was Wednesday, October 16th. GFL Environmental's dividend payout ratio is currently -3.76%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Truist Financial boosted their price objective on shares of GFL Environmental from $46.00 to $54.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Royal Bank of Canada boosted their price objective on shares of GFL Environmental from $46.00 to $48.00 and gave the stock an "outperform" rating in a research report on Friday, August 2nd. UBS Group boosted their price objective on shares of GFL Environmental from $47.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Scotiabank boosted their target price on shares of GFL Environmental from $50.00 to $51.00 and gave the company a "sector outperform" rating in a research note on Friday, November 8th. Finally, Raymond James boosted their target price on shares of GFL Environmental from $47.00 to $50.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, GFL Environmental has a consensus rating of "Moderate Buy" and a consensus price target of $45.80.

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.