65,014 Shares in GFL Environmental Inc. (NYSE:GFL) Purchased by EAM Global Investors LLC

EAM Global Investors LLC acquired a new position in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 65,014 shares of the company's stock, valued at approximately $2,897,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in GFL. Blue Trust Inc. boosted its stake in GFL Environmental by 124.9% in the fourth quarter. Blue Trust Inc. now owns 551 shares of the company's stock valued at $25,000 after acquiring an additional 306 shares during the period. Berbice Capital Management LLC acquired a new stake in shares of GFL Environmental in the 4th quarter valued at $27,000. SRH Advisors LLC bought a new stake in GFL Environmental during the fourth quarter worth approximately $89,000. Steward Partners Investment Advisory LLC lifted its position in shares of 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 purchasing an additional 1,867 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its position in shares of GFL Environmental by 6,717.9% during the fourth quarter. Venturi Wealth Management LLC now owns 2,659 shares of the company's stock valued at $118,000 after buying an additional 2,620 shares during the last quarter. Hedge funds and other institutional investors own 64.70% of the company's stock.

GFL Environmental Stock Performance

NYSE:GFL traded down $1.12 during trading hours on Monday, reaching $47.31. The company had a trading volume of 297,428 shares, compared to its average volume of 1,464,841. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.27. GFL Environmental Inc. has a 52 week low of $30.57 and a 52 week high of $49.72. The firm has a market cap of $18.61 billion, a price-to-earnings ratio of -35.57 and a beta of 1.09. The firm's 50 day moving average price is $46.76 and its 200-day moving average price is $44.82.

GFL Environmental (NYSE:GFL - Get Free Report) last announced its earnings results on Monday, February 24th. The company reported $0.16 earnings per share (EPS) 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 firm had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $1.98 billion. On average, analysts forecast that GFL Environmental Inc. will post 0.58 EPS for the current year.

GFL Environmental Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 14th will be paid a $0.0154 dividend. This is a boost from GFL Environmental's previous quarterly dividend of $0.01. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.13%. GFL Environmental's payout ratio is presently -3.87%.

Analyst Ratings Changes

GFL has been the subject of a number of recent analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and set a $53.00 price target on shares of GFL Environmental in a report on Monday, February 24th. Stifel Nicolaus upgraded shares of GFL Environmental from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. Raymond James set a $56.00 target price on shares of GFL Environmental and gave the stock an "outperform" rating in a report on Wednesday. Citigroup reduced their price objective on GFL Environmental from $56.00 to $53.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, National Bankshares reiterated an "outperform" rating on shares of GFL Environmental in a research report on Tuesday, March 11th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $52.00.

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.