EAM Investors LLC Takes Position in GFL Environmental Inc. (NYSE:GFL)

EAM Investors LLC purchased a new stake in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 27,267 shares of the company's stock, valued at approximately $1,215,000.

A number of other hedge funds have also modified their holdings of GFL. Blue Trust Inc. lifted its stake in shares of GFL Environmental by 124.9% during the 4th quarter. Blue Trust Inc. now owns 551 shares of the company's stock valued at $25,000 after buying an additional 306 shares in the last quarter. Berbice Capital Management LLC bought a new position in shares of GFL Environmental in the fourth quarter worth about $27,000. SRH Advisors LLC purchased a new stake in shares of GFL Environmental during the fourth quarter worth about $89,000. Steward Partners Investment Advisory LLC raised its stake 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 valued at $107,000 after purchasing an additional 1,867 shares during the period. Finally, Venturi Wealth Management LLC lifted its holdings in GFL Environmental by 6,717.9% in the 4th quarter. Venturi Wealth Management LLC now owns 2,659 shares of the company's stock worth $118,000 after purchasing an additional 2,620 shares in the last quarter. 64.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on GFL shares. Stifel Nicolaus upgraded shares of GFL Environmental from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. Citigroup dropped their price objective on shares of GFL Environmental from $56.00 to $53.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. National Bankshares reiterated an "outperform" rating on shares of GFL Environmental in a research report on Tuesday, March 11th. Royal Bank of Canada restated an "outperform" rating and set a $53.00 price target on shares of GFL Environmental in a report on Monday, February 24th. Finally, Scotiabank upped their price objective on GFL Environmental from $52.00 to $54.00 and gave the stock an "outperform" rating in a report on Tuesday, April 8th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $52.00.

GFL Environmental Trading Up 1.3 %

NYSE:GFL traded up $0.62 during mid-day trading on Tuesday, hitting $47.67. 407,324 shares of the stock traded hands, compared to its average volume of 2,028,947. The company has a quick ratio of 0.58, a current 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 $49.45. The stock has a market capitalization of $18.75 billion, a price-to-earnings ratio of -35.84 and a beta of 1.09. The firm's 50 day moving average is $46.78 and its two-hundred day moving average is $44.87.

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

GFL Environmental Increases Dividend

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

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.