GFL Environmental Inc. (NYSE:GFL) Shares Purchased by Hood River Capital Management LLC

Hood River Capital Management LLC increased its stake in GFL Environmental Inc. (NYSE:GFL - Free Report) by 10.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 453,907 shares of the company's stock after buying an additional 44,248 shares during the quarter. Hood River Capital Management LLC owned about 0.12% of GFL Environmental worth $20,217,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of GFL. Price T Rowe Associates Inc. MD purchased a new position in GFL Environmental in the 4th quarter worth approximately $5,840,000. Hsbc Holdings PLC lifted its position in shares of GFL Environmental by 31.0% during the fourth quarter. Hsbc Holdings PLC now owns 57,407 shares of the company's stock worth $2,556,000 after purchasing an additional 13,575 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of GFL Environmental by 4.7% in the fourth quarter. Stifel Financial Corp now owns 90,730 shares of the company's stock valued at $4,041,000 after purchasing an additional 4,086 shares during the period. OneDigital Investment Advisors LLC acquired a new stake in GFL Environmental during the 4th quarter valued at $750,000. Finally, TD Waterhouse Canada Inc. grew its holdings in GFL Environmental by 12.3% during the 4th quarter. TD Waterhouse Canada Inc. now owns 56,617 shares of the company's stock valued at $2,478,000 after purchasing an additional 6,209 shares in the last quarter. 64.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GFL has been the topic of several recent analyst reports. National Bankshares reiterated an "outperform" rating on shares of GFL Environmental in a research note on Tuesday, March 11th. Citigroup cut their target price on GFL Environmental from $56.00 to $53.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. 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. Raymond James set a $56.00 price target on shares of GFL Environmental and gave the stock an "outperform" rating in a research note on Wednesday, April 16th. Finally, Scotiabank increased their price objective on shares of GFL Environmental from $52.00 to $54.00 and gave the company an "outperform" rating in a research note on Tuesday, April 8th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $52.00.

GFL Environmental Stock Performance

Shares of NYSE:GFL traded up $0.16 during trading hours on Friday, hitting $48.97. The stock had a trading volume of 1,092,661 shares, compared to its average volume of 1,472,456. The stock's fifty day simple moving average is $46.96 and its 200 day simple moving average is $45.03. The firm has a market capitalization of $19.26 billion, a price-to-earnings ratio of -36.82 and a beta of 1.09. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.58 and a current ratio of 0.58. GFL Environmental Inc. has a 1-year low of $30.57 and a 1-year high of $49.45.

GFL Environmental (NYSE:GFL - Get Free Report) last announced its 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 positive return on equity of 3.50% and a negative net margin of 7.54%. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.98 billion. Sell-side analysts anticipate that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 14th will be given a dividend of $0.0154 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.13%. This is an increase from GFL Environmental's previous quarterly dividend of $0.01. GFL Environmental's payout ratio is -3.87%.

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.