Soros Fund Management LLC Has $125.87 Million Stock Holdings in GFL Environmental Inc. (NYSE:GFL)

Soros Fund Management LLC increased its stake in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 487.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,156,327 shares of the company's stock after acquiring an additional 2,618,589 shares during the period. GFL Environmental comprises approximately 1.8% of Soros Fund Management LLC's investment portfolio, making the stock its 11th largest holding. Soros Fund Management LLC owned 0.84% of GFL Environmental worth $125,874,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of GFL. FMR LLC increased its stake in shares of GFL Environmental by 7.4% during 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 last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of GFL Environmental by 2.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 11,817,626 shares of the company's stock valued at $471,287,000 after buying an additional 257,486 shares during the last quarter. Fred Alger Management LLC boosted its stake in shares of GFL Environmental by 64.3% during the 3rd quarter. Fred Alger Management LLC now owns 10,221,130 shares of the company's stock worth $407,619,000 after acquiring an additional 3,999,363 shares during the period. Millennium Management LLC raised its stake in GFL Environmental by 40.0% in the 2nd quarter. Millennium Management LLC now owns 5,649,169 shares of the company's stock valued at $219,922,000 after acquiring an additional 1,614,182 shares during the period. Finally, Maverick Capital Ltd. lifted its holdings in GFL Environmental by 11.3% during the 3rd quarter. Maverick Capital Ltd. now owns 3,658,190 shares of the company's stock valued at $145,889,000 after purchasing an additional 372,534 shares during the last quarter. 64.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on GFL. Raymond James upped their price objective on shares of GFL Environmental from $47.00 to $50.00 and gave the company an "outperform" rating in a report on Friday, November 8th. UBS Group raised 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 upped their target price on GFL Environmental from $50.00 to $51.00 and gave the company a "sector outperform" rating in a research report on Friday, November 8th. Finally, Truist Financial lifted their price target on GFL Environmental from $46.00 to $54.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $45.80.

GFL Environmental Price Performance

NYSE:GFL traded up $0.76 during mid-day trading on Friday, reaching $47.12. The stock had a trading volume of 822,271 shares, compared to its average volume of 1,202,118. GFL Environmental Inc. has a 12 month low of $28.21 and a 12 month high of $48.87. The stock has a market capitalization of $18.54 billion, a PE ratio of -34.86 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. The stock has a 50-day simple moving average of $42.89 and a two-hundred day simple moving average of $40.11.

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

GFL Environmental Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Wednesday, October 16th were given a dividend of $0.014 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date of this dividend was Wednesday, October 16th. GFL Environmental's dividend payout ratio is -4.51%.

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.