PDT Partners LLC Sells 36,781 Shares of GFL Environmental Inc. (NYSE:GFL)

PDT Partners LLC lessened its position in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 46.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,597 shares of the company's stock after selling 36,781 shares during the period. PDT Partners LLC's holdings in GFL Environmental were worth $1,699,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. FMR LLC lifted its holdings in 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 buying an additional 1,728,598 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of GFL Environmental by 2.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 11,817,626 shares of the company's stock worth $471,287,000 after purchasing an additional 257,486 shares during the period. Fred Alger Management LLC raised its position 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 purchasing an additional 3,999,363 shares during the period. Millennium Management LLC raised its position in shares of GFL Environmental by 40.0% during the 2nd quarter. Millennium Management LLC now owns 5,649,169 shares of the company's stock worth $219,922,000 after purchasing an additional 1,614,182 shares during the period. Finally, Maverick Capital Ltd. raised its position in shares of GFL Environmental by 22.1% during the 2nd quarter. Maverick Capital Ltd. now owns 3,285,656 shares of the company's stock worth $127,911,000 after purchasing an additional 595,259 shares during the period. Institutional investors own 64.70% of the company's stock.

GFL Environmental Stock Performance

GFL stock traded up $0.84 during trading on Friday, reaching $47.10. 544,076 shares of the stock were exchanged, compared to its average volume of 1,154,800. GFL Environmental Inc. has a twelve month low of $27.64 and a twelve month high of $47.16. The company has a market capitalization of $18.53 billion, a P/E ratio of -35.41 and a beta of 1.15. The stock has a 50 day simple moving average of $42.34 and a 200-day simple moving average of $39.81. 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 (NYSE:GFL - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported $0.24 earnings per share 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 business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.49 billion. As a group, sell-side analysts anticipate that GFL Environmental Inc. will post 0.59 earnings per share for the current year.

GFL Environmental Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th were issued 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 payout ratio is -4.51%.

Analyst Ratings Changes

A number of analysts have recently weighed in on GFL shares. Truist Financial increased their price target on GFL Environmental from $46.00 to $54.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Scotiabank increased their price target on GFL Environmental from $50.00 to $51.00 and gave the stock a "sector outperform" rating in a research report on Friday, November 8th. UBS Group increased their price target on GFL Environmental from $47.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Finally, Raymond James increased their price target on GFL Environmental from $47.00 to $50.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average 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.