GFL Environmental Inc. (NYSE:GFL) Short Interest Update

GFL Environmental Inc. (NYSE:GFL - Get Free Report) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 11,390,000 shares, an increase of 36.1% from the March 15th total of 8,370,000 shares. Currently, 4.4% of the company's shares are sold short. Based on an average daily trading volume, of 2,150,000 shares, the days-to-cover ratio is presently 5.3 days.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. National Bankshares restated an "outperform" rating on shares of GFL Environmental in a report on Tuesday, March 11th. UBS Group upped their price objective on shares of GFL Environmental from $50.00 to $57.00 and gave the stock a "buy" rating in a report on Friday, April 4th. Citigroup cut their target price on shares of GFL Environmental from $56.00 to $53.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Truist Financial boosted their price target on shares of GFL Environmental from $54.00 to $58.00 and gave the company a "buy" rating in a research report on Wednesday, April 2nd. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $53.00 price objective on shares of GFL Environmental in a report on Monday, February 24th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $52.00.

Institutional Investors Weigh In On GFL Environmental

Several institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank purchased a new position in GFL Environmental during the fourth quarter valued at $126,420,000. Capital Research Global Investors grew its position in shares of GFL Environmental by 11.4% during the fourth quarter. Capital Research Global Investors now owns 26,973,784 shares of the company's stock valued at $1,201,406,000 after purchasing an additional 2,751,618 shares in the last quarter. FMR LLC grew its position in shares of GFL Environmental by 10.0% during the fourth quarter. FMR LLC now owns 27,664,678 shares of the company's stock valued at $1,233,223,000 after purchasing an additional 2,506,021 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of GFL Environmental in the fourth quarter worth about $93,343,000. Finally, Cohen & Steers Inc. purchased a new stake in shares of GFL Environmental in the fourth quarter worth about $51,505,000. Institutional investors own 64.70% of the company's stock.

GFL Environmental Stock Down 0.1 %

GFL stock traded down $0.06 on Friday, reaching $48.49. 1,192,629 shares of the company traded hands, compared to its average volume of 1,469,435. The firm has a fifty day simple moving average of $46.76 and a 200-day simple moving average of $44.79. The company has a market cap of $19.07 billion, a P/E ratio of -36.46 and a beta of 1.09. GFL Environmental has a one year low of $30.57 and a one year high of $49.45. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.58 and a quick ratio of 0.58.

GFL Environmental (NYSE:GFL - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate 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 positive return on equity of 3.50% and a negative net margin of 7.54%. Research analysts anticipate that GFL Environmental will post 0.58 earnings per share for the current year.

GFL Environmental Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 14th will be issued a dividend of $0.0154 per share. 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 dividend payout ratio is presently -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.

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