Jane Street Group LLC Cuts Stock Holdings in GFL Environmental Inc. (NYSE:GFL)

Jane Street Group LLC decreased its position in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 42.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,958 shares of the company's stock after selling 55,530 shares during the period. Jane Street Group LLC's holdings in GFL Environmental were worth $2,949,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in GFL. FMR LLC raised its stake in GFL Environmental by 7.4% during the third quarter. FMR LLC now owns 25,158,657 shares of the company's stock valued at $1,003,591,000 after purchasing an additional 1,728,598 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of GFL Environmental by 2.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 11,817,626 shares of the company's stock worth $471,287,000 after buying an additional 257,486 shares during the last quarter. 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 valued at $407,619,000 after buying an additional 3,999,363 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of 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 last quarter. Finally, Maverick Capital Ltd. grew its position in GFL Environmental by 11.3% in the third quarter. Maverick Capital Ltd. now owns 3,658,190 shares of the company's stock worth $145,889,000 after acquiring an additional 372,534 shares in the last quarter. 64.70% of the stock is currently owned by hedge funds and other institutional investors.

GFL Environmental Trading Down 0.4 %

GFL stock traded down $0.20 during trading on Friday, hitting $44.88. The company had a trading volume of 1,143,928 shares, compared to its average volume of 1,215,575. GFL Environmental Inc. has a 52-week low of $30.57 and a 52-week high of $48.87. The company has a 50 day simple moving average of $44.04 and a 200-day simple moving average of $41.18. The firm has a market capitalization of $17.66 billion, a P/E ratio of -33.74 and a beta of 1.16. 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 (NYSE:GFL - Get Free Report) last issued its 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. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.49 billion. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. As a group, research analysts forecast that GFL Environmental Inc. will post 0.59 earnings per share for the current fiscal year.

GFL Environmental Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders 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 was Wednesday, October 16th. GFL Environmental's dividend payout ratio (DPR) is presently -3.76%.

Analyst Upgrades and Downgrades

GFL has been the topic of a number of recent research reports. Truist Financial upped their price objective on GFL Environmental from $46.00 to $54.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Raymond James raised 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. UBS Group lifted their price objective on shares of GFL Environmental from $47.00 to $50.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Finally, Scotiabank increased their target price on shares of GFL Environmental from $50.00 to $51.00 and gave the company a "sector outperform" rating in a research note on Friday, November 8th. Three research 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.com, the stock has an average rating of "Moderate Buy" and a consensus target price 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.