Ossiam Has $3.89 Million Stock Position in GFL Environmental Inc. (NYSE:GFL)

Ossiam raised its position in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 115.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 87,350 shares of the company's stock after buying an additional 46,756 shares during the quarter. Ossiam's holdings in GFL Environmental were worth $3,892,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. boosted its stake in GFL Environmental by 124.9% in the 4th quarter. Blue Trust Inc. now owns 551 shares of the company's stock worth $25,000 after purchasing an additional 306 shares during the period. Berbice Capital Management LLC acquired a new stake in shares of GFL Environmental in the fourth quarter worth $27,000. SRH Advisors LLC purchased a new position in shares of GFL Environmental during the fourth quarter valued at $89,000. Steward Partners Investment Advisory LLC raised its position in GFL Environmental by 350.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,400 shares of the company's stock valued at $107,000 after buying an additional 1,867 shares during the period. Finally, Venturi Wealth Management LLC lifted its stake in GFL Environmental by 6,717.9% in the 4th quarter. Venturi Wealth Management LLC now owns 2,659 shares of the company's stock worth $118,000 after acquiring an additional 2,620 shares in the last quarter. 64.70% of the stock is currently owned by institutional investors and hedge funds.

GFL Environmental Stock Performance

GFL stock traded down $0.29 during trading on Friday, reaching $48.52. 480,709 shares of the stock were exchanged, compared to its average volume of 1,469,253. The stock has a 50 day simple moving average of $46.90 and a 200-day simple moving average of $44.97. 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 Inc. has a twelve month low of $30.57 and a twelve month high of $49.45. The company has a market capitalization of $19.09 billion, a P/E ratio of -36.47 and a beta of 1.09.

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 for the quarter, topping analysts' consensus estimates of $0.13 by $0.03. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.98 billion. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. As a group, sell-side analysts anticipate that GFL Environmental Inc. will post 0.58 earnings per share for the current year.

GFL Environmental Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 14th will be paid a $0.0154 dividend. This is a positive change from GFL Environmental's previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a dividend yield of 0.13%. GFL Environmental's dividend payout ratio is currently -3.87%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Citigroup reduced their price target on shares of GFL Environmental from $56.00 to $53.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. UBS Group boosted their target price on GFL Environmental from $50.00 to $57.00 and gave the company a "buy" rating in a research note on Friday, April 4th. National Bankshares reaffirmed an "outperform" rating on shares of GFL Environmental in a research note on Tuesday, March 11th. Scotiabank boosted their price target on GFL Environmental from $52.00 to $54.00 and gave the company an "outperform" rating in a research note on Tuesday, April 8th. Finally, Stifel Nicolaus upgraded shares of GFL Environmental from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $52.00.

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.