PEAK6 Investments LLC Buys New Shares in GFL Environmental Inc. (NYSE:GFL)

PEAK6 Investments LLC bought a new stake in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 62,018 shares of the company's stock, valued at approximately $2,473,000.

A number of other large investors have also recently bought and sold shares of GFL. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of GFL Environmental by 2.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,293 shares of the company's stock worth $1,769,000 after buying an additional 848 shares during the period. Boussard & Gavaudan Investment Management LLP acquired a new stake in shares of GFL Environmental during the third quarter valued at about $2,584,000. Quantbot Technologies LP acquired a new stake in shares of GFL Environmental during the third quarter valued at about $2,807,000. FMR LLC grew its stake in GFL Environmental by 7.4% in the third 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 in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in GFL Environmental by 0.4% in the third quarter. The Manufacturers Life Insurance Company now owns 621,387 shares of the company's stock worth $24,804,000 after purchasing an additional 2,529 shares in the last quarter. Institutional investors and hedge funds own 64.70% of the company's stock.

GFL Environmental Stock Down 0.9 %

Shares of NYSE:GFL traded down $0.44 during trading on Monday, reaching $46.66. 863,893 shares of the company traded hands, compared to its average volume of 1,209,945. The firm has a fifty day simple moving average of $42.34 and a 200 day simple moving average of $39.81. The firm has a market cap of $18.36 billion, a P/E ratio of -35.08 and a beta of 1.15. GFL Environmental Inc. has a 1-year low of $28.21 and a 1-year high of $47.43. 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 released its quarterly earnings data on Wednesday, November 6th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.01. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.49 billion. Analysts anticipate that GFL Environmental Inc. will post 0.59 earnings per share for the current fiscal year.

GFL Environmental Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on GFL. Truist Financial lifted their price target on GFL Environmental from $46.00 to $54.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Scotiabank lifted their price target on GFL Environmental from $50.00 to $51.00 and gave the company a "sector outperform" rating in a report on Friday, November 8th. UBS Group boosted their target price on GFL Environmental from $47.00 to $50.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Finally, Raymond James lifted their price target on shares of GFL Environmental from $47.00 to $50.00 and gave the stock an "outperform" rating in a research 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 MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average 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.