GFL Environmental Inc. (NYSE:GFL) Shares Sold by Phraction Management LLC

Phraction Management LLC lowered its stake in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 39.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,830 shares of the company's stock after selling 11,450 shares during the quarter. Phraction Management LLC's holdings in GFL Environmental were worth $794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of GFL. Blue Trust Inc. increased its position in shares of GFL Environmental by 124.9% during the fourth quarter. Blue Trust Inc. now owns 551 shares of the company's stock worth $25,000 after purchasing an additional 306 shares in the last quarter. Berbice Capital Management LLC purchased a new position in GFL Environmental in the 4th quarter worth $27,000. Continuum Advisory LLC increased its holdings in shares of GFL Environmental by 60.6% in the third quarter. Continuum Advisory LLC now owns 673 shares of the company's stock valued at $29,000 after purchasing an additional 254 shares during the period. Spartan Fund Management Inc. acquired a new position in shares of GFL Environmental in the third quarter valued at about $60,000. Finally, Avior Wealth Management LLC purchased a new position in shares of GFL Environmental in the third quarter worth about $82,000. 64.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GFL has been the topic of several research reports. Raymond James increased their price target on shares of GFL Environmental from $47.00 to $50.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Scotiabank decreased their target price on shares of GFL Environmental from $51.00 to $50.00 and set a "sector outperform" rating for the company in a research note on Monday, January 27th. Truist Financial upped their price objective on shares of GFL Environmental from $46.00 to $54.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. UBS Group raised their target price on GFL Environmental from $47.00 to $50.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Finally, Citigroup assumed coverage on shares of GFL Environmental in a report on Monday, January 27th. They set a "buy" rating and a $53.00 price objective on the stock. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $49.00.

GFL Environmental Trading Up 2.8 %

GFL stock traded up $1.28 during trading on Monday, reaching $46.58. 824,099 shares of the stock were exchanged, compared to its average volume of 1,884,195. GFL Environmental Inc. has a 1 year low of $30.57 and a 1 year high of $48.87. The business has a 50 day moving average price of $44.35 and a 200-day moving average price of $42.80. The firm has a market capitalization of $18.32 billion, a price-to-earnings ratio of -35.02 and a beta of 1.17. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 13th were issued a $0.014 dividend. The ex-dividend date was Monday, January 13th. This represents a $0.06 annualized dividend and a dividend yield of 0.12%. GFL Environmental's dividend payout ratio is currently -4.51%.

GFL Environmental 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.