Quaero Capital S.A. Purchases 9,690 Shares of GFL Environmental Inc. (NYSE:GFL)

Quaero Capital S.A. increased its holdings in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 35.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,310 shares of the company's stock after purchasing an additional 9,690 shares during the period. GFL Environmental makes up 2.1% of Quaero Capital S.A.'s portfolio, making the stock its 15th biggest position. Quaero Capital S.A.'s holdings in GFL Environmental were worth $1,662,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Blue Trust Inc. raised its position in GFL Environmental by 124.9% in the 4th quarter. Blue Trust Inc. now owns 551 shares of the company's stock valued at $25,000 after buying an additional 306 shares during the last quarter. Berbice Capital Management LLC acquired a new stake in GFL Environmental in the 4th quarter valued at approximately $27,000. Continuum Advisory LLC raised its position in GFL Environmental by 60.6% in the 3rd quarter. Continuum Advisory LLC now owns 673 shares of the company's stock valued at $29,000 after buying an additional 254 shares during the last quarter. Spartan Fund Management Inc. acquired a new stake in GFL Environmental in the 3rd quarter valued at approximately $60,000. Finally, SRH Advisors LLC acquired a new stake in GFL Environmental in the 4th quarter valued at approximately $89,000. Institutional investors own 64.70% of the company's stock.

GFL Environmental Stock Performance

Shares of GFL stock traded up $0.39 during trading on Wednesday, reaching $46.61. 778,205 shares of the company's stock were exchanged, compared to its average volume of 1,769,538. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $18.33 billion, a PE ratio of -35.04 and a beta of 1.17. GFL Environmental Inc. has a twelve month low of $30.57 and a twelve month high of $48.87. The firm's fifty day moving average price is $44.39 and its 200-day moving average price is $42.91.

GFL Environmental Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 13th were issued a dividend of $0.014 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date of this dividend was Monday, January 13th. GFL Environmental's payout ratio is presently -4.51%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GFL. Scotiabank dropped their target price on GFL Environmental from $51.00 to $50.00 and set a "sector outperform" rating on the stock in a research report on Monday, January 27th. UBS Group lifted 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. Citigroup assumed coverage on GFL Environmental in a research report on Monday, January 27th. They set a "buy" rating and a $53.00 price target on the stock. Truist Financial boosted their price target on GFL Environmental from $46.00 to $54.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Finally, Raymond James boosted 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. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $49.00.

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.