XTX Topco Ltd Sells 26,276 Shares of GFL Environmental Inc. (NYSE:GFL)

XTX Topco Ltd trimmed its holdings in GFL Environmental Inc. (NYSE:GFL - Free Report) by 80.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,379 shares of the company's stock after selling 26,276 shares during the quarter. XTX Topco Ltd's holdings in GFL Environmental were worth $254,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of GFL. Fifth Third Bancorp lifted its position in shares of GFL Environmental by 51.1% in the 2nd quarter. Fifth Third Bancorp now owns 1,358 shares of the company's stock worth $53,000 after acquiring an additional 459 shares during the period. Spartan Fund Management Inc. bought a new stake in GFL Environmental in the 3rd quarter valued at $60,000. Tobam raised its stake in shares of GFL Environmental by 139.5% in the 2nd quarter. Tobam now owns 1,751 shares of the company's stock valued at $68,000 after buying an additional 1,020 shares in the last quarter. Avior Wealth Management LLC bought a new position in shares of GFL Environmental during the 3rd quarter worth about $82,000. Finally, Signaturefd LLC boosted its position in shares of GFL Environmental by 23.5% during the 2nd quarter. Signaturefd LLC now owns 2,149 shares of the company's stock valued at $84,000 after acquiring an additional 409 shares in the last quarter. Institutional investors and hedge funds own 64.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on GFL shares. UBS Group increased their price target on shares of GFL Environmental from $47.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Truist Financial increased their target price on GFL Environmental from $46.00 to $54.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Scotiabank boosted their price target on GFL Environmental from $50.00 to $51.00 and gave the company a "sector outperform" rating in a research note on Friday, November 8th. Finally, Raymond James increased their price objective on GFL Environmental from $47.00 to $50.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $45.80.

GFL Environmental Price Performance

GFL Environmental stock traded down $0.35 on Thursday, reaching $45.08. The company's stock had a trading volume of 2,383,238 shares, compared to its average volume of 1,215,868. GFL Environmental Inc. has a twelve month low of $30.57 and a twelve month high of $48.87. The company has a market cap of $17.73 billion, a price-to-earnings ratio of -33.89 and a beta of 1.16. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.58 and a current ratio of 0.58. The business's fifty day moving average price is $43.95 and its 200 day moving average price is $41.08.

GFL Environmental (NYSE:GFL - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.24 earnings per share 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 firm had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.49 billion. Equities analysts expect that GFL Environmental Inc. will post 0.59 earnings per share for the current fiscal year.

GFL Environmental Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th were given a $0.014 dividend. The ex-dividend date of this dividend was Wednesday, October 16th. This represents a $0.06 dividend on an annualized basis and a yield of 0.12%. GFL Environmental's payout ratio is -3.76%.

About GFL Environmental

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.