Yaupon Capital Management LP Has $7.81 Million Stake in GFL Environmental Inc. (NYSE:GFL)

Yaupon Capital Management LP reduced its holdings in GFL Environmental Inc. (NYSE:GFL - Free Report) by 76.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 175,423 shares of the company's stock after selling 559,145 shares during the quarter. Yaupon Capital Management LP's holdings in GFL Environmental were worth $7,813,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GFL. Norges Bank bought a new stake in GFL Environmental in the fourth quarter valued at $126,420,000. Capital Research Global Investors boosted its stake in GFL Environmental by 11.4% during the 4th quarter. Capital Research Global Investors now owns 26,973,784 shares of the company's stock valued at $1,201,406,000 after purchasing an additional 2,751,618 shares during the period. FMR LLC grew its position in GFL Environmental by 10.0% in the 4th quarter. FMR LLC now owns 27,664,678 shares of the company's stock worth $1,233,223,000 after purchasing an additional 2,506,021 shares during the last quarter. Cohen & Steers Inc. acquired a new position in shares of GFL Environmental during the fourth quarter worth approximately $51,505,000. Finally, Paralel Advisors LLC bought a new position in GFL Environmental in the 4th quarter worth approximately $44,540,000. 64.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on GFL. Royal Bank of Canada reissued an "outperform" rating and issued a $53.00 price target on shares of GFL Environmental in a research note on Monday, February 24th. Raymond James set a $56.00 price target on shares of GFL Environmental and gave the stock an "outperform" rating in a research report on Wednesday, April 16th. National Bankshares reiterated an "outperform" rating on shares of GFL Environmental in a research note on Tuesday, March 11th. Stifel Nicolaus upgraded GFL Environmental from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. Finally, Citigroup lowered their price target on GFL Environmental from $56.00 to $53.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, GFL Environmental presently has an average rating of "Moderate Buy" and an average target price of $52.00.

GFL Environmental Price Performance

Shares of NYSE:GFL traded up $0.16 on Friday, reaching $48.97. 1,092,661 shares of the company traded hands, compared to its average volume of 1,472,456. The stock has a market capitalization of $19.26 billion, a PE ratio of -36.82 and a beta of 1.09. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.58 and a quick ratio of 0.58. The company's 50 day moving average is $46.90 and its 200-day moving average is $44.97. GFL Environmental Inc. has a fifty-two week low of $30.57 and a fifty-two week high of $49.45.

GFL Environmental (NYSE:GFL - Get Free Report) last announced its earnings results on Monday, February 24th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.13 by $0.03. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.98 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. As a group, analysts anticipate that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 14th will be issued a dividend of $0.0154 per share. This is an increase from GFL Environmental's previous quarterly dividend of $0.01. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.13%. GFL Environmental's payout ratio is currently -3.87%.

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.