SRH Advisors LLC Buys Shares of 2,000 GFL Environmental Inc. (NYSE:GFL)

SRH Advisors LLC purchased a new position in shares of GFL Environmental Inc. (NYSE:GFL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,000 shares of the company’s stock, valued at approximately $89,000.

Several other hedge funds also recently modified their holdings of GFL. FMR LLC increased its position in GFL Environmental by 7.4% during the third quarter. FMR LLC now owns 25,158,657 shares of the company’s stock worth $1,003,591,000 after acquiring an additional 1,728,598 shares during the period. Massachusetts Financial Services Co. MA grew its position in GFL Environmental by 2.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 11,817,626 shares of the company’s stock worth $471,287,000 after purchasing an additional 257,486 shares during the last quarter. Fred Alger Management LLC increased its holdings in shares of GFL Environmental by 64.3% during the 3rd quarter. Fred Alger Management LLC now owns 10,221,130 shares of the company’s stock worth $407,619,000 after purchasing an additional 3,999,363 shares during the period. Maverick Capital Ltd. raised its position in shares of GFL Environmental by 11.3% during the third quarter. Maverick Capital Ltd. now owns 3,658,190 shares of the company’s stock valued at $145,889,000 after buying an additional 372,534 shares during the last quarter. Finally, Soros Fund Management LLC lifted its stake in shares of GFL Environmental by 487.0% in the third quarter. Soros Fund Management LLC now owns 3,156,327 shares of the company’s stock valued at $125,874,000 after buying an additional 2,618,589 shares during the period. 64.70% of the stock is owned by institutional investors.

GFL Environmental Stock Down 0.3 %

GFL opened at $46.28 on Wednesday. The firm has a market cap of $18.21 billion, a price-to-earnings ratio of -34.80 and a beta of 1.17. 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 firm’s 50-day simple moving average is $44.38 and its 200-day simple moving average is $42.58. GFL Environmental Inc. has a twelve month low of $30.57 and a twelve month high of $48.87.

GFL Environmental Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 13th were paid a dividend of $0.014 per share. The ex-dividend date of this dividend was Monday, January 13th. This represents a $0.06 annualized dividend and a yield of 0.12%. GFL Environmental’s dividend payout ratio is -4.51%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on GFL shares. Raymond James boosted their price target on GFL Environmental from $47.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Citigroup began coverage on GFL Environmental in a research report on Monday, January 27th. They set a “buy” rating and a $53.00 price objective on the stock. Scotiabank reduced their target price on GFL Environmental from $51.00 to $50.00 and set a “sector outperform” rating for the company in a research report on Monday, January 27th. Truist Financial boosted their price target on shares of GFL Environmental from $46.00 to $54.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, UBS Group raised their price objective on shares of GFL Environmental from $47.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $49.00.

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.