Boussard & Gavaudan Investment Management LLP Has $2.49 Million Stock Holdings in GFL Environmental Inc. (NYSE:GFL)

Boussard & Gavaudan Investment Management LLP reduced its position in shares of GFL Environmental Inc. (NYSE:GFL) by 13.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 56,085 shares of the company’s stock after selling 8,753 shares during the quarter. Boussard & Gavaudan Investment Management LLP’s holdings in GFL Environmental were worth $2,487,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. raised 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 during the period. Berbice Capital Management LLC acquired a new position in GFL Environmental during the fourth quarter worth $27,000. Continuum Advisory LLC lifted its stake 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 buying an additional 254 shares in the last quarter. SRH Advisors LLC acquired a new position in shares of GFL Environmental during the fourth quarter valued at about $89,000. Finally, Steward Partners Investment Advisory LLC increased its position in shares of GFL Environmental by 350.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,400 shares of the company’s stock worth $107,000 after acquiring an additional 1,867 shares in the last quarter. Institutional investors own 64.70% of the company’s stock.

Analysts Set New Price Targets

GFL has been the topic of several recent research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $53.00 price target on shares of GFL Environmental in a research report on Monday, February 24th. Stifel Nicolaus upgraded GFL Environmental from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. Scotiabank upped their price target on GFL Environmental from $50.00 to $52.00 and gave the stock a “sector outperform” rating in a report on Wednesday, March 5th. National Bankshares restated an “outperform” rating on shares of GFL Environmental in a research note on Tuesday, March 11th. Finally, Citigroup began coverage on shares of GFL Environmental in a research note on Monday, January 27th. They issued a “buy” rating and a $53.00 target price for the company. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, GFL Environmental presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.63.

GFL Environmental Trading Up 0.9 %

NYSE GFL opened at $48.80 on Friday. The business’s fifty day moving average is $45.48 and its 200-day moving average is $43.86. 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 stock has a market capitalization of $19.20 billion, a price-to-earnings ratio of -36.69 and a beta of 1.16. GFL Environmental Inc. has a one year low of $30.57 and a one year high of $49.35.

GFL Environmental (NYSE:GFL) last announced its quarterly earnings data on Monday, February 24th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.98 billion. Equities research analysts predict that GFL Environmental Inc. will post 0.58 EPS for the current year.

GFL Environmental Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 13th were given a dividend of $0.014 per share. The ex-dividend date of this dividend was Monday, January 13th. This represents a $0.06 dividend on an annualized basis and a yield of 0.11%. GFL Environmental’s dividend payout ratio is presently -3.23%.

GFL Environmental Company 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.