35,100 Shares in GFL Environmental Inc. (NYSE:GFL) Bought by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. bought a new stake in GFL Environmental Inc. (NYSE:GFL) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 35,100 shares of the company’s stock, valued at approximately $1,400,000.

Other hedge funds have also recently made changes to their positions in the company. Fifth Third Bancorp raised its holdings in GFL Environmental by 51.1% in the 2nd quarter. Fifth Third Bancorp now owns 1,358 shares of the company’s stock valued at $53,000 after buying an additional 459 shares during the last quarter. Spartan Fund Management Inc. acquired a new position in GFL Environmental in the 3rd quarter valued at approximately $60,000. Tobam raised its stake in shares of GFL Environmental by 139.5% during the second quarter. Tobam now owns 1,751 shares of the company’s stock valued at $68,000 after acquiring an additional 1,020 shares during the last quarter. Avior Wealth Management LLC bought a new position in shares of GFL Environmental during the third quarter valued at $82,000. Finally, Signaturefd LLC lifted its holdings in shares of GFL Environmental by 23.5% during the second quarter. Signaturefd LLC now owns 2,149 shares of the company’s stock worth $84,000 after purchasing an additional 409 shares during the period. 64.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on GFL shares. Scotiabank increased their price objective on GFL Environmental from $50.00 to $51.00 and gave the company a “sector outperform” rating in a report on Friday, November 8th. Truist Financial increased their price target on GFL Environmental from $46.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 8th. UBS Group lifted their price objective on GFL Environmental from $47.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Raymond James increased their target price on shares of GFL Environmental from $47.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.80.

GFL Environmental Price Performance

Shares of GFL opened at $46.36 on Friday. The firm has a market cap of $18.24 billion, a PE ratio of -34.86 and a beta of 1.16. GFL Environmental Inc. has a 52-week low of $28.21 and a 52-week high of $47.43. The business’s 50 day moving average price is $42.89 and its two-hundred day moving average price is $40.11. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.58 and a current ratio of 0.58.

GFL Environmental (NYSE:GFL) last released its earnings results on Wednesday, November 6th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.49 billion. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. On average, equities analysts anticipate that GFL Environmental Inc. will post 0.59 EPS for the current year.

GFL Environmental Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th were given a dividend of $0.014 per share. The ex-dividend date of this dividend was Wednesday, October 16th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.12%. GFL Environmental’s dividend payout ratio (DPR) is presently -4.51%.

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.