Polar Asset Management Partners Inc. Grows Stock Position in GFL Environmental Inc. (NYSE:GFL)

Polar Asset Management Partners Inc. raised its stake in shares of GFL Environmental Inc. (NYSE:GFL) by 241.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 119,951 shares of the company’s stock after buying an additional 84,851 shares during the period. Polar Asset Management Partners Inc.’s holdings in GFL Environmental were worth $5,344,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of GFL. Avanza Fonder AB purchased a new position in shares of GFL Environmental during the 4th quarter valued at about $1,063,000. Goldstein Advisors LLC raised its stake in shares of GFL Environmental by 20.8% during the 4th quarter. Goldstein Advisors LLC now owns 7,418 shares of the company’s stock valued at $330,000 after buying an additional 1,278 shares during the last quarter. Berbice Capital Management LLC purchased a new position in shares of GFL Environmental during the 4th quarter valued at about $27,000. Grimes & Company Inc. purchased a new position in shares of GFL Environmental during the 4th quarter valued at about $223,000. Finally, Blue Trust Inc. raised its stake in shares of GFL Environmental by 124.9% during the 4th quarter. Blue Trust Inc. now owns 551 shares of the company’s stock valued at $25,000 after buying an additional 306 shares during the last quarter. Hedge funds and other institutional investors own 64.70% of the company’s stock.

Analyst Upgrades and Downgrades

GFL has been the topic of a number of analyst reports. National Bankshares restated an “outperform” rating on shares of GFL Environmental in a research report on Tuesday, March 11th. UBS Group raised their target price on GFL Environmental from $50.00 to $57.00 and gave the company a “buy” rating in a research report on Friday, April 4th. Citigroup raised their target price on GFL Environmental from $53.00 to $56.00 and gave the company a “buy” rating in a research report on Tuesday. Stifel Nicolaus upgraded GFL Environmental from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. Finally, Truist Financial raised their target price on GFL Environmental from $54.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, April 2nd. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, GFL Environmental has a consensus rating of “Buy” and an average target price of $54.57.

GFL Environmental Price Performance

NYSE:GFL opened at $49.04 on Friday. GFL Environmental Inc. has a 12 month low of $30.57 and a 12 month high of $52.00. The stock has a 50 day moving average of $48.03 and a two-hundred day moving average of $45.87. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.27. The firm has a market cap of $19.29 billion, a P/E ratio of -36.87 and a beta of 1.08.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings data on Wednesday, April 30th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.10). GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.52 billion. The company’s quarterly revenue was down 13.4% on a year-over-year basis. On average, analysts expect that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, April 14th were paid a dividend of $0.0154 per share. This is a positive change from GFL Environmental’s previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a yield of 0.13%. GFL Environmental’s payout ratio is 1.23%.

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.