Quaero Capital S.A. Has $1.66 Million Stock Position in GFL Environmental Inc. (NYSE:GFL)

Quaero Capital S.A. lifted its stake in shares of GFL Environmental Inc. (NYSE:GFL) by 35.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,310 shares of the company’s stock after buying an additional 9,690 shares during the period. GFL Environmental comprises approximately 2.1% of Quaero Capital S.A.’s investment portfolio, making the stock its 15th biggest position. Quaero Capital S.A.’s holdings in GFL Environmental were worth $1,662,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Continuum Advisory LLC raised its stake in shares of GFL Environmental by 60.6% during the third quarter. Continuum Advisory LLC now owns 673 shares of the company’s stock valued at $29,000 after acquiring an additional 254 shares during the last quarter. Blue Trust Inc. increased its holdings in GFL Environmental by 124.9% in the fourth quarter. Blue Trust Inc. now owns 551 shares of the company’s stock valued at $25,000 after purchasing an additional 306 shares during the period. Berbice Capital Management LLC bought a new position in GFL Environmental during the 4th quarter worth $27,000. Signaturefd LLC lifted its holdings in GFL Environmental by 30.7% during the 3rd quarter. Signaturefd LLC now owns 2,808 shares of the company’s stock worth $112,000 after buying an additional 659 shares during the period. Finally, Bleakley Financial Group LLC grew its position in shares of GFL Environmental by 9.9% in the 4th quarter. Bleakley Financial Group LLC now owns 7,954 shares of the company’s stock valued at $354,000 after buying an additional 718 shares during the last quarter. 64.70% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

GFL Environmental Price Performance

GFL stock opened at $46.58 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.27. GFL Environmental Inc. has a fifty-two week low of $30.57 and a fifty-two week high of $48.87. The stock’s 50 day simple moving average is $44.33 and its 200 day simple moving average is $42.68.

GFL Environmental Announces Dividend

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

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.