Boussard & Gavaudan Investment Management LLP Makes New $2.58 Million Investment in GFL Environmental Inc. (NYSE:GFL)

Boussard & Gavaudan Investment Management LLP acquired a new position in GFL Environmental Inc. (NYSE:GFL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 64,838 shares of the company’s stock, valued at approximately $2,584,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Truist Financial Corp boosted its stake in GFL Environmental by 1.8% in the second quarter. Truist Financial Corp now owns 15,463 shares of the company’s stock worth $602,000 after purchasing an additional 268 shares in the last quarter. Signaturefd LLC lifted its stake in shares of GFL Environmental by 23.5% during the second quarter. Signaturefd LLC now owns 2,149 shares of the company’s stock valued at $84,000 after acquiring an additional 409 shares during the period. Fifth Third Bancorp lifted its stake in shares of GFL Environmental by 51.1% during the second quarter. Fifth Third Bancorp now owns 1,358 shares of the company’s stock valued at $53,000 after acquiring an additional 459 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in shares of GFL Environmental by 3.2% during the second quarter. DekaBank Deutsche Girozentrale now owns 21,597 shares of the company’s stock valued at $838,000 after acquiring an additional 664 shares during the period. Finally, Capital Insight Partners LLC lifted its stake in shares of GFL Environmental by 2.4% during the second quarter. Capital Insight Partners LLC now owns 35,650 shares of the company’s stock valued at $1,388,000 after acquiring an additional 820 shares during the period. Institutional investors and hedge funds own 64.70% of the company’s stock.

Analyst Ratings Changes

GFL has been the topic of several research reports. UBS Group upped their price target on GFL Environmental from $47.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Truist Financial upped 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. Raymond James increased their target price on GFL Environmental from $47.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Scotiabank increased their target price on GFL Environmental from $50.00 to $51.00 and gave the company a “sector outperform” rating in a research note on Friday, November 8th. Finally, Royal Bank of Canada increased their target price on GFL Environmental from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $45.80.

GFL Environmental Trading Down 0.8 %

NYSE GFL opened at $46.25 on Thursday. The firm has a market cap of $18.19 billion, a P/E ratio of -34.77 and a beta of 1.15. 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’s 50-day moving average is $42.05 and its 200-day moving average is $39.54. GFL Environmental Inc. has a one year low of $26.87 and a one year high of $47.11.

GFL Environmental (NYSE:GFL) last announced 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. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.49 billion. Sell-side analysts anticipate that GFL Environmental Inc. will post 0.59 earnings per share for the current fiscal year.

GFL Environmental Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Wednesday, October 16th were given a $0.014 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date of this dividend was Wednesday, October 16th. GFL Environmental’s dividend payout ratio is presently -3.76%.

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.