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

Quaero Capital S.A. grew its stake in GFL Environmental Inc. (NYSE:GFL) by 35.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,310 shares of the company’s stock after purchasing an additional 9,690 shares during the quarter. GFL Environmental makes up approximately 2.1% of Quaero Capital S.A.’s investment portfolio, making the stock its 15th largest holding. Quaero Capital S.A.’s holdings in GFL Environmental were worth $1,662,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Blue Trust Inc. raised its holdings in GFL Environmental by 124.9% in the 4th quarter. Blue Trust Inc. now owns 551 shares of the company’s stock valued at $25,000 after acquiring an additional 306 shares during the period. Berbice Capital Management LLC bought a new position in shares of GFL Environmental during the fourth quarter worth approximately $27,000. Continuum Advisory LLC lifted its holdings in GFL Environmental by 60.6% during the 3rd quarter. Continuum Advisory LLC now owns 673 shares of the company’s stock worth $29,000 after purchasing an additional 254 shares during the last quarter. Spartan Fund Management Inc. bought a new stake in GFL Environmental in the 3rd quarter valued at $60,000. Finally, Avior Wealth Management LLC bought a new stake in GFL Environmental in the 3rd quarter valued at $82,000. Institutional investors and hedge funds own 64.70% of the company’s stock.

GFL Environmental Trading Up 2.8 %

Shares of GFL opened at $46.58 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.27. GFL Environmental Inc. has a 52-week low of $30.57 and a 52-week high of $48.87. The business’s fifty day moving average is $44.33 and its 200-day moving average is $42.68.

GFL Environmental Announces Dividend

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 $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 Monday, January 13th. GFL Environmental’s dividend payout ratio is presently -4.51%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GFL. Raymond James lifted their target price on GFL Environmental from $47.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. UBS Group lifted their price objective on shares of GFL Environmental from $47.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Truist Financial raised their target price on shares of GFL Environmental from $46.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Scotiabank cut their price target on GFL Environmental from $51.00 to $50.00 and set a “sector outperform” rating for the company in a research note on Monday, January 27th. Finally, Citigroup started coverage on GFL Environmental in a research note on Monday, January 27th. They set a “buy” rating and a $53.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, GFL Environmental has a consensus rating of “Moderate Buy” and an average price target of $49.00.

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.