GFL Environmental Inc. (NYSE:GFL) Short Interest Update

GFL Environmental Inc. (NYSE:GFLGet Rating) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 9,940,000 shares, an increase of 31.8% from the March 15th total of 7,540,000 shares. Currently, 5.6% of the shares of the company are sold short. Based on an average daily volume of 1,470,000 shares, the days-to-cover ratio is presently 6.8 days.

GFL has been the topic of several recent research reports. CIBC dropped their price objective on shares of GFL Environmental from C$58.00 to C$56.00 in a report on Friday, February 11th. Atb Cap Markets reaffirmed an “outperform” rating on shares of GFL Environmental in a report on Thursday, March 31st. JPMorgan Chase & Co. initiated coverage on shares of GFL Environmental in a report on Tuesday, March 1st. They set an “overweight” rating and a $41.00 price objective on the stock. Zacks Investment Research downgraded shares of GFL Environmental from a “strong-buy” rating to a “hold” rating in a report on Monday, January 17th. Finally, TD Securities dropped their price objective on shares of GFL Environmental from C$56.00 to C$55.00 in a report on Tuesday, February 15th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, GFL Environmental has a consensus rating of “Buy” and a consensus target price of $45.45.

Large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in shares of GFL Environmental by 16.9% during the third quarter. Dimensional Fund Advisors LP now owns 32,577 shares of the company’s stock valued at $1,210,000 after purchasing an additional 4,700 shares during the period. Franklin Resources Inc. boosted its stake in shares of GFL Environmental by 338.2% during the third quarter. Franklin Resources Inc. now owns 74,356 shares of the company’s stock valued at $2,762,000 after purchasing an additional 57,388 shares during the period. Intact Investment Management Inc. purchased a new stake in shares of GFL Environmental during the third quarter valued at approximately $17,464,000. Pinnacle Associates Ltd. lifted its stake in GFL Environmental by 71.8% in the fourth quarter. Pinnacle Associates Ltd. now owns 10,130 shares of the company’s stock worth $383,000 after acquiring an additional 4,235 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in GFL Environmental in the third quarter worth $685,000. 58.78% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE GFL opened at $32.84 on Monday. GFL Environmental has a one year low of $25.91 and a one year high of $43.71. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.42. The firm’s 50 day simple moving average is $30.36 and its two-hundred day simple moving average is $34.93.

GFL Environmental (NYSE:GFLGet Rating) last issued its quarterly earnings results on Wednesday, February 9th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05. GFL Environmental had a negative net margin of 9.39% and a positive return on equity of 2.80%. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.13 billion. On average, equities analysts anticipate that GFL Environmental will post 0.26 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 29th. Stockholders of record on Monday, April 18th will be paid a dividend of $0.012 per share. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.15%. The ex-dividend date is Thursday, April 14th. This is a positive change from GFL Environmental’s previous quarterly dividend of $0.01. GFL Environmental’s dividend payout ratio is -3.17%.

GFL Environmental Company Profile (Get Rating)

GFL Environmental Inc operates as a diversified environmental services company in Canada and the United States. The company offers non-hazardous solid waste management, infrastructure and soil remediation, and liquid waste management services. Its solid waste management business line includes the collection, transportation, transfer, recycling, and disposal of non-hazardous solid waste for municipal, residential, and commercial and industrial customers.

Featured Stories

Receive News & Ratings for GFL Environmental Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GFL Environmental and related companies with MarketBeat.com's FREE daily email newsletter.