Triasima Portfolio Management inc. bought a new stake in GFL Environmental Inc. (NYSE:GFL - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 66,776 shares of the company's stock, valued at approximately $3,225,000.
A number of other large investors have also added to or reduced their stakes in GFL. Bessemer Group Inc. acquired a new stake in GFL Environmental during the 1st quarter valued at $28,000. LRI Investments LLC acquired a new position in GFL Environmental during the 1st quarter worth $34,000. Natixis acquired a new position in GFL Environmental during the 4th quarter worth $49,000. Harbor Investment Advisory LLC acquired a new position in GFL Environmental during the 1st quarter worth $53,000. Finally, Versant Capital Management Inc grew its holdings in GFL Environmental by 3,470.3% during the 1st quarter. Versant Capital Management Inc now owns 1,321 shares of the company's stock worth $64,000 after acquiring an additional 1,284 shares in the last quarter. 64.70% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research firms have recently commented on GFL. Royal Bank Of Canada lifted their price target on shares of GFL Environmental from $53.00 to $56.00 and gave the company an "outperform" rating in a report on Monday, May 5th. Scotiabank reiterated an "outperform" rating on shares of GFL Environmental in a research report on Monday, May 5th. UBS Group lifted their price objective on shares of GFL Environmental from $50.00 to $57.00 and gave the company a "buy" rating in a research report on Friday, April 4th. Raymond James Financial reiterated an "outperform" rating and issued a $57.00 price objective (up from $56.00) on shares of GFL Environmental in a research report on Friday, May 2nd. Finally, Citigroup boosted their price target on shares of GFL Environmental from $53.00 to $56.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, GFL Environmental currently has a consensus rating of "Buy" and an average price target of $56.29.
Read Our Latest Research Report on GFL
GFL Environmental Price Performance
Shares of GFL stock traded down $0.07 during midday trading on Friday, reaching $47.45. 156,465 shares of the company were exchanged, compared to its average volume of 1,459,770. The company's 50 day moving average price is $49.17 and its two-hundred day moving average price is $47.23. The company has a market cap of $17.40 billion, a P/E ratio of 9.72 and a beta of 1.03. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.82 and a current ratio of 0.82. GFL Environmental Inc. has a 12 month low of $37.00 and a 12 month high of $52.00.
GFL Environmental (NYSE:GFL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.10). The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.52 billion. GFL Environmental had a return on equity of 3.93% and a net margin of 36.01%. The firm's quarterly revenue was down 13.4% on a year-over-year basis. On average, sell-side analysts expect that GFL Environmental Inc. will post 0.58 earnings per share for the current year.
GFL Environmental Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, July 14th will be paid a $0.0154 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.13%. GFL Environmental's dividend payout ratio is currently 1.23%.
About GFL Environmental
(
Free Report)
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.
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