5,242 Shares in GFL Environmental Inc. (NYSE:GFL) Purchased by Wealthquest Corp

Wealthquest Corp 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 & Exchange Commission. The fund bought 5,242 shares of the company's stock, valued at approximately $253,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its position 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. Natixis purchased a new stake in shares of GFL Environmental during the fourth quarter worth $49,000. Harbor Investment Advisory LLC purchased a new stake in shares of GFL Environmental during the first quarter worth $53,000. Versant Capital Management Inc increased its position in shares of GFL Environmental by 3,470.3% during the first 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 during the period. Finally, Fifth Third Bancorp increased its position in shares of GFL Environmental by 81.9% during the first quarter. Fifth Third Bancorp now owns 1,643 shares of the company's stock worth $79,000 after acquiring an additional 740 shares during the period. Hedge funds and other institutional investors own 64.70% of the company's stock.

GFL Environmental Stock Performance

NYSE GFL traded down $0.87 during trading hours on Friday, hitting $49.71. The company had a trading volume of 2,663,876 shares, compared to its average volume of 1,452,582. 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 1-year low of $37.00 and a 1-year high of $52.00. The company has a market cap of $18.23 billion, a PE ratio of 10.19 and a beta of 1.04. The business has a 50 day moving average of $49.58 and a 200-day moving average of $46.93.

GFL Environmental (NYSE:GFL - Get Free Report) last released 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). GFL Environmental had a net margin of 36.01% and a return on equity of 3.93%. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.52 billion. The business's revenue was down 13.4% compared to the same quarter last year. As a group, equities research analysts expect that GFL Environmental Inc. will post 0.58 EPS for the current year.

GFL Environmental Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, April 14th were paid a $0.0154 dividend. This represents a $0.06 annualized dividend and a yield of 0.12%. This is an increase from GFL Environmental's previous quarterly dividend of $0.01. GFL Environmental's dividend payout ratio is currently 1.23%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on GFL. UBS Group upped their price objective on GFL Environmental from $50.00 to $57.00 and gave the stock a "buy" rating in a research report on Friday, April 4th. National Bankshares reiterated an "outperform" rating on shares of GFL Environmental in a research note on Tuesday, March 11th. National Bank Financial upgraded shares of GFL Environmental to a "strong-buy" rating in a research note on Monday, May 26th. Truist Financial boosted their target price on shares of GFL Environmental from $54.00 to $58.00 and gave the stock a "buy" rating in a research note on Wednesday, April 2nd. Finally, Scotiabank reiterated an "outperform" rating on shares of GFL Environmental in a research note on Monday, May 5th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $54.50.

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.