GFL Environmental (NYSE:GFL) Hits New 52-Week High - What's Next?

GFL Environmental Inc. (NYSE:GFL - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The stock traded as high as $49.42 and last traded at $49.20, with a volume of 40096 shares trading hands. The stock had previously closed at $48.95.

Analyst Ratings Changes

GFL has been the subject of a number of research reports. Scotiabank increased their target price on GFL Environmental from $52.00 to $54.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 8th. UBS Group boosted 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. Royal Bank of Canada restated an "outperform" rating and issued a $53.00 price target on shares of GFL Environmental in a report on Monday, February 24th. Raymond James set a $56.00 price target on shares of GFL Environmental and gave the stock an "outperform" rating in a research note on Wednesday. Finally, Truist Financial lifted their target price on GFL Environmental from $54.00 to $58.00 and gave the company a "buy" rating in a research report on Wednesday, April 2nd. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $52.00.

GFL Environmental Trading Down 0.1 %

The company has a market cap of $19.07 billion, a price-to-earnings ratio of -36.46 and a beta of 1.09. The business's 50 day moving average price is $46.76 and its 200-day moving average price is $44.79. 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 (NYSE:GFL - Get Free Report) last posted its earnings results on Monday, February 24th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.13 by $0.03. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.98 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. On average, equities analysts anticipate that GFL Environmental Inc. will post 0.58 EPS for the current fiscal year.

GFL Environmental Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 14th will be given a dividend of $0.0154 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.13%. This is an increase from GFL Environmental's previous quarterly dividend of $0.01. GFL Environmental's dividend payout ratio is currently -3.87%.

Institutional Trading of GFL Environmental

Institutional investors have recently modified their holdings of the stock. Net Worth Advisory Group bought a new stake in GFL Environmental during the first quarter worth about $638,000. Fifth Third Bancorp raised its position in GFL Environmental by 81.9% during the first quarter. Fifth Third Bancorp now owns 1,643 shares of the company's stock valued at $79,000 after purchasing an additional 740 shares in the last quarter. NewGen Asset Management Ltd acquired a new stake in shares of GFL Environmental in the 1st quarter valued at $3,986,000. Barton Investment Management boosted its holdings in shares of GFL Environmental by 0.8% in the 1st quarter. Barton Investment Management now owns 417,878 shares of the company's stock valued at $20,188,000 after purchasing an additional 3,280 shares in the last quarter. Finally, Merit Financial Group LLC raised its holdings in shares of GFL Environmental by 63.6% during the 1st quarter. Merit Financial Group LLC now owns 41,600 shares of the company's stock worth $2,010,000 after buying an additional 16,171 shares in the last quarter. 64.70% of the stock is currently owned by institutional investors.

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.