GFL Environmental Inc. (TSE:GFL) Director Patrick Joseph Dovigi Sells 50,000 Shares

GFL Environmental Inc. (TSE:GFL - Get Free Report) Director Patrick Joseph Dovigi sold 50,000 shares of the stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of C$67.33, for a total transaction of C$3,366,610.60.

Patrick Joseph Dovigi also recently made the following trade(s):

• On Friday, May 9th, Patrick Joseph Dovigi sold 250,000 shares of GFL Environmental stock. The shares were sold at an average price of C$68.50, for a total transaction of C$17,125,500.00.

GFL Environmental Price Performance

TSE GFL traded down C$0.23 during trading hours on Tuesday, hitting C$68.63. 471,527 shares of the company's stock traded hands, compared to its average volume of 334,777. GFL Environmental Inc. has a 52-week low of C$41.90 and a 52-week high of C$71.82. The company has a market capitalization of C$26.48 billion, a PE ratio of -45.04, a PEG ratio of -0.76 and a beta of 1.03. The company has a debt-to-equity ratio of 147.75, a current ratio of 0.58 and a quick ratio of 0.57. The firm's 50-day moving average is C$67.82 and its 200-day moving average is C$65.58.

GFL Environmental Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 30th were issued a $0.0154 dividend. This represents a $0.06 annualized dividend and a yield of 0.09%. This is a positive change from GFL Environmental's previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Monday, April 14th. GFL Environmental's payout ratio is presently -5.25%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Seaport Res Ptn upgraded shares of GFL Environmental to a "strong-buy" rating in a research note on Tuesday, May 6th. Citigroup upgraded shares of GFL Environmental to a "strong-buy" rating in a research note on Monday, January 27th.

GFL Environmental Company Profile

GFL Environmental Inc is an environmental services company. Its offerings include non-hazardous solid waste management, infrastructure, soil remediation, and liquid waste management services. Its solid waste management business line, which generates the majority of the revenue, consists of the collection, transportation, transfer, recycling, and disposal of non-hazardous solid waste.