GFL Environmental (TSE:GFL) Hits New 12-Month High – Here’s What Happened

GFL Environmental Inc. (TSE:GFL) hit a new 52-week high on Friday . The company traded as high as C$64.63 and last traded at C$64.63, with a volume of 6080 shares trading hands. The stock had previously closed at C$63.93.

Analyst Ratings Changes

Separately, Scotiabank upgraded GFL Environmental to a “strong-buy” rating in a research note on Friday, October 4th.

GFL Environmental Stock Performance

The company has a debt-to-equity ratio of 145.69, a current ratio of 0.89 and a quick ratio of 0.57. The stock has a 50 day simple moving average of C$57.36 and a two-hundred day simple moving average of C$53.70. The company has a market cap of C$24.41 billion, a PE ratio of -31.27, a PEG ratio of -0.76 and a beta of 1.03.

GFL Environmental (TSE:GFL) last released its earnings results on Wednesday, November 6th. The company reported C$0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.32 by C$0.01. GFL Environmental had a negative return on equity of 9.83% and a negative net margin of 8.83%. The business had revenue of C$2.01 billion for the quarter, compared to analyst estimates of C$2.06 billion. Equities analysts predict that GFL Environmental Inc. will post 1.6870788 EPS for the current year.

GFL Environmental Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 31st were issued a dividend of $0.019 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.12%. The ex-dividend date of this dividend was Wednesday, October 16th. GFL Environmental’s dividend payout ratio is presently -3.90%.

Insider Buying and Selling

In other GFL Environmental news, Senior Officer Mindy Beth Gilbert sold 6,698 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of C$54.39, for a total value of C$364,304.22. Also, Senior Officer Jonathan Lucas (Luke) Pelosi sold 43,931 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of C$54.83, for a total value of C$2,408,604.94. Insiders sold a total of 687,224 shares of company stock valued at $36,805,967 over the last three months. 2.96% of the stock is currently owned by company insiders.

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.