GFL Environmental Inc. (NYSE:GFL) Shares Bought by US Bancorp DE

US Bancorp DE grew its stake in shares of GFL Environmental Inc. (NYSE:GFL) by 51.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 2,569 shares of the company’s stock after acquiring an additional 873 shares during the period. US Bancorp DE’s holdings in GFL Environmental were worth $102,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Janney Montgomery Scott LLC boosted its stake in shares of GFL Environmental by 143.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 17,628 shares of the company’s stock worth $608,000 after acquiring an additional 10,400 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in GFL Environmental by 13.0% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 6,795 shares of the company’s stock valued at $234,000 after purchasing an additional 780 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of GFL Environmental in the first quarter valued at $39,000. Intech Investment Management LLC acquired a new position in shares of GFL Environmental during the 1st quarter worth $342,000. Finally, Vanguard Group Inc. boosted its position in shares of GFL Environmental by 9.4% in the 1st quarter. Vanguard Group Inc. now owns 7,914,590 shares of the company’s stock worth $273,053,000 after buying an additional 683,120 shares in the last quarter. 64.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Raymond James raised their target price on shares of GFL Environmental from $47.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Royal Bank of Canada lifted their price objective on GFL Environmental from $46.00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Scotiabank increased their target price on GFL Environmental from $50.00 to $51.00 and gave the company a “sector outperform” rating in a report on Friday, November 8th. UBS Group boosted their price target on GFL Environmental from $47.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Truist Financial increased their price objective on GFL Environmental from $46.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $45.80.

GFL Environmental Price Performance

GFL stock opened at $44.00 on Friday. The stock has a market capitalization of $16.57 billion, a price-to-earnings ratio of -33.08 and a beta of 1.15. The company has a quick ratio of 0.89, a current ratio of 0.58 and a debt-to-equity ratio of 1.27. GFL Environmental Inc. has a 52-week low of $26.87 and a 52-week high of $46.48. The stock’s fifty day simple moving average is $41.10 and its 200-day simple moving average is $38.80.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.23 by $0.01. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Equities research analysts expect that GFL Environmental Inc. will post 0.6 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 Wednesday, October 16th were given a dividend of $0.014 per share. This represents a $0.06 annualized dividend and a yield of 0.13%. The ex-dividend date was Wednesday, October 16th. GFL Environmental’s dividend payout ratio (DPR) is -4.51%.

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.