Stifel Financial Corp Purchases 6,583 Shares of GFL Environmental Inc. (NYSE:GFL)

Stifel Financial Corp boosted its position in shares of GFL Environmental Inc. (NYSE:GFL) by 8.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 86,644 shares of the company’s stock after acquiring an additional 6,583 shares during the period. Stifel Financial Corp’s holdings in GFL Environmental were worth $3,455,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in GFL. Envestnet Portfolio Solutions Inc. grew its holdings in shares of GFL Environmental by 43.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 9,732 shares of the company’s stock valued at $379,000 after purchasing an additional 2,937 shares in the last quarter. Fifth Third Bancorp lifted its position in GFL Environmental by 51.1% during the second quarter. Fifth Third Bancorp now owns 1,358 shares of the company’s stock valued at $53,000 after purchasing an additional 459 shares during the last quarter. Capital Insight Partners LLC grew its stake in shares of GFL Environmental by 2.4% in the 2nd quarter. Capital Insight Partners LLC now owns 35,650 shares of the company’s stock worth $1,388,000 after buying an additional 820 shares in the last quarter. Schwartz Investment Counsel Inc. increased its holdings in shares of GFL Environmental by 5.8% in the 2nd quarter. Schwartz Investment Counsel Inc. now owns 210,722 shares of the company’s stock worth $8,203,000 after buying an additional 11,600 shares during the last quarter. Finally, Tobam increased its holdings in shares of GFL Environmental by 139.5% in the 2nd quarter. Tobam now owns 1,751 shares of the company’s stock worth $68,000 after buying an additional 1,020 shares during the last quarter. Hedge funds and other institutional investors own 64.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on GFL shares. Raymond James lifted their price target on GFL Environmental from $47.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. UBS Group boosted their target price on GFL Environmental from $47.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Truist Financial increased their price target on GFL Environmental from $46.00 to $54.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Scotiabank lifted their price objective on shares of GFL Environmental from $50.00 to $51.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $45.80.

GFL Environmental Trading Up 1.6 %

GFL stock opened at $45.58 on Tuesday. The company has a market capitalization of $17.93 billion, a PE ratio of -34.27 and a beta of 1.16. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.58 and a quick ratio of 0.58. GFL Environmental Inc. has a 12 month low of $30.57 and a 12 month high of $48.87. The firm’s 50-day moving average is $43.69 and its 200 day moving average is $40.93.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.01. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. On average, research analysts anticipate that GFL Environmental Inc. will post 0.59 EPS for the current year.

GFL Environmental Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th were issued a $0.014 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.12%. The ex-dividend date was Wednesday, October 16th. GFL Environmental’s dividend payout ratio is -3.76%.

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.