GFL Environmental Inc. (NYSE:GFL) Stake Raised by Williamson Legacy Group LLC

Williamson Legacy Group LLC increased its stake in GFL Environmental Inc. (NYSE:GFL) by 7.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,026 shares of the company’s stock after purchasing an additional 1,336 shares during the quarter. Williamson Legacy Group LLC’s holdings in GFL Environmental were worth $847,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Continuum Advisory LLC increased its stake in GFL Environmental by 60.6% in the 3rd quarter. Continuum Advisory LLC now owns 673 shares of the company’s stock worth $29,000 after purchasing an additional 254 shares in the last quarter. Blue Trust Inc. increased its stake in GFL Environmental by 124.9% in the 4th quarter. Blue Trust Inc. now owns 551 shares of the company’s stock worth $25,000 after purchasing an additional 306 shares in the last quarter. US Bancorp DE increased its stake in GFL Environmental by 12.5% in the 4th quarter. US Bancorp DE now owns 2,890 shares of the company’s stock worth $129,000 after purchasing an additional 321 shares in the last quarter. Berbice Capital Management LLC purchased a new position in GFL Environmental in the 4th quarter worth about $27,000. Finally, FDx Advisors Inc. increased its stake in GFL Environmental by 5.5% in the 4th quarter. FDx Advisors Inc. now owns 11,782 shares of the company’s stock worth $525,000 after purchasing an additional 616 shares in the last quarter. Hedge funds and other institutional investors own 64.70% of the company’s stock.

GFL Environmental Trading Up 5.0 %

Shares of NYSE GFL opened at $45.19 on Friday. The stock has a market cap of $17.78 billion, a price-to-earnings ratio of -33.98 and a beta of 1.17. The business has a 50 day simple moving average of $44.38 and a 200 day simple moving average of $43.16. GFL Environmental Inc. has a 52 week low of $30.57 and a 52 week high of $48.87. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.58 and a current ratio of 0.58.

GFL Environmental (NYSE:GFL) last announced its quarterly 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 business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations 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, research analysts predict that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 13th were issued a $0.014 dividend. The ex-dividend date of this dividend was Monday, January 13th. This represents a $0.06 annualized dividend and a yield of 0.12%. GFL Environmental’s dividend payout ratio (DPR) is currently -3.23%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on GFL shares. Scotiabank dropped their price target on GFL Environmental from $51.00 to $50.00 and set a “sector outperform” rating on the stock in a research note on Monday, January 27th. Raymond James lifted their target price on GFL Environmental from $47.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Stifel Nicolaus raised GFL Environmental from a “hold” rating to a “buy” rating in a research note on Tuesday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $53.00 target price on shares of GFL Environmental in a research note on Monday, February 24th. Finally, Truist Financial lifted their target price on GFL Environmental from $46.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 8th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.56.

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.