Tobam Invests $1.85 Million in GFL Environmental Inc. (NYSE:GFL)

Tobam acquired a new position in GFL Environmental Inc. (NYSE:GFL - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 41,448 shares of the company's stock, valued at approximately $1,846,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GFL. Squarepoint Ops LLC purchased a new stake in shares of GFL Environmental during the second quarter valued at about $220,000. Creative Planning raised its stake in shares of GFL Environmental by 125.4% during the 2nd quarter. Creative Planning now owns 14,934 shares of the company's stock worth $581,000 after acquiring an additional 8,309 shares in the last quarter. Truist Financial Corp lifted its position in GFL Environmental by 1.8% during the second quarter. Truist Financial Corp now owns 15,463 shares of the company's stock valued at $602,000 after acquiring an additional 268 shares during the last quarter. Capital Insight Partners LLC boosted its stake in GFL Environmental by 3.7% in the third quarter. Capital Insight Partners LLC now owns 36,962 shares of the company's stock valued at $1,474,000 after acquiring an additional 1,312 shares in the last quarter. Finally, Seven Grand Managers LLC purchased a new position in GFL Environmental in the third quarter worth $1,994,000. 64.70% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GFL has been the subject of a number of recent analyst reports. Citigroup began coverage on GFL Environmental in a research report on Monday, January 27th. They issued a "buy" rating and a $53.00 price objective for the company. UBS Group boosted their price target on GFL Environmental from $47.00 to $50.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Raymond James lifted their target price on shares of GFL Environmental from $47.00 to $50.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. Scotiabank cut their price target on shares of 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. Finally, Truist Financial lifted their price objective on shares of GFL Environmental from $46.00 to $54.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, GFL Environmental has a consensus rating of "Moderate Buy" and a consensus price target of $49.00.

GFL Environmental Trading Down 0.6 %

NYSE GFL traded down $0.30 on Tuesday, reaching $46.12. 632,059 shares of the company were exchanged, compared to its average volume of 1,852,110. GFL Environmental Inc. has a fifty-two week low of $30.57 and a fifty-two week high of $48.87. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.27. The business's fifty day moving average price is $44.38 and its 200 day moving average price is $42.58. The stock has a market capitalization of $18.14 billion, a P/E ratio of -34.68 and a beta of 1.17.

GFL Environmental Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders 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 payout ratio is -4.51%.

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.