Quantbot Technologies LP Makes New Investment in GFL Environmental Inc. (NYSE:GFL)

Quantbot Technologies LP purchased a new stake in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 70,375 shares of the company's stock, valued at approximately $2,807,000.

A number of other large investors have also recently made changes to their positions in GFL. Truist Financial Corp boosted its holdings in GFL Environmental by 1.8% in the second quarter. Truist Financial Corp now owns 15,463 shares of the company's stock worth $602,000 after purchasing an additional 268 shares during the last quarter. Signaturefd LLC grew its position in shares of GFL Environmental by 23.5% during the 2nd quarter. Signaturefd LLC now owns 2,149 shares of the company's stock valued at $84,000 after acquiring an additional 409 shares during the period. Fifth Third Bancorp grew its holdings 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 period. DekaBank Deutsche Girozentrale lifted its position in shares of GFL Environmental by 3.2% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 21,597 shares of the company's stock valued at $838,000 after buying an additional 664 shares in the last quarter. Finally, Capital Insight Partners LLC grew its stake in shares of GFL Environmental by 2.4% during the 2nd quarter. Capital Insight Partners LLC now owns 35,650 shares of the company's stock valued at $1,388,000 after acquiring an additional 820 shares during the period. 64.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on GFL. Raymond James raised 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 raised their price objective on shares of GFL Environmental from $50.00 to $51.00 and gave the company a "sector outperform" rating in a research report on Friday, November 8th. Truist Financial increased their price target on GFL Environmental from $46.00 to $54.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. UBS Group boosted their price objective on GFL Environmental from $47.00 to $50.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Finally, Royal Bank of Canada increased their target price on GFL Environmental from $46.00 to $48.00 and gave the stock an "outperform" rating in a research report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $45.80.

GFL Environmental Trading Down 0.8 %

Shares of NYSE GFL traded down $0.36 during trading hours on Thursday, hitting $46.26. 674,987 shares of the company traded hands, compared to its average volume of 1,214,340. The company's 50 day moving average price is $42.19 and its 200 day moving average price is $39.59. GFL Environmental Inc. has a 12 month low of $26.87 and a 12 month high of $47.11. The stock has a market capitalization of $18.20 billion, a price-to-earnings ratio of -34.78 and a beta of 1.15. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.27.

GFL Environmental (NYSE:GFL - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.24 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $1.48 billion for the quarter, compared to analysts' expectations of $1.49 billion. On average, equities research analysts anticipate that GFL Environmental Inc. will post 0.59 earnings per share for the current fiscal year.

GFL Environmental Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Wednesday, October 16th were given a $0.014 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date was Wednesday, October 16th. GFL Environmental's dividend payout ratio (DPR) is currently -3.76%.

About GFL Environmental

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.