GFL Environmental (NYSE:GFL) Reaches New 52-Week High - Still a Buy?

GFL Environmental Inc. (NYSE:GFL - Get Free Report)'s share price reached a new 52-week high on Tuesday . The stock traded as high as $49.42 and last traded at $49.20, with a volume of 40096 shares. The stock had previously closed at $48.95.

Wall Street Analyst Weigh In

Several research firms have weighed in on GFL. UBS Group increased their target price on shares of GFL Environmental from $50.00 to $57.00 and gave the stock a "buy" rating in a report on Friday, April 4th. Scotiabank boosted their price objective on GFL Environmental from $52.00 to $54.00 and gave the company an "outperform" rating in a research report on Tuesday, April 8th. Citigroup lowered their price objective on shares of GFL Environmental from $56.00 to $53.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Stifel Nicolaus upgraded GFL Environmental from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. Finally, Truist Financial boosted their price target on GFL Environmental from $54.00 to $58.00 and gave the company a "buy" rating in a report on Wednesday, April 2nd. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $52.00.

GFL Environmental Stock Down 0.1 %

The company has a debt-to-equity ratio of 1.27, a current ratio of 0.58 and a quick ratio of 0.58. The firm has a 50-day moving average of $46.76 and a 200 day moving average of $44.75. The stock has a market capitalization of $19.07 billion, a price-to-earnings ratio of -36.46 and a beta of 1.09.

GFL Environmental (NYSE:GFL - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.13 by $0.03. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.98 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. As a group, sell-side analysts forecast that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 14th will be issued a dividend of $0.0154 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.13%. This is a boost from GFL Environmental's previous quarterly dividend of $0.01. GFL Environmental's dividend payout ratio (DPR) is presently -3.87%.

Institutional Trading of GFL Environmental

A number of hedge funds have recently made changes to their positions in the business. Norges Bank bought a new stake in GFL Environmental in the 4th quarter valued at $126,420,000. Capital Research Global Investors boosted its holdings in shares of GFL Environmental by 11.4% during the 4th quarter. Capital Research Global Investors now owns 26,973,784 shares of the company's stock worth $1,201,406,000 after buying an additional 2,751,618 shares during the period. FMR LLC grew its stake in GFL Environmental by 10.0% in the 4th quarter. FMR LLC now owns 27,664,678 shares of the company's stock valued at $1,233,223,000 after buying an additional 2,506,021 shares during the last quarter. Wellington Management Group LLP bought a new position in GFL Environmental in the 4th quarter valued at about $93,343,000. Finally, Cohen & Steers Inc. acquired a new stake in GFL Environmental during the fourth quarter worth approximately $51,505,000. 64.70% of the stock is owned by institutional investors and hedge funds.

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.