GFL Environmental Sees Unusually Large Options Volume (NYSE:GFL)

GFL Environmental Inc. (NYSE:GFL - Get Free Report) saw some unusual options trading on Wednesday. Stock traders acquired 4,694 call options on the company. This is an increase of approximately 463% compared to the typical volume of 834 call options.

GFL Environmental Trading Down 0.4 %

Shares of NYSE GFL traded down $0.21 during midday trading on Friday, hitting $47.87. 715,454 shares of the company traded hands, compared to its average volume of 1,328,754. GFL Environmental has a 12-month low of $30.57 and a 12-month high of $48.87. The firm has a market cap of $18.83 billion, a P/E ratio of -35.99 and a beta of 1.16. The stock has a 50-day moving average price of $45.06 and a 200 day moving average price of $43.68. 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 - Get Free Report) last posted its earnings results on Monday, February 24th. The company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.03. The firm had revenue of $1.42 billion for 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, analysts expect that GFL Environmental will post 0.58 earnings per share for the current year.

GFL Environmental Announces Dividend

The company also recently disclosed 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 was Monday, January 13th. This represents a $0.06 dividend on an annualized basis and a yield of 0.12%. GFL Environmental's dividend payout ratio (DPR) is -3.23%.

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Hedge Funds Weigh In On GFL Environmental

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. increased its stake in shares of 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 acquiring an additional 306 shares in the last quarter. Berbice Capital Management LLC bought a new position in shares of GFL Environmental during the fourth quarter valued at approximately $27,000. Continuum Advisory LLC lifted its holdings in shares of GFL Environmental by 60.6% during the third quarter. Continuum Advisory LLC now owns 673 shares of the company's stock valued at $29,000 after purchasing an additional 254 shares during the last quarter. Natixis bought a new stake in shares of GFL Environmental in the 4th quarter worth approximately $49,000. Finally, Avior Wealth Management LLC purchased a new stake in shares of GFL Environmental in the 3rd quarter worth approximately $82,000. Hedge funds and other institutional investors own 64.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $53.00 price target on shares of GFL Environmental in a research note on Monday, February 24th. Scotiabank lifted their target price on shares of GFL Environmental from $50.00 to $52.00 and gave the stock a "sector outperform" rating in a research note on Wednesday, March 5th. National Bankshares reissued an "outperform" rating on shares of GFL Environmental in a research report on Tuesday, March 11th. Stifel Nicolaus upgraded shares of GFL Environmental from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. Finally, Citigroup began coverage on shares of GFL Environmental in a research note on Monday, January 27th. They set a "buy" rating and a $53.00 price objective for the company. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $49.63.

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.