TD Asset Management Inc Acquires 115,694 Shares of GFL Environmental Inc. (NYSE:GFL)

TD Asset Management Inc lifted its position in GFL Environmental Inc. (NYSE:GFL - Free Report) by 15.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 854,581 shares of the company's stock after buying an additional 115,694 shares during the period. TD Asset Management Inc owned approximately 0.23% of GFL Environmental worth $33,275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Tobam bought a new position in GFL Environmental in the first quarter worth approximately $25,000. Headlands Technologies LLC bought a new position in GFL Environmental in the 1st quarter worth $39,000. Cape Investment Advisory Inc. lifted its position in GFL Environmental by 325.0% during the first quarter. Cape Investment Advisory Inc. now owns 1,275 shares of the company's stock valued at $44,000 after purchasing an additional 975 shares in the last quarter. Fifth Third Bancorp lifted its position 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 in the last quarter. Finally, Central Pacific Bank Trust Division bought a new stake in GFL Environmental during the first quarter valued at about $69,000. Institutional investors own 64.70% of the company's stock.

Analyst Upgrades and Downgrades

GFL has been the topic of a number of analyst reports. Royal Bank of Canada lifted their price objective on GFL Environmental from $46.00 to $48.00 and gave the company an "outperform" rating in a research report on Friday, August 2nd. BMO Capital Markets lowered shares of GFL Environmental from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from $43.00 to $42.00 in a research report on Tuesday, July 9th. Finally, Raymond James raised their price objective on shares of GFL Environmental from $43.00 to $45.00 and gave the company an "outperform" rating in a research report on Monday, July 22nd. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, GFL Environmental has an average rating of "Moderate Buy" and a consensus target price of $42.64.

GFL Environmental Price Performance

Shares of GFL Environmental stock traded down $0.86 during trading on Friday, reaching $39.83. 3,677,550 shares of the stock traded hands, compared to its average volume of 1,222,841. GFL Environmental Inc. has a 52-week low of $26.87 and a 52-week high of $43.79. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.89 and a quick ratio of 0.89. The business has a fifty day simple moving average of $40.08 and a two-hundred day simple moving average of $36.45. The company has a market capitalization of $14.99 billion, a price-to-earnings ratio of 38.67 and a beta of 1.16.

GFL Environmental (NYSE:GFL - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.01. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.51 billion. GFL Environmental had a positive return on equity of 3.32% and a negative net margin of 8.78%. Sell-side analysts expect that GFL Environmental Inc. will post 0.62 EPS for the current year.

GFL Environmental Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th were given a dividend of $0.014 per share. The ex-dividend date was Monday, July 15th. This represents a $0.06 annualized dividend and a yield of 0.14%. GFL Environmental's dividend payout ratio (DPR) is currently 4.85%.

GFL Environmental 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.