Mount Yale Investment Advisors LLC Purchases 28,135 Shares of GFL Environmental Inc. (NYSE:GFL)

Mount Yale Investment Advisors LLC boosted its position in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 101.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 55,817 shares of the company's stock after purchasing an additional 28,135 shares during the quarter. Mount Yale Investment Advisors LLC's holdings in GFL Environmental were worth $2,226,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in GFL. Spartan Fund Management Inc. acquired a new position in shares of GFL Environmental in the 3rd quarter valued at $60,000. Signaturefd LLC increased its holdings in GFL Environmental by 30.7% in the third quarter. Signaturefd LLC now owns 2,808 shares of the company's stock valued at $112,000 after purchasing an additional 659 shares during the last quarter. Copeland Capital Management LLC lifted its stake in GFL Environmental by 2.2% in the third quarter. Copeland Capital Management LLC now owns 921,377 shares of the company's stock valued at $36,745,000 after buying an additional 19,675 shares during the period. Bleakley Financial Group LLC bought a new position in GFL Environmental during the third quarter worth about $289,000. Finally, Seven Grand Managers LLC acquired a new position in shares of GFL Environmental during the 3rd quarter worth about $1,994,000. 64.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GFL. BMO Capital Markets cut shares of GFL Environmental from an "outperform" rating to a "market perform" rating and decreased their price objective for the company from $43.00 to $42.00 in a report on Tuesday, July 9th. Scotiabank began coverage on shares of GFL Environmental in a report on Friday, October 4th. They issued a "sector outperform" rating and a $50.00 price target for the company. Royal Bank of Canada raised their price objective on GFL Environmental from $46.00 to $48.00 and gave the stock an "outperform" rating in a research note on Friday, August 2nd. Finally, Raymond James boosted their target price on GFL Environmental from $43.00 to $45.00 and gave the company an "outperform" rating in a research note on Monday, July 22nd. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, GFL Environmental currently has a consensus rating of "Moderate Buy" and an average price target of $43.56.

GFL Environmental Stock Down 2.3 %

Shares of GFL stock traded down $0.96 on Friday, hitting $40.06. 1,158,254 shares of the stock were exchanged, compared to its average volume of 1,214,817. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $15.08 billion, a P/E ratio of -27.43 and a beta of 1.16. GFL Environmental Inc. has a fifty-two week low of $26.87 and a fifty-two week high of $43.79. The business has a 50-day moving average of $40.85 and a 200 day moving average of $37.72.

GFL Environmental (NYSE:GFL - Get Free Report) last released its earnings results on Wednesday, July 31st. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.20 by $0.01. The firm had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.51 billion. GFL Environmental had a positive return on equity of 3.32% and a negative net margin of 8.78%. Equities analysts anticipate that GFL Environmental Inc. will post 0.62 EPS for the current year.

GFL Environmental Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th will be paid a $0.014 dividend. The ex-dividend date of this dividend is Wednesday, October 16th. This represents a $0.06 annualized dividend and a yield of 0.14%. GFL Environmental's payout ratio is currently -3.33%.

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.