44,100 Shares in GFL Environmental Inc. (NYSE:GFL) Purchased by Forsta AP Fonden

Forsta AP Fonden bought a new position in GFL Environmental Inc. (NYSE:GFL - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 44,100 shares of the company's stock, valued at approximately $1,761,000.

A number of other hedge funds have also bought and sold shares of GFL. Mount Yale Investment Advisors LLC grew its stake in GFL Environmental by 101.6% during the third quarter. Mount Yale Investment Advisors LLC now owns 55,817 shares of the company's stock valued at $2,226,000 after acquiring an additional 28,135 shares in the last quarter. Spartan Fund Management Inc. purchased a new stake in shares of GFL Environmental in the third quarter worth $60,000. Signaturefd LLC boosted its stake in GFL Environmental by 30.7% during the third quarter. Signaturefd LLC now owns 2,808 shares of the company's stock valued at $112,000 after buying an additional 659 shares during the period. Copeland Capital Management LLC grew its holdings in shares of GFL Environmental by 2.2% during the third quarter. Copeland Capital Management LLC now owns 921,377 shares of the company's stock worth $36,745,000 after purchasing an additional 19,675 shares in the last quarter. Finally, Bleakley Financial Group LLC bought a new stake in GFL Environmental during the third quarter valued at approximately $289,000. 64.70% of the stock is currently owned by hedge funds and other institutional investors.

GFL Environmental Stock Down 0.5 %

Shares of NYSE GFL traded down $0.20 during mid-day trading on Thursday, hitting $41.80. 1,334,692 shares of the stock traded hands, compared to its average volume of 1,214,159. The stock has a fifty day moving average price of $40.79 and a 200-day moving average price of $37.91. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market cap of $15.74 billion, a price-to-earnings ratio of -27.93 and a beta of 1.16. GFL Environmental Inc. has a 52 week low of $26.87 and a 52 week high of $43.79.

GFL Environmental (NYSE:GFL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.01. GFL Environmental had a negative net margin of 8.78% and a positive return on equity of 3.32%. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.51 billion. Research analysts anticipate that GFL Environmental Inc. will post 0.61 EPS for the current year.

GFL Environmental Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th will be paid a dividend of $0.014 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date of this dividend is Wednesday, October 16th. GFL Environmental's dividend payout ratio is -3.33%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Royal Bank of Canada raised their price target 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 lowered their price objective for the stock from $43.00 to $42.00 in a report on Tuesday, July 9th. Raymond James lifted their target price on shares of GFL Environmental from $43.00 to $45.00 and gave the stock an "outperform" rating in a research report on Monday, July 22nd. Finally, Scotiabank assumed coverage on shares of GFL Environmental in a research report on Friday, October 4th. They set a "sector outperform" rating and a $50.00 price target for the company. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $43.56.

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.