Harbor Capital Advisors Inc. Grows Position in GFL Environmental Inc. (NYSE:GFL)

Harbor Capital Advisors Inc. boosted its holdings in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 115.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,566 shares of the company's stock after acquiring an additional 26,542 shares during the period. Harbor Capital Advisors Inc.'s holdings in GFL Environmental were worth $1,977,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of GFL. Headlands Technologies LLC bought a new position in shares of GFL Environmental in the 1st quarter valued at $39,000. Cape Investment Advisory Inc. raised its holdings in shares of GFL Environmental by 325.0% in the 1st quarter. Cape Investment Advisory Inc. now owns 1,275 shares of the company's stock valued at $44,000 after acquiring an additional 975 shares in the last quarter. Fifth Third Bancorp grew its position in GFL Environmental by 51.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,358 shares of the company's stock worth $53,000 after acquiring an additional 459 shares during the last quarter. Spartan Fund Management Inc. bought a new stake in GFL Environmental in the third quarter valued at $60,000. Finally, Tobam grew its position in shares of GFL Environmental by 139.5% in the 2nd quarter. Tobam now owns 1,751 shares of the company's stock worth $68,000 after buying an additional 1,020 shares during the period. Institutional investors own 64.70% of the company's stock.

GFL Environmental Trading Up 1.5 %

NYSE:GFL traded up $0.63 during mid-day trading on Tuesday, hitting $41.99. 1,486,724 shares of the company's stock were exchanged, compared to its average volume of 1,213,142. GFL Environmental Inc. has a fifty-two week low of $26.87 and a fifty-two week high of $43.79. 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 company has a 50 day simple moving average of $40.71 and a 200-day simple moving average of $38.18. The firm has a market capitalization of $15.81 billion, a P/E ratio of -27.99 and a beta of 1.15.

GFL Environmental Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th were given a $0.014 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date of this dividend was Wednesday, October 16th. GFL Environmental's dividend payout ratio is currently -4.00%.

Wall Street Analyst Weigh In

GFL has been the subject of several analyst reports. Scotiabank assumed coverage on shares of GFL Environmental in a report on Friday, October 4th. They issued a "sector outperform" rating and a $50.00 target price for the company. Royal Bank of Canada lifted their target price on GFL Environmental from $46.00 to $48.00 and gave the stock an "outperform" rating in a report on Friday, August 2nd. BMO Capital Markets cut GFL Environmental from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $43.00 to $42.00 in a research report on Tuesday, July 9th. Finally, Raymond James upped their price target 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 analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target 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.