422,903 Shares in GFL Environmental Inc. (NYSE:GFL) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in GFL Environmental Inc. (NYSE:GFL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 422,903 shares of the company's stock, valued at approximately $18,836,000. Raymond James Financial Inc. owned approximately 0.11% of GFL Environmental at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GFL. Blue Trust Inc. boosted its holdings in GFL Environmental by 124.9% in the fourth 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 purchased a new position in shares of GFL Environmental in the 4th quarter valued at approximately $27,000. SRH Advisors LLC acquired a new stake in GFL Environmental in the 4th quarter worth approximately $89,000. Steward Partners Investment Advisory LLC boosted its stake in GFL Environmental by 350.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,400 shares of the company's stock worth $107,000 after purchasing an additional 1,867 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its position in GFL Environmental by 6,717.9% during the 4th quarter. Venturi Wealth Management LLC now owns 2,659 shares of the company's stock worth $118,000 after purchasing an additional 2,620 shares during the last quarter. 64.70% of the stock is currently owned by hedge funds and other institutional investors.

GFL Environmental Stock Performance

NYSE:GFL traded down $0.34 during trading hours on Friday, reaching $48.47. The company had a trading volume of 406,097 shares, compared to its average volume of 1,468,943. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.58 and a quick ratio of 0.58. GFL Environmental Inc. has a 1-year low of $30.57 and a 1-year high of $49.45. The business's 50 day moving average price is $46.90 and its 200-day moving average price is $44.97. The firm has a market cap of $19.07 billion, a PE ratio of -36.44 and a beta of 1.09.

GFL Environmental (NYSE:GFL - Get Free Report) last posted its earnings results on Monday, February 24th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. The firm had revenue of $1.42 billion during the quarter, compared to analysts' expectations of $1.98 billion. Research analysts forecast that GFL Environmental Inc. will post 0.58 EPS for the current year.

GFL Environmental Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 14th will be given a dividend of $0.0154 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.13%. This is an increase from GFL Environmental's previous quarterly dividend of $0.01. GFL Environmental's dividend payout ratio is currently -3.87%.

Analyst Ratings Changes

Several equities research analysts have recently commented on GFL shares. Truist Financial lifted their price objective on shares of GFL Environmental from $54.00 to $58.00 and gave the stock a "buy" rating in a research note on Wednesday, April 2nd. Scotiabank boosted their price target on GFL Environmental from $52.00 to $54.00 and gave the company an "outperform" rating in a research note on Tuesday, April 8th. Stifel Nicolaus raised GFL Environmental from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. Citigroup decreased their target price on GFL Environmental from $56.00 to $53.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, National Bankshares reiterated an "outperform" rating on shares of GFL Environmental in a report on Tuesday, March 11th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $52.00.

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.