Walleye Trading LLC acquired a new stake in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 15,206 shares of the company's stock, valued at approximately $606,000.
Other institutional investors have also recently made changes to their positions in the company. Fifth Third Bancorp raised its stake in GFL Environmental by 51.1% in the second quarter. Fifth Third Bancorp now owns 1,358 shares of the company's stock valued at $53,000 after buying an additional 459 shares during the last quarter. Spartan Fund Management Inc. acquired a new stake in GFL Environmental in the 3rd quarter worth approximately $60,000. Tobam grew its position in GFL Environmental by 139.5% during the 2nd quarter. Tobam now owns 1,751 shares of the company's stock worth $68,000 after purchasing an additional 1,020 shares during the last quarter. Avior Wealth Management LLC acquired a new position in GFL Environmental during the 3rd quarter valued at approximately $82,000. Finally, Signaturefd LLC raised its holdings in shares of GFL Environmental by 23.5% in the second quarter. Signaturefd LLC now owns 2,149 shares of the company's stock worth $84,000 after buying an additional 409 shares during the last quarter. Institutional investors and hedge funds own 64.70% of the company's stock.
Analyst Ratings Changes
GFL has been the topic of several research reports. Raymond James upped their target price on GFL Environmental from $47.00 to $50.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. UBS Group upped their target price on GFL Environmental from $47.00 to $50.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Truist Financial raised their price target on shares of GFL Environmental from $46.00 to $54.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Finally, Scotiabank lifted their price objective on shares of GFL Environmental from $50.00 to $51.00 and gave the company a "sector outperform" rating in a research note on Friday, November 8th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $45.80.
Read Our Latest Research Report on GFL Environmental
GFL Environmental Stock Down 0.5 %
GFL stock traded down $0.24 during midday trading on Thursday, hitting $46.61. 237,864 shares of the stock traded hands, compared to its average volume of 1,202,195. The stock's fifty day simple moving average is $42.75 and its 200-day simple moving average is $40.06. GFL Environmental Inc. has a 1-year low of $28.21 and a 1-year high of $47.43. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.27.
GFL Environmental (NYSE:GFL - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.01. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. As a group, analysts anticipate that GFL Environmental Inc. will post 0.59 earnings per share for the current fiscal year.
GFL Environmental Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th were given a $0.014 dividend. The ex-dividend date was Wednesday, October 16th. This represents a $0.06 annualized dividend and a dividend yield of 0.12%. GFL Environmental's dividend payout ratio (DPR) is presently -4.51%.
GFL Environmental Company Profile
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Free Report)
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.
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