Bleakley Financial Group LLC Acquires 718 Shares of GFL Environmental Inc. (NYSE:GFL)

Bleakley Financial Group LLC boosted its holdings in GFL Environmental Inc. (NYSE:GFL) by 9.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,954 shares of the company’s stock after buying an additional 718 shares during the period. Bleakley Financial Group LLC’s holdings in GFL Environmental were worth $354,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Continuum Advisory LLC increased its position in GFL Environmental by 60.6% in the 3rd quarter. Continuum Advisory LLC now owns 673 shares of the company’s stock worth $29,000 after buying an additional 254 shares during the period. Truist Financial Corp increased its position in GFL Environmental by 1.8% in the 2nd quarter. Truist Financial Corp now owns 15,463 shares of the company’s stock worth $602,000 after buying an additional 268 shares during the period. Blue Trust Inc. increased its position in GFL Environmental by 124.9% in the 4th quarter. Blue Trust Inc. now owns 551 shares of the company’s stock worth $25,000 after buying an additional 306 shares during the period. Berbice Capital Management LLC acquired a new stake in shares of GFL Environmental during the 4th quarter worth approximately $27,000. Finally, Signaturefd LLC grew its holdings in shares of GFL Environmental by 30.7% during the 3rd quarter. Signaturefd LLC now owns 2,808 shares of the company’s stock worth $112,000 after purchasing an additional 659 shares in the last quarter. 64.70% of the stock is owned by institutional investors.

GFL Environmental Price Performance

GFL Environmental stock opened at $46.28 on Wednesday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a market cap of $18.21 billion, a P/E ratio of -34.80 and a beta of 1.17. The business’s fifty day moving average is $44.38 and its two-hundred day moving average is $42.58. GFL Environmental Inc. has a 52 week low of $30.57 and a 52 week high of $48.87.

GFL Environmental Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 13th were paid a $0.014 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date of this dividend was Monday, January 13th. GFL Environmental’s dividend payout ratio is currently -4.51%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on GFL. Scotiabank decreased their price objective on GFL Environmental from $51.00 to $50.00 and set a “sector outperform” rating on the stock in a report on Monday, January 27th. Raymond James lifted their price objective on GFL Environmental from $47.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. UBS Group lifted their price objective on GFL Environmental from $47.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Citigroup began coverage on GFL Environmental in a report on Monday, January 27th. They set a “buy” rating and a $53.00 price objective on the stock. Finally, Truist Financial lifted their price objective on GFL Environmental from $46.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, November 8th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $49.00.

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.