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

Raymond James Financial Inc. bought a new position in GFL Environmental Inc. (NYSE:GFL) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 422,903 shares of the company’s stock, valued at approximately $18,836,000. Raymond James Financial Inc. owned about 0.11% of GFL Environmental as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Blue Trust Inc. grew its stake 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 in the last quarter. Berbice Capital Management LLC purchased a new stake in shares of GFL Environmental during the 4th quarter valued at $27,000. Continuum Advisory LLC lifted its holdings in shares of GFL Environmental by 60.6% during the 3rd quarter. Continuum Advisory LLC now owns 673 shares of the company’s stock worth $29,000 after acquiring an additional 254 shares during the last quarter. SRH Advisors LLC purchased a new position in GFL Environmental in the fourth quarter worth $89,000. Finally, Avior Wealth Management LLC bought a new position in GFL Environmental in the third quarter valued at $82,000. 64.70% of the stock is owned by hedge funds and other institutional investors.

GFL Environmental Stock Down 0.1 %

NYSE GFL opened at $46.22 on Tuesday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.27. GFL Environmental Inc. has a 12 month low of $30.57 and a 12 month high of $48.87. The stock’s 50 day moving average is $44.80 and its 200 day moving average is $43.53. The stock has a market cap of $18.18 billion, a PE ratio of -34.75 and a beta of 1.16.

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

GFL Environmental Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 13th were paid a $0.014 dividend. The ex-dividend date of this dividend was Monday, January 13th. This represents a $0.06 annualized dividend and a yield of 0.12%. GFL Environmental’s dividend payout ratio (DPR) is -3.23%.

Analyst Ratings Changes

GFL has been the subject of several research reports. Citigroup assumed coverage on shares of GFL Environmental in a report on Monday, January 27th. They issued a “buy” rating and a $53.00 price objective for the company. Scotiabank increased their target price on GFL Environmental from $50.00 to $52.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, March 5th. National Bankshares reaffirmed an “outperform” rating on shares of GFL Environmental in a research note on Tuesday, March 11th. Royal Bank of Canada restated an “outperform” rating and issued a $53.00 price target on shares of GFL Environmental in a research note on Monday, February 24th. Finally, Stifel Nicolaus upgraded GFL Environmental from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, GFL Environmental currently has an average rating of “Moderate Buy” and an average price target of $49.78.

GFL Environmental 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.