US Bancorp DE Raises Stake in GFL Environmental Inc. (NYSE:GFL)

US Bancorp DE boosted its position in shares of GFL Environmental Inc. (NYSE:GFL) by 51.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,569 shares of the company’s stock after acquiring an additional 873 shares during the period. US Bancorp DE’s holdings in GFL Environmental were worth $102,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Headlands Technologies LLC acquired a new position in shares of GFL Environmental during the first quarter worth $39,000. Cape Investment Advisory Inc. increased 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 during the last quarter. Fifth Third Bancorp lifted its stake in GFL Environmental by 51.1% during the second quarter. Fifth Third Bancorp now owns 1,358 shares of the company’s stock worth $53,000 after purchasing an additional 459 shares during the last quarter. Spartan Fund Management Inc. acquired a new position in GFL Environmental in the third quarter valued at approximately $60,000. Finally, Tobam increased its stake in GFL Environmental by 139.5% in the second quarter. Tobam now owns 1,751 shares of the company’s stock valued at $68,000 after purchasing an additional 1,020 shares during the last quarter. 64.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on GFL shares. Royal Bank of Canada boosted their price objective on shares of GFL Environmental from $46.00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Scotiabank upped 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. Truist Financial lifted their target price on GFL Environmental from $46.00 to $54.00 and gave the stock a “buy” 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. Finally, Raymond James raised their price target on GFL Environmental from $47.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $45.80.

GFL Environmental Trading Up 1.4 %

Shares of GFL stock opened at $44.00 on Friday. The company has a market capitalization of $16.57 billion, a P/E ratio of -33.08 and a beta of 1.15. The company has a current ratio of 0.58, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27. The business’s 50 day moving average is $41.10 and its two-hundred day moving average is $38.80. GFL Environmental Inc. has a twelve month low of $26.87 and a twelve month high of $46.48.

GFL Environmental (NYSE:GFL) last issued its quarterly 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 firm 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%. Equities analysts forecast that GFL Environmental Inc. will post 0.6 EPS for the current year.

GFL Environmental Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th were paid a dividend of $0.014 per share. The ex-dividend date of this dividend was Wednesday, October 16th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.13%. GFL Environmental’s dividend payout ratio (DPR) is -4.51%.

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.