GFL Environmental Inc. (NYSE:GFL) Shares Purchased by Atria Investments Inc

Atria Investments Inc boosted its holdings in shares of GFL Environmental Inc. (NYSE:GFL) by 11.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 15,400 shares of the company’s stock after purchasing an additional 1,567 shares during the period. Atria Investments Inc’s holdings in GFL Environmental were worth $614,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of GFL. Cape Investment Advisory Inc. increased its position in 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 period. Fifth Third Bancorp increased its stake in GFL Environmental by 51.1% in the 2nd 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 period. Spartan Fund Management Inc. purchased a new stake in shares of GFL Environmental in the third quarter valued at about $60,000. Tobam increased its stake in shares of GFL Environmental by 139.5% during the second quarter. Tobam now owns 1,751 shares of the company’s stock worth $68,000 after acquiring an additional 1,020 shares during the period. Finally, Signaturefd LLC raised its holdings in GFL Environmental by 23.5% during the second quarter. Signaturefd LLC now owns 2,149 shares of the company’s stock worth $84,000 after purchasing an additional 409 shares in the last quarter. 64.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Raymond James boosted their target price on GFL Environmental from $47.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Scotiabank boosted their price objective on shares of GFL Environmental from $50.00 to $51.00 and gave the stock a “sector outperform” rating in a report on Friday, November 8th. Truist Financial lifted their price target on shares of GFL Environmental from $46.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, November 8th. UBS Group raised their price objective on GFL Environmental from $47.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Royal Bank of Canada boosted their target price on GFL Environmental from $46.00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, GFL Environmental has an average rating of “Moderate Buy” and an average target price of $45.80.

GFL Environmental Trading Up 1.2 %

Shares of GFL stock opened at $45.59 on Wednesday. The company has a market capitalization of $17.17 billion, a price-to-earnings ratio of -34.28 and a beta of 1.15. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.27. The firm has a 50-day moving average price of $41.32 and a 200 day moving average price of $39.02. GFL Environmental Inc. has a twelve month low of $26.87 and a twelve month high of $46.48.

GFL Environmental (NYSE:GFL) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.01. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.49 billion. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. Research analysts forecast that GFL Environmental Inc. will post 0.6 earnings per share for the current fiscal year.

GFL Environmental Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th were given a $0.014 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date was Wednesday, October 16th. GFL Environmental’s dividend payout ratio is currently -4.51%.

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.