GFL Environmental (TSE:GFL) Hits New 12-Month High – Here’s What Happened

GFL Environmental Inc. (TSE:GFL)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$64.63 and last traded at C$64.63, with a volume of 6080 shares trading hands. The stock had previously closed at C$63.93.

Wall Street Analysts Forecast Growth

Separately, Scotiabank upgraded GFL Environmental to a “strong-buy” rating in a report on Friday, October 4th.

GFL Environmental Stock Up 0.3 %

The firm has a market capitalization of C$24.41 billion, a price-to-earnings ratio of -31.27, a P/E/G ratio of -0.76 and a beta of 1.03. The business has a 50 day simple moving average of C$57.36 and a 200-day simple moving average of C$53.70. The company has a debt-to-equity ratio of 145.69, a quick ratio of 0.57 and a current ratio of 0.89.

GFL Environmental (TSE:GFL) last issued its earnings results on Wednesday, November 6th. The company reported C$0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.32 by C$0.01. GFL Environmental had a negative return on equity of 9.83% and a negative net margin of 8.83%. The business had revenue of C$2.01 billion during the quarter, compared to the consensus estimate of C$2.06 billion. On average, equities analysts expect that GFL Environmental Inc. will post 1.6870788 EPS for the current year.

GFL Environmental Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 31st were given a $0.019 dividend. This represents a $0.08 annualized dividend and a yield of 0.12%. The ex-dividend date was Wednesday, October 16th. GFL Environmental’s dividend payout ratio is currently -3.90%.

Insider Buying and Selling at GFL Environmental

In other news, Senior Officer Mindy Beth Gilbert sold 7,733 shares of GFL Environmental stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of C$54.86, for a total value of C$424,232.38. Also, Director Patrick Joseph Dovigi sold 600,000 shares of GFL Environmental stock in a transaction dated Friday, September 6th. The shares were sold at an average price of C$53.39, for a total value of C$32,036,634.00. Insiders sold a total of 687,224 shares of company stock valued at $36,805,967 in the last three months. 2.96% of the stock is owned by corporate insiders.

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.