GFL Environmental Inc. (NYSE:GFL) Shares Sold by Raymond James Trust N.A.

Raymond James Trust N.A. lessened its holdings in GFL Environmental Inc. (NYSE:GFL) by 54.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,228 shares of the company’s stock after selling 12,176 shares during the quarter. Raymond James Trust N.A.’s holdings in GFL Environmental were worth $408,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Cape Investment Advisory Inc. boosted 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 buying an additional 975 shares during the period. Fifth Third Bancorp boosted its stake in GFL Environmental by 51.1% in the second quarter. Fifth Third Bancorp now owns 1,358 shares of the company’s stock valued at $53,000 after acquiring an additional 459 shares during the period. Spartan Fund Management Inc. acquired a new position in GFL Environmental in the third quarter valued at approximately $60,000. Tobam grew its holdings in shares of GFL Environmental by 139.5% during 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. Finally, Avior Wealth Management LLC acquired a new stake in shares of GFL Environmental during the 3rd quarter worth approximately $82,000. Institutional investors own 64.70% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on GFL shares. Raymond James upped their price objective on GFL Environmental from $47.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Scotiabank upped their price target on shares of GFL Environmental from $50.00 to $51.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 8th. UBS Group lifted their price objective on shares of GFL Environmental from $47.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Royal Bank of Canada upped their target price 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. Finally, Truist Financial lifted their price target on GFL Environmental from $46.00 to $54.00 and gave the company a “buy” rating in a report on Friday, November 8th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, GFL Environmental presently has a consensus rating of “Moderate Buy” and an average target price of $45.80.

GFL Environmental Trading Down 0.4 %

Shares of GFL Environmental stock opened at $46.60 on Wednesday. The business has a fifty day simple moving average of $41.91 and a 200-day simple moving average of $39.49. The firm has a market cap of $18.33 billion, a price-to-earnings ratio of -35.04 and a beta of 1.15. GFL Environmental Inc. has a fifty-two week low of $26.87 and a fifty-two week high of $47.11. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.27.

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, beating analysts’ consensus estimates of $0.23 by $0.01. The company had revenue of $1.48 billion during 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%. On average, equities analysts forecast that GFL Environmental Inc. will post 0.59 EPS for the current fiscal year.

GFL Environmental Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th were issued a $0.014 dividend. The ex-dividend date was Wednesday, October 16th. This represents a $0.06 annualized dividend and a dividend yield of 0.12%. 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.