GFL Environmental (NYSE:GFL) Sees Large Volume Increase

GFL Environmental Inc. (NYSE:GFLGet Rating) shares saw an uptick in trading volume on Friday . 131,243 shares traded hands during mid-day trading, a decline of 89% from the previous session’s volume of 1,184,453 shares.The stock last traded at $28.00 and had previously closed at $27.02.

Analysts Set New Price Targets

Several brokerages have weighed in on GFL. TD Securities lifted their price objective on shares of GFL Environmental from C$48.00 to C$51.00 in a research note on Friday, November 4th. Bank of America raised shares of GFL Environmental from a “neutral” rating to a “buy” rating and decreased their target price for the company from $34.00 to $32.50 in a report on Friday, October 21st. The Goldman Sachs Group decreased their target price on shares of GFL Environmental from $45.00 to $39.00 and set a “buy” rating on the stock in a report on Friday, October 14th. Bank Of America (Bofa) raised shares of GFL Environmental to a “buy” rating in a report on Friday, October 21st. Finally, National Bank Financial decreased their target price on shares of GFL Environmental from C$53.00 to C$47.00 in a report on Thursday, October 20th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, GFL Environmental has a consensus rating of “Buy” and an average price target of $42.81.

GFL Environmental Stock Up 4.6 %

The company has a market capitalization of $9.56 billion, a P/E ratio of -55.43 and a beta of 1.24. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.64 and a current ratio of 0.64. The firm’s fifty day moving average is $26.69 and its 200-day moving average is $27.59.

GFL Environmental Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Monday, October 17th were issued a dividend of $0.012 per share. This represents a $0.05 annualized dividend and a dividend yield of 0.17%. The ex-dividend date was Friday, October 14th. GFL Environmental’s dividend payout ratio (DPR) is presently -9.80%.

Institutional Investors Weigh In On GFL Environmental

Institutional investors have recently added to or reduced their stakes in the business. Elequin Capital LP bought a new stake in GFL Environmental during the 1st quarter worth approximately $44,000. Assetmark Inc. grew its holdings in GFL Environmental by 129.6% during the 3rd quarter. Assetmark Inc. now owns 2,089 shares of the company’s stock worth $53,000 after acquiring an additional 1,179 shares during the last quarter. NN Investment Partners Holdings N.V. bought a new stake in GFL Environmental during the 1st quarter worth approximately $75,000. Allianz Asset Management GmbH bought a new stake in GFL Environmental during the 1st quarter worth approximately $119,000. Finally, Citigroup Inc. grew its holdings in GFL Environmental by 718.0% during the 1st quarter. Citigroup Inc. now owns 3,918 shares of the company’s stock worth $128,000 after acquiring an additional 3,439 shares during the last quarter. 62.35% of the stock is owned by institutional investors.

GFL Environmental Company Profile

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GFL Environmental Inc operates as a diversified environmental services company in Canada and the United States. The company offers non-hazardous solid waste management, infrastructure and soil remediation, and liquid waste management services. Its solid waste management business line includes the collection, transportation, transfer, recycling, and disposal of non-hazardous solid waste for municipal, residential, and commercial and industrial customers.

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