Shares of GFL Environmental Inc. (NYSE:GFL – Get Free Report) have been given an average recommendation of “Buy” by the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a buy rating. The average 12-month price target among brokers that have issued a report on the stock in the last year is $43.45.
GFL has been the topic of several recent research reports. TD Securities increased their target price on GFL Environmental from $58.00 to $59.00 and gave the stock a “buy” rating in a research report on Thursday, July 20th. Royal Bank of Canada increased their price objective on GFL Environmental from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, October 2nd. TheStreet downgraded GFL Environmental from a “c-” rating to a “d+” rating in a research report on Monday, August 7th. Jefferies Financial Group lowered their price objective on GFL Environmental from $44.00 to $43.00 and set a “buy” rating on the stock in a research report on Monday, October 23rd. Finally, Truist Financial began coverage on GFL Environmental in a research report on Friday, October 20th. They issued a “buy” rating and a $46.00 price objective on the stock.
GFL Environmental Trading Up 6.8 %
GFL Environmental Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Monday, October 16th were given a dividend of $0.013 per share. The ex-dividend date of this dividend was Friday, October 13th. This represents a $0.05 dividend on an annualized basis and a yield of 0.17%. GFL Environmental’s payout ratio is -11.36%.
Institutional Investors Weigh In On GFL Environmental
A number of large investors have recently added to or reduced their stakes in GFL. FMR LLC increased its holdings in shares of GFL Environmental by 49.5% in the first quarter. FMR LLC now owns 25,230,594 shares of the company’s stock worth $869,772,000 after buying an additional 8,355,067 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of GFL Environmental by 55.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 12,543,970 shares of the company’s stock worth $398,396,000 after buying an additional 4,490,164 shares during the period. Morgan Stanley increased its holdings in shares of GFL Environmental by 13.5% in the fourth quarter. Morgan Stanley now owns 8,627,294 shares of the company’s stock worth $252,176,000 after buying an additional 1,023,095 shares during the period. Capital Research Global Investors increased its holdings in shares of GFL Environmental by 227.5% in the second quarter. Capital Research Global Investors now owns 8,141,570 shares of the company’s stock worth $315,893,000 after buying an additional 5,655,796 shares during the period. Finally, Nordea Investment Management AB increased its holdings in shares of GFL Environmental by 4.8% in the third quarter. Nordea Investment Management AB now owns 6,331,453 shares of the company’s stock worth $203,303,000 after buying an additional 290,521 shares during the period. Hedge funds and other institutional investors own 64.70% of the company’s stock.
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.
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