GFL Environmental Inc. $GFL Shares Newly Purchased by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. bought a new position in shares of GFL Environmental Inc. (NYSE:GFL) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 32,495 shares of the company’s stock, valued at approximately $1,361,000.

Several other large investors have also recently bought and sold shares of GFL. Sax Wealth Advisors LLC acquired a new stake in shares of GFL Environmental in the 3rd quarter valued at approximately $735,000. GAMMA Investing LLC increased its holdings in GFL Environmental by 853.7% during the third quarter. GAMMA Investing LLC now owns 1,030 shares of the company’s stock worth $43,000 after buying an additional 922 shares during the last quarter. Versant Capital Management Inc increased its holdings in GFL Environmental by 40.4% during the third quarter. Versant Capital Management Inc now owns 2,527 shares of the company’s stock worth $106,000 after buying an additional 727 shares during the last quarter. Tidal Investments LLC raised its position in GFL Environmental by 15.6% during the second quarter. Tidal Investments LLC now owns 27,465 shares of the company’s stock worth $1,010,000 after acquiring an additional 3,707 shares in the last quarter. Finally, C WorldWide Group Holding A S raised its position in GFL Environmental by 16.2% during the second quarter. C WorldWide Group Holding A S now owns 34,410 shares of the company’s stock worth $1,266,000 after acquiring an additional 4,795 shares in the last quarter. 64.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on GFL shares. JPMorgan Chase & Co. increased their price target on shares of GFL Environmental from $40.00 to $41.00 and gave the company an “underweight” rating in a research note on Thursday, July 16th. Weiss Ratings raised GFL Environmental from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 26th. Barclays assumed coverage on GFL Environmental in a research note on Wednesday, September 2nd. They issued an “overweight” rating and a $58.00 price objective on the stock. Wolfe Research assumed coverage on GFL Environmental in a research report on Tuesday, September 15th. They issued an “outperform” rating and a $77.00 price objective for the company. Finally, Scotiabank reiterated an “outperform” rating on shares of GFL Environmental in a research note on Wednesday, September 2nd. Nine investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $57.67.

GFL Environmental Stock Performance

Shares of NYSE:GFL traded up $0.37 on Tuesday, hitting $42.75. The company had a trading volume of 2,514,525 shares, compared to its average volume of 2,440,801. The stock has a market cap of $15.43 billion, a price-to-earnings ratio of -80.67, a P/E/G ratio of 3.15 and a beta of 0.72. The stock has a 50 day moving average price of $41.97 and a 200 day moving average price of $39.68. GFL Environmental Inc. has a 1-year low of $33.33 and a 1-year high of $47.01. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.34.

GFL Environmental (NYSE:GFL) last posted its earnings results on Wednesday, July 29th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.33 billion. GFL Environmental had a positive return on equity of 4.14% and a negative net margin of 3.28%. The business’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.26 EPS. Analysts expect that GFL Environmental Inc. will post 0.57 EPS for the current year.

GFL Environmental Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, October 14th will be issued a $0.0169 dividend. This represents a $0.07 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, October 14th. GFL Environmental’s dividend payout ratio is currently -13.21%.

GFL Environmental Profile

GFL Environmental Inc is a North American environmental services company that provides waste management and related infrastructure services to municipal, residential, commercial, industrial and institutional customers. The company’s operations include the collection, transfer, processing, recycling and disposal of non-hazardous solid waste.

GFL also provides recycling and organics management services, including the processing of recyclable materials and organic waste. Its environmental services include liquid waste management, soil remediation, infrastructure services and other specialized solutions for industrial and commercial customers.

Founded in 2007, GFL is headquartered in Vaughan, Ontario, and serves communities and customers across Canada and the United States.