Goldstein Advisors LLC Buys 1,278 Shares of GFL Environmental Inc. (NYSE:GFL)

Goldstein Advisors LLC lifted its stake in GFL Environmental Inc. (NYSE:GFL) by 20.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,418 shares of the company’s stock after acquiring an additional 1,278 shares during the quarter. Goldstein Advisors LLC’s holdings in GFL Environmental were worth $330,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Seven Grand Managers LLC bought a new stake in shares of GFL Environmental in the third quarter worth approximately $1,994,000. Harbor Capital Advisors Inc. grew its stake in shares of GFL Environmental by 115.3% in the third quarter. Harbor Capital Advisors Inc. now owns 49,566 shares of the company’s stock worth $1,977,000 after acquiring an additional 26,542 shares during the period. FMR LLC grew its stake in shares of GFL Environmental by 7.4% in the third quarter. FMR LLC now owns 25,158,657 shares of the company’s stock worth $1,003,591,000 after acquiring an additional 1,728,598 shares during the period. Copeland Capital Management LLC grew its stake in shares of GFL Environmental by 2.2% in the third quarter. Copeland Capital Management LLC now owns 921,377 shares of the company’s stock worth $36,745,000 after acquiring an additional 19,675 shares during the period. Finally, Forsta AP Fonden bought a new stake in shares of GFL Environmental in the third quarter worth approximately $1,761,000. 64.70% of the stock is currently owned by institutional investors.

GFL Environmental Price Performance

Shares of NYSE:GFL opened at $41.93 on Thursday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.58 and a quick ratio of 0.58. GFL Environmental Inc. has a 1-year low of $30.57 and a 1-year high of $48.87. The company has a market capitalization of $16.49 billion, a P/E ratio of -31.52 and a beta of 1.17. The firm’s 50 day simple moving average is $44.83 and its two-hundred day simple moving average is $42.08.

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 the consensus estimate of $0.23 by $0.01. GFL Environmental had a negative net margin of 7.54% and a positive return on equity of 3.50%. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.49 billion. Research analysts expect that GFL Environmental Inc. will post 0.59 EPS for the current fiscal year.

GFL Environmental Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 13th will be issued a $0.014 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.13%. The ex-dividend date is Monday, January 13th. GFL Environmental’s dividend payout ratio (DPR) is presently -4.51%.

Analysts Set New Price Targets

GFL has been the subject of several recent research reports. Raymond James boosted their target price on shares of GFL Environmental from $47.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Truist Financial boosted their target price on shares of GFL Environmental from $46.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Scotiabank boosted their target price on shares of GFL Environmental from $50.00 to $51.00 and gave the company a “sector outperform” rating in a research report on Friday, November 8th. Finally, UBS Group boosted their target price 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. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $47.00.

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.