Toronto Dominion Bank Has $4.17 Million Position in GFL Environmental Inc. (NYSE:GFL)

Toronto Dominion Bank boosted its stake in GFL Environmental Inc. (NYSE:GFL) by 20.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 104,578 shares of the company’s stock after purchasing an additional 17,493 shares during the quarter. Toronto Dominion Bank’s holdings in GFL Environmental were worth $4,171,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GFL. Envestnet Portfolio Solutions Inc. increased its position in GFL Environmental by 43.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 9,732 shares of the company’s stock valued at $379,000 after buying an additional 2,937 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of GFL Environmental by 51.1% during 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 in the last quarter. Capital Insight Partners LLC lifted its holdings in shares of GFL Environmental by 2.4% in the 2nd quarter. Capital Insight Partners LLC now owns 35,650 shares of the company’s stock worth $1,388,000 after purchasing an additional 820 shares in the last quarter. Schwartz Investment Counsel Inc. lifted its holdings in shares of GFL Environmental by 5.8% in the 2nd quarter. Schwartz Investment Counsel Inc. now owns 210,722 shares of the company’s stock worth $8,203,000 after purchasing an additional 11,600 shares in the last quarter. Finally, Tobam grew its position in GFL Environmental by 139.5% in the 2nd 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 period. 64.70% of the stock is owned by institutional investors.

GFL Environmental Stock Down 1.1 %

GFL stock opened at $44.86 on Friday. The stock has a market cap of $17.65 billion, a P/E ratio of -33.73 and a beta of 1.16. GFL Environmental Inc. has a 1-year low of $30.57 and a 1-year high of $48.87. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.27. The stock’s fifty day simple moving average is $43.58 and its two-hundred day simple moving average is $40.76.

GFL Environmental (NYSE:GFL) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. The business 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%. Analysts expect that GFL Environmental Inc. will post 0.59 EPS for the current year.

GFL Environmental Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors 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 dividend on an annualized basis and a dividend yield of 0.12%. GFL Environmental’s dividend payout ratio (DPR) is presently -3.76%.

Analysts Set New Price Targets

Several research analysts have weighed in on GFL shares. Raymond James upped their price objective on shares of GFL Environmental from $47.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. UBS Group raised their price target 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. Truist Financial boosted their price objective on GFL Environmental from $46.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Scotiabank lifted their target price on GFL Environmental from $50.00 to $51.00 and gave the company a “sector outperform” rating in a research report on Friday, November 8th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $45.80.

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.