2,300 Shares in GFL Environmental Inc. (NYSE:GFL) Purchased by Andra AP fonden

Andra AP fonden acquired a new stake in shares of GFL Environmental Inc. (NYSE:GFL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,300 shares of the company’s stock, valued at approximately $90,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Harbert Fund Advisors Inc. purchased a new stake in shares of GFL Environmental during the 4th quarter valued at approximately $1,329,000. Vanguard Group Inc. lifted its position in shares of GFL Environmental by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 7,231,470 shares of the company’s stock worth $249,558,000 after acquiring an additional 77,156 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in shares of GFL Environmental by 13.2% in the fourth quarter. CIBC Asset Management Inc now owns 2,520,450 shares of the company’s stock worth $87,225,000 after acquiring an additional 294,432 shares during the period. 1832 Asset Management L.P. boosted its holdings in shares of GFL Environmental by 27.6% in the fourth quarter. 1832 Asset Management L.P. now owns 804,540 shares of the company’s stock worth $27,765,000 after acquiring an additional 173,800 shares during the period. Finally, Toronto Dominion Bank grew its position in shares of GFL Environmental by 33.8% in the first quarter. Toronto Dominion Bank now owns 74,152 shares of the company’s stock valued at $2,558,000 after purchasing an additional 18,742 shares in the last quarter. Institutional investors own 64.70% of the company’s stock.

GFL Environmental Price Performance

Shares of NYSE:GFL opened at $40.27 on Friday. GFL Environmental Inc. has a one year low of $26.87 and a one year high of $43.79. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market capitalization of $15.16 billion, a price-to-earnings ratio of 83.04 and a beta of 1.16. The company’s fifty day moving average price is $40.18 and its 200-day moving average price is $36.57.

GFL Environmental (NYSE:GFL) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. GFL Environmental had a positive return on equity of 3.32% and a negative net margin of 8.78%. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.51 billion. On average, equities research analysts anticipate that GFL Environmental Inc. will post 0.62 earnings per share for the current fiscal year.

GFL Environmental Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, July 15th were given a $0.014 dividend. The ex-dividend date of this dividend was Monday, July 15th. This represents a $0.06 dividend on an annualized basis and a yield of 0.14%.

Analyst Ratings Changes

GFL has been the subject of several analyst reports. Raymond James raised their target price on GFL Environmental from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. BMO Capital Markets cut shares of GFL Environmental from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $43.00 to $42.00 in a research note on Tuesday, July 9th. Finally, Royal Bank of Canada raised their price target on shares of GFL Environmental from $46.00 to $48.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $42.64.

GFL Environmental 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.