Toronto Dominion Bank Buys 12,933 Shares of GFL Environmental Inc. (NYSE:GFL)

Toronto Dominion Bank grew its stake in shares of GFL Environmental Inc. (NYSE:GFL) by 17.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 87,085 shares of the company’s stock after buying an additional 12,933 shares during the period. Toronto Dominion Bank’s holdings in GFL Environmental were worth $3,390,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of GFL. Squarepoint Ops LLC purchased a new position in GFL Environmental in the 2nd quarter worth approximately $220,000. Fred Alger Management LLC grew its position in GFL Environmental by 7.1% in the second quarter. Fred Alger Management LLC now owns 6,221,767 shares of the company’s stock worth $242,213,000 after acquiring an additional 411,128 shares in the last quarter. Progeny 3 Inc. increased its stake in GFL Environmental by 516.3% in the second quarter. Progeny 3 Inc. now owns 893,300 shares of the company’s stock valued at $34,776,000 after acquiring an additional 748,350 shares during the last quarter. Marshall Wace LLP increased its stake in GFL Environmental by 26.1% in the second quarter. Marshall Wace LLP now owns 2,476,752 shares of the company’s stock valued at $96,420,000 after acquiring an additional 512,735 shares during the last quarter. Finally, Bank of Montreal Can raised its position in GFL Environmental by 4.3% during the second quarter. Bank of Montreal Can now owns 878,431 shares of the company’s stock valued at $34,306,000 after purchasing an additional 36,584 shares in the last quarter. Institutional investors own 64.70% of the company’s stock.

GFL Environmental Trading Down 0.4 %

NYSE GFL opened at $39.32 on Monday. The stock has a market cap of $14.80 billion, a P/E ratio of 81.41 and a beta of 1.16. GFL Environmental Inc. has a fifty-two week low of $26.87 and a fifty-two week high of $43.79. The stock has a 50 day simple moving average of $40.38 and a two-hundred day simple moving average of $36.93. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.89 and a current ratio of 0.89.

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

GFL Environmental Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on GFL shares. Royal Bank of Canada increased their price objective on GFL Environmental from $46.00 to $48.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Raymond James boosted their price objective on shares of GFL Environmental from $43.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, July 22nd. Finally, BMO Capital Markets cut shares of GFL Environmental from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $43.00 to $42.00 in a research report on Tuesday, July 9th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $42.64.

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.