Avantax Advisory Services Inc. Buys 709 Shares of GFL Environmental Inc. (NYSE:GFL)

Avantax Advisory Services Inc. lifted its position in shares of GFL Environmental Inc. (NYSE:GFL) by 9.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,237 shares of the company’s stock after buying an additional 709 shares during the period. Avantax Advisory Services Inc.’s holdings in GFL Environmental were worth $367,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of GFL. Avior Wealth Management LLC acquired a new stake in shares of GFL Environmental in the third quarter valued at about $82,000. Cerity Partners LLC grew its stake in GFL Environmental by 88.5% in the third quarter. Cerity Partners LLC now owns 21,148 shares of the company’s stock valued at $843,000 after purchasing an additional 9,930 shares in the last quarter. Bank of Hawaii increased its position in shares of GFL Environmental by 49.1% during the 3rd quarter. Bank of Hawaii now owns 30,063 shares of the company’s stock worth $1,199,000 after purchasing an additional 9,896 shares during the last quarter. Brown Brothers Harriman & Co. raised its stake in shares of GFL Environmental by 162.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,271,161 shares of the company’s stock worth $50,694,000 after purchasing an additional 786,044 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of GFL Environmental by 35.6% in the 3rd quarter. Bank of Montreal Can now owns 1,190,903 shares of the company’s stock valued at $46,769,000 after buying an additional 312,472 shares during the last quarter. 64.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on GFL shares. Stifel Nicolaus raised GFL Environmental from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. Citigroup started coverage on GFL Environmental in a report on Monday, January 27th. They set a “buy” rating and a $53.00 price target for the company. National Bankshares reiterated an “outperform” rating on shares of GFL Environmental in a report on Tuesday, March 11th. Royal Bank of Canada restated an “outperform” rating and set a $53.00 target price on shares of GFL Environmental in a research note on Monday, February 24th. Finally, Scotiabank upped their price target on shares of GFL Environmental from $50.00 to $52.00 and gave the company a “sector outperform” rating in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.63.

GFL Environmental Stock Performance

Shares of GFL stock opened at $48.05 on Tuesday. The stock has a market capitalization of $18.90 billion, a PE ratio of -36.13 and a beta of 1.16. The business’s 50 day simple moving average is $45.14 and its 200 day simple moving average is $43.73. 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 one year low of $30.57 and a one year high of $48.87.

GFL Environmental (NYSE:GFL) last released its earnings results on Monday, February 24th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.98 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. As a group, research analysts forecast that GFL Environmental Inc. will post 0.58 earnings per share for the current year.

GFL Environmental Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 13th were issued a dividend of $0.014 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date of this dividend was Monday, January 13th. GFL Environmental’s dividend payout ratio is currently -3.23%.

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.