GFL Environmental (TSE:GFL) Sets New 1-Year High – Here’s What Happened

GFL Environmental Inc. (TSE:GFL) hit a new 52-week high on Friday . The company traded as high as C$66.64 and last traded at C$66.41, with a volume of 211002 shares trading hands. The stock had previously closed at C$65.65.

Analysts Set New Price Targets

Separately, Scotiabank upgraded GFL Environmental to a “strong-buy” rating in a research report on Friday, October 4th.

GFL Environmental Stock Performance

The company has a quick ratio of 0.57, a current ratio of 0.89 and a debt-to-equity ratio of 145.69. The company has a market cap of C$25.28 billion, a PE ratio of -32.02, a P/E/G ratio of -0.76 and a beta of 1.03. The business’s fifty day moving average is C$58.29 and its 200-day moving average is C$54.34.

GFL Environmental (TSE:GFL) last issued its quarterly earnings data on Wednesday, November 6th. The company reported C$0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.32 by C$0.01. The firm had revenue of C$2.01 billion during the quarter, compared to analysts’ expectations of C$2.06 billion. GFL Environmental had a negative net margin of 8.83% and a negative return on equity of 9.83%. As a group, research analysts predict that GFL Environmental Inc. will post 1.6870788 EPS for the current fiscal year.

GFL Environmental Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 31st were issued a dividend of $0.019 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.11%. The ex-dividend date of this dividend was Wednesday, October 16th. GFL Environmental’s dividend payout ratio is currently -3.90%.

Insider Buying and Selling at GFL Environmental

In other news, Director Patrick Joseph Dovigi sold 600,000 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of C$53.39, for a total value of C$32,036,634.00. Also, Senior Officer Mindy Beth Gilbert sold 6,698 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of C$54.39, for a total transaction of C$364,304.22. Over the last ninety days, insiders have sold 687,224 shares of company stock valued at $36,805,967. 2.96% of the stock is currently owned by insiders.

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.