Continuum Advisory LLC Purchases 254 Shares of GFL Environmental Inc. (NYSE:GFL)

Continuum Advisory LLC lifted its holdings in shares of GFL Environmental Inc. (NYSE:GFL) by 60.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 673 shares of the company’s stock after acquiring an additional 254 shares during the period. Continuum Advisory LLC’s holdings in GFL Environmental were worth $29,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Truist Financial Corp grew its position in shares of GFL Environmental by 1.8% during the 2nd quarter. Truist Financial Corp now owns 15,463 shares of the company’s stock worth $602,000 after buying an additional 268 shares during the period. Signaturefd LLC increased its position in shares of GFL Environmental by 23.5% in the 2nd quarter. Signaturefd LLC now owns 2,149 shares of the company’s stock valued at $84,000 after buying an additional 409 shares in the last quarter. Fifth Third Bancorp raised its stake in GFL Environmental by 51.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,358 shares of the company’s stock worth $53,000 after buying an additional 459 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in GFL Environmental by 3.2% during the second quarter. DekaBank Deutsche Girozentrale now owns 21,597 shares of the company’s stock worth $838,000 after acquiring an additional 664 shares in the last quarter. Finally, Capital Insight Partners LLC grew its stake in GFL Environmental by 2.4% in the second quarter. Capital Insight Partners LLC now owns 35,650 shares of the company’s stock valued at $1,388,000 after acquiring an additional 820 shares during the period. Institutional investors own 64.70% of the company’s stock.

Analysts Set New Price Targets

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

GFL Environmental Trading Down 0.3 %

GFL Environmental stock opened at $45.35 on Friday. The company has a market cap of $17.84 billion, a price-to-earnings ratio of -34.10 and a beta of 1.16. The firm has a 50-day moving average of $43.49 and a 200-day moving average of $40.60. 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 $30.12 and a one year high of $48.87.

GFL Environmental (NYSE:GFL) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.23 by $0.01. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.49 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. On average, equities analysts expect that GFL Environmental Inc. will post 0.59 earnings per share for the current fiscal year.

GFL Environmental Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Wednesday, October 16th were issued a dividend of $0.014 per share. The ex-dividend date of this dividend was Wednesday, October 16th. This represents a $0.06 dividend on an annualized basis and a yield of 0.12%. GFL Environmental’s payout ratio is -3.76%.

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.