Bank of Montreal Can Purchases 312,472 Shares of GFL Environmental Inc. (NYSE:GFL)

Bank of Montreal Can lifted its position in shares of GFL Environmental Inc. (NYSE:GFL) by 35.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,190,903 shares of the company’s stock after acquiring an additional 312,472 shares during the period. Bank of Montreal Can’s holdings in GFL Environmental were worth $46,769,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Brown Brothers Harriman & Co. lifted its holdings 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 acquiring an additional 786,044 shares during the period. Bank of Hawaii lifted its holdings 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 acquiring an additional 9,896 shares during the period. Cerity Partners LLC lifted its holdings in shares of GFL Environmental by 88.5% during the 3rd quarter. Cerity Partners LLC now owns 21,148 shares of the company’s stock worth $843,000 after acquiring an additional 9,930 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of GFL Environmental by 2.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 11,817,626 shares of the company’s stock worth $471,287,000 after acquiring an additional 257,486 shares during the period. Finally, First Horizon Advisors Inc. increased its position in GFL Environmental by 80.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 4,579 shares of the company’s stock worth $183,000 after purchasing an additional 2,044 shares in the last quarter. Institutional investors own 64.70% of the company’s stock.

GFL Environmental Trading Down 0.8 %

Shares of NYSE GFL opened at $46.25 on Thursday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.58 and a current ratio of 0.58. GFL Environmental Inc. has a 52-week low of $26.87 and a 52-week high of $47.11. The firm has a 50 day moving average price of $42.05 and a two-hundred day moving average price of $39.54. The stock has a market cap of $18.19 billion, a P/E ratio of -34.77 and a beta of 1.15.

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

GFL Environmental Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th were given a dividend of $0.014 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.12%. The ex-dividend date of this dividend was Wednesday, October 16th. GFL Environmental’s dividend payout ratio (DPR) is presently -3.76%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on GFL shares. Royal Bank of Canada upped their price objective on shares of GFL Environmental from $46.00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Raymond James upped 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. Scotiabank upped their price objective on shares of GFL Environmental from $50.00 to $51.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 8th. UBS Group upped their price objective on shares of GFL Environmental from $47.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Truist Financial upped their price objective on shares of GFL Environmental from $46.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $45.80.

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.