Toronto Dominion Bank Acquires 17,493 Shares of GFL Environmental Inc. (NYSE:GFL)

Toronto Dominion Bank raised its holdings in GFL Environmental Inc. (NYSE:GFL) by 20.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 104,578 shares of the company’s stock after acquiring an additional 17,493 shares during the period. Toronto Dominion Bank’s holdings in GFL Environmental were worth $4,171,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Continuum Advisory LLC grew its stake in GFL Environmental by 60.6% in the 3rd quarter. Continuum Advisory LLC now owns 673 shares of the company’s stock valued at $29,000 after buying an additional 254 shares in the last quarter. Fifth Third Bancorp grew its position in shares of GFL Environmental by 51.1% in the second quarter. Fifth Third Bancorp now owns 1,358 shares of the company’s stock valued at $53,000 after purchasing an additional 459 shares in the last quarter. Spartan Fund Management Inc. bought a new stake in shares of GFL Environmental during the 3rd quarter valued at $60,000. Tobam lifted its holdings in GFL Environmental by 139.5% during the 2nd quarter. Tobam now owns 1,751 shares of the company’s stock worth $68,000 after purchasing an additional 1,020 shares in the last quarter. Finally, Avior Wealth Management LLC bought a new position in GFL Environmental in the 3rd quarter worth about $82,000. Institutional investors own 64.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Scotiabank upped their price target on GFL Environmental from $50.00 to $51.00 and gave the company a “sector outperform” rating in a research report on Friday, November 8th. Raymond James upped their target price on shares of GFL Environmental from $47.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. UBS Group raised their price target on shares of GFL Environmental from $47.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Truist Financial upped their price target on shares of GFL Environmental from $46.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $45.80.

GFL Environmental Stock Performance

NYSE GFL opened at $44.86 on Friday. The company has a market capitalization of $17.65 billion, a P/E ratio of -33.73 and a beta of 1.16. 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 $30.57 and a 52-week high of $48.87. The company has a fifty day moving average of $43.58 and a 200-day moving average of $40.76.

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

GFL Environmental Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th were given 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 was Wednesday, October 16th. GFL Environmental’s payout ratio is currently -3.76%.

GFL Environmental 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.