Goldstein Advisors LLC Grows Position in GFL Environmental Inc. (NYSE:GFL)

Goldstein Advisors LLC lifted its stake in GFL Environmental Inc. (NYSE:GFL) by 20.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,418 shares of the company’s stock after buying an additional 1,278 shares during the quarter. Goldstein Advisors LLC’s holdings in GFL Environmental were worth $330,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of GFL. Continuum Advisory LLC lifted its holdings in shares of GFL Environmental by 60.6% in the third quarter. Continuum Advisory LLC now owns 673 shares of the company’s stock worth $29,000 after buying an additional 254 shares in the last quarter. Spartan Fund Management Inc. purchased a new stake in GFL Environmental during the third quarter valued at $60,000. Avior Wealth Management LLC purchased a new stake in GFL Environmental during the third quarter valued at $82,000. US Bancorp DE raised its stake in GFL Environmental by 51.5% during the third quarter. US Bancorp DE now owns 2,569 shares of the company’s stock valued at $102,000 after purchasing an additional 873 shares in the last quarter. Finally, Signaturefd LLC raised its stake in GFL Environmental by 30.7% during the third quarter. Signaturefd LLC now owns 2,808 shares of the company’s stock valued at $112,000 after purchasing an additional 659 shares in the last quarter. Hedge funds and other institutional investors own 64.70% of the company’s stock.

GFL Environmental Trading Up 0.5 %

GFL stock opened at $41.93 on Thursday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.27. GFL Environmental Inc. has a twelve month low of $30.57 and a twelve month high of $48.87. The stock has a market capitalization of $16.49 billion, a price-to-earnings ratio of -31.52 and a beta of 1.17. The firm’s fifty day simple moving average is $44.83 and its two-hundred day simple moving average is $42.08.

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

GFL Environmental Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 13th will be issued a $0.014 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date is Monday, January 13th. GFL Environmental’s payout ratio is presently -4.51%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Truist Financial upped their price target on shares of GFL Environmental from $46.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Raymond James upped their price target on shares of GFL Environmental from $47.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. UBS Group upped their price target on shares of GFL Environmental from $47.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Scotiabank upped 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. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, GFL Environmental has a consensus rating of “Moderate Buy” and a consensus price target of $47.00.

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.