Venturi Wealth Management LLC Buys 2,620 Shares of GFL Environmental Inc. (NYSE:GFL)

Venturi Wealth Management LLC grew its stake in GFL Environmental Inc. (NYSE:GFL) by 6,717.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,659 shares of the company’s stock after acquiring an additional 2,620 shares during the quarter. Venturi Wealth Management LLC’s holdings in GFL Environmental were worth $118,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of GFL. Creative Planning increased its stake in shares of GFL Environmental by 28.3% in the 3rd quarter. Creative Planning now owns 19,167 shares of the company’s stock valued at $764,000 after acquiring an additional 4,233 shares during the last quarter. Signaturefd LLC increased its stake in GFL Environmental by 30.7% during the 3rd quarter. Signaturefd LLC now owns 2,808 shares of the company’s stock worth $112,000 after purchasing an additional 659 shares in the last quarter. Forsta AP Fonden bought a new stake in GFL Environmental during the 3rd quarter worth approximately $1,761,000. Goldstein Advisors LLC bought a new stake in GFL Environmental during the 3rd quarter worth approximately $245,000. Finally, US Bancorp DE increased its stake in GFL Environmental by 51.5% during the 3rd quarter. US Bancorp DE now owns 2,569 shares of the company’s stock worth $102,000 after purchasing an additional 873 shares in the last quarter. 64.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Scotiabank lowered their target price on GFL Environmental from $51.00 to $50.00 and set a “sector outperform” rating for the company in a research note on Monday, January 27th. Truist Financial increased their target price on GFL Environmental from $46.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Raymond James increased their target price on GFL Environmental from $47.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. UBS Group increased their target price on GFL Environmental from $47.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Citigroup began coverage on GFL Environmental in a research note on Monday, January 27th. They set a “buy” rating and a $53.00 target price for the company. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $49.00.

GFL Environmental Trading Up 0.3 %

NYSE:GFL opened at $46.36 on Friday. GFL Environmental Inc. has a twelve month low of $30.57 and a twelve month high of $48.87. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.27. The business has a 50 day moving average price of $44.44 and a two-hundred day moving average price of $43.02. The company has a market cap of $18.24 billion, a P/E ratio of -34.86 and a beta of 1.17.

GFL Environmental Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 13th were issued a $0.014 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.12%. The ex-dividend date was Monday, January 13th. GFL Environmental’s payout ratio is presently -4.51%.

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.