GFL Environmental Inc. (NYSE:GFL) Shares Sold by FDx Advisors Inc.

FDx Advisors Inc. decreased its stake in shares of GFL Environmental Inc. (NYSE:GFL) by 16.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,881 shares of the company’s stock after selling 1,901 shares during the period. FDx Advisors Inc.’s holdings in GFL Environmental were worth $477,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Bessemer Group Inc. acquired a new position in shares of GFL Environmental in the 1st quarter worth approximately $28,000. Natixis acquired a new position in shares of GFL Environmental in the 4th quarter worth approximately $49,000. Harbor Investment Advisory LLC acquired a new position in shares of GFL Environmental in the first quarter worth about $53,000. Versant Capital Management Inc boosted its holdings in shares of GFL Environmental by 3,470.3% in the first quarter. Versant Capital Management Inc now owns 1,321 shares of the company’s stock worth $64,000 after buying an additional 1,284 shares during the period. Finally, Fifth Third Bancorp boosted its holdings in shares of GFL Environmental by 81.9% in the first quarter. Fifth Third Bancorp now owns 1,643 shares of the company’s stock worth $79,000 after buying an additional 740 shares during the period. Institutional investors and hedge funds own 64.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Raymond James Financial reiterated an “outperform” rating and issued a $57.00 target price (up from $56.00) on shares of GFL Environmental in a report on Friday, May 2nd. Royal Bank Of Canada raised their price target on shares of GFL Environmental from $53.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday, May 5th. Seaport Res Ptn upgraded shares of GFL Environmental to a “strong-buy” rating in a report on Tuesday, May 6th. UBS Group raised their price target on shares of GFL Environmental from $50.00 to $57.00 and gave the stock a “buy” rating in a report on Friday, April 4th. Finally, Citigroup raised their price target on shares of GFL Environmental from $53.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday, May 22nd. One analyst has rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $56.29.

GFL Environmental Price Performance

NYSE GFL opened at $47.32 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $17.35 billion, a PE ratio of 9.70 and a beta of 1.03. The company has a 50 day moving average price of $49.45 and a two-hundred day moving average price of $47.16. GFL Environmental Inc. has a 12-month low of $37.00 and a 12-month high of $52.00.

GFL Environmental (NYSE:GFL) last issued its quarterly earnings data on Wednesday, April 30th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.10). GFL Environmental had a return on equity of 3.93% and a net margin of 36.01%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.52 billion. The business’s revenue for the quarter was down 13.4% compared to the same quarter last year. As a group, equities analysts predict that GFL Environmental Inc. will post 0.58 earnings per share for the current fiscal year.

GFL Environmental Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, July 14th will be paid a dividend of $0.0154 per share. This represents a $0.06 annualized dividend and a yield of 0.13%. GFL Environmental’s payout ratio is currently 1.23%.

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.