GFL Environmental (TSE:GFL) Reaches New 52-Week High – What’s Next?

GFL Environmental Inc. (TSE:GFL)’s stock price hit a new 52-week high during trading on Friday . The company traded as high as C$66.64 and last traded at C$66.41, with a volume of 211002 shares changing hands. The stock had previously closed at C$65.65.

Analyst Ratings Changes

Separately, Scotiabank upgraded shares of GFL Environmental to a “strong-buy” rating in a research report on Friday, October 4th.

GFL Environmental Stock Performance

The stock’s 50-day moving average price is C$58.56 and its 200-day moving average price is C$54.49. The company has a debt-to-equity ratio of 145.69, a quick ratio of 0.57 and a current ratio of 0.89. The company has a market capitalization of C$25.28 billion, a price-to-earnings ratio of -32.40, a P/E/G ratio of -0.76 and a beta of 1.03.

GFL Environmental (TSE:GFL) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C$0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.32 by C$0.01. GFL Environmental had a negative net margin of 8.83% and a negative return on equity of 9.83%. The company had revenue of C$2.01 billion during the quarter, compared to the consensus estimate of C$2.06 billion. As a group, equities research analysts expect that GFL Environmental Inc. will post 1.6870788 earnings per share for the current year.

GFL Environmental Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 31st were given a dividend of $0.019 per share. The ex-dividend date was Wednesday, October 16th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.11%. GFL Environmental’s payout ratio is -3.90%.

Insider Activity

In related news, Senior Officer Mindy Beth Gilbert sold 7,733 shares of GFL Environmental stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of C$54.86, for a total transaction of C$424,232.38. Also, Director Patrick Joseph Dovigi sold 600,000 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of C$53.39, for a total transaction of C$32,036,634.00. In the last three months, insiders sold 687,224 shares of company stock worth $36,805,967. Company insiders own 2.96% of the company’s stock.

About GFL Environmental

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.