GFL Environmental (NYSE:GFL) Sees Strong Trading Volume – Should You Buy?

Shares of GFL Environmental Inc. (NYSE:GFL) saw an uptick in trading volume on Wednesday . 1,922,513 shares changed hands during trading, an increase of 2% from the previous session’s volume of 1,882,431 shares.The stock last traded at $47.84 and had previously closed at $48.62.

Wall Street Analyst Weigh In

GFL has been the topic of a number of recent research reports. Stifel Nicolaus upgraded shares of GFL Environmental from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. Scotiabank upped their price target on GFL Environmental from $50.00 to $52.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, March 5th. Royal Bank of Canada reiterated an “outperform” rating and set a $53.00 price objective on shares of GFL Environmental in a research note on Monday, February 24th. Citigroup initiated coverage on GFL Environmental in a report on Monday, January 27th. They issued a “buy” rating and a $53.00 target price on the stock. Finally, National Bankshares restated an “outperform” rating on shares of GFL Environmental in a report on Tuesday, March 11th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.63.

GFL Environmental Stock Up 0.9 %

The stock has a market cap of $19.20 billion, a PE ratio of -36.69 and a beta of 1.16. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.58 and a quick ratio of 0.58. The company has a 50 day moving average price of $45.48 and a two-hundred day moving average price of $43.86.

GFL Environmental (NYSE:GFL) last released its quarterly earnings data on Monday, February 24th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.98 billion. GFL Environmental had a positive return on equity of 3.50% and a negative net margin of 7.54%. Analysts expect that GFL Environmental Inc. will post 0.58 EPS for the current year.

GFL Environmental Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 13th were given a dividend of $0.014 per share. The ex-dividend date of this dividend was Monday, January 13th. This represents a $0.06 dividend on an annualized basis and a yield of 0.11%. GFL Environmental’s dividend payout ratio (DPR) is -3.23%.

Institutional Investors Weigh In On GFL Environmental

A number of large investors have recently added to or reduced their stakes in the stock. Continuum Advisory LLC boosted its stake in shares of GFL Environmental by 60.6% in the 3rd quarter. Continuum Advisory LLC now owns 673 shares of the company’s stock worth $29,000 after buying an additional 254 shares during the last quarter. Erste Asset Management GmbH boosted its position in GFL Environmental by 2.0% in the fourth quarter. Erste Asset Management GmbH now owns 13,371 shares of the company’s stock worth $597,000 after purchasing an additional 261 shares during the last quarter. Metis Global Partners LLC boosted its position in GFL Environmental by 5.4% in the fourth quarter. Metis Global Partners LLC now owns 5,790 shares of the company’s stock worth $258,000 after purchasing an additional 298 shares during the last quarter. Blue Trust Inc. grew its stake in shares of GFL Environmental by 124.9% during the 4th quarter. Blue Trust Inc. now owns 551 shares of the company’s stock valued at $25,000 after purchasing an additional 306 shares during the period. Finally, US Bancorp DE increased its position in shares of GFL Environmental by 12.5% during the 4th quarter. US Bancorp DE now owns 2,890 shares of the company’s stock valued at $129,000 after purchasing an additional 321 shares during the last quarter. Institutional investors own 64.70% 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.