Raymond James Financial Services Advisors Inc. Acquires 690 Shares of GFL Environmental Inc. (NYSE:GFL)

Raymond James Financial Services Advisors Inc. boosted its holdings in GFL Environmental Inc. (NYSE:GFL) by 5.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,322 shares of the company’s stock after acquiring an additional 690 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in GFL Environmental were worth $460,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Nordea Investment Management AB increased its stake in GFL Environmental by 16.6% in the 4th quarter. Nordea Investment Management AB now owns 7,384,983 shares of the company’s stock worth $256,259,000 after acquiring an additional 1,053,530 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of GFL Environmental by 59.6% in the 3rd quarter. Sei Investments Co. now owns 619,481 shares of the company’s stock worth $19,675,000 after purchasing an additional 231,264 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of GFL Environmental by 13.9% in the 3rd quarter. Stifel Financial Corp now owns 68,430 shares of the company’s stock worth $2,173,000 after purchasing an additional 8,365 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of GFL Environmental by 55.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 12,543,970 shares of the company’s stock worth $398,396,000 after purchasing an additional 4,490,164 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings in shares of GFL Environmental by 1,143.9% in the 3rd quarter. Deutsche Bank AG now owns 2,811,835 shares of the company’s stock worth $89,304,000 after purchasing an additional 2,585,786 shares in the last quarter. 64.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on GFL. Wells Fargo & Company upped their price objective on GFL Environmental from $30.00 to $34.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. Jefferies Financial Group upped their price objective on GFL Environmental from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Monday, March 18th. BMO Capital Markets upped their price objective on GFL Environmental from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. Royal Bank of Canada started coverage on GFL Environmental in a research report on Monday, April 8th. They set an “outperform” rating and a $46.00 price target on the stock. Finally, Bank of America lowered GFL Environmental from a “buy” rating to a “neutral” rating and set a $35.00 price target on the stock. in a research report on Friday, January 19th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $42.83.

GFL Environmental Price Performance

Shares of GFL stock opened at $33.15 on Friday. The firm has a market cap of $12.30 billion, a P/E ratio of -331.45 and a beta of 1.13. GFL Environmental Inc. has a fifty-two week low of $26.87 and a fifty-two week high of $39.06. The business’s 50 day moving average price is $34.86 and its 200-day moving average price is $32.66. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.82 and a current ratio of 0.82.

GFL Environmental (NYSE:GFL) last issued its quarterly earnings data on Tuesday, February 20th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.14). The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.37 billion. GFL Environmental had a return on equity of 4.96% and a net margin of 0.64%. On average, equities research analysts anticipate that GFL Environmental Inc. will post 0.82 earnings per share for the current year.

GFL Environmental Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be paid a $0.014 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.17%. The ex-dividend date of this dividend is Friday, April 12th. This is a boost from GFL Environmental’s previous quarterly dividend of $0.01. GFL Environmental’s dividend payout ratio (DPR) is presently -60.00%.

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.